An annuity consists of payments of $100 at the end of every quarter for 5 years. What
Question:
An annuity consists of payments of $100 at the end of every quarter for 5 years. What is the annuity's present value, using a discount rate of 10% compounded quarterly?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
Given PV i 5 125 PMT 100 n 45...View the full answer
Answered By
MICHAEL KICHE
I was employed studypool for the first time in tutoring. I did well since most of my students and clients got the necessary information and knowledge requested for. I always submitted the answers in time and followed the correct formatting in answering eg MLA or APA format,
Again I worked with the writers bay where I did writing and got many clients whom we worked with so closely. They enjoyed every single service I delivered to them. My answers are always correct.
4.70+
13+ Reviews
53+ Question Solved
Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
Question Posted:
Students also viewed these Mathematics questions
-
An annuity consists of payments of $400 at the end of every calendar quarter for 11 years. If the annuity earns 3.5% compounded annually, calculate the annuity's a. Future value b. Present value
-
Using a discount rate of 6% compounded monthly, calculate the present value of monthly payments of $325 for 7 years if the payments are made: a. At the end of each month? (Do not round intermediate...
-
A deferred annuity consists of an ordinary annuity paying $2500 semiannually for a 12-year term after a 6- year period of deferral. Calculate the deferred annuity's present value using a discount...
-
Lets assume the client in the fact pattern in this weeks discussion board did not want to purchase the mothers house (in other words, forget about only those facts) and now has been appointed as the...
-
Consider an ideal Stirling cycle engine in which the pressure and temperature at the beginning of the isothermal compression process are 95 kPa, 20oC, the compression ratio is 5, and the maximum...
-
In a two-slit setup, each slit is 0.020 mm wide. These apertures are illuminated by plane waves of yellow sodium light ( = 589.6 nm). The resulting Fraunhofer fringe pattern consists of 11 narrow...
-
A survey consists of asking people for their blood types (O, A, B, and AB), including whether they are Rh-positive or Rh-negative. Determine the number of outcomes and identify the sample space.
-
The partners of O'Reilly and Shriberg, attorneys-at-law, decide to implement an activity based costing system for their firm. They identify the following three cost pools and budgeted amounts for...
-
Discuss the principles of affinity-based extraction methods, such as molecularly imprinted polymers (MIPs) and ion-exchange resins, and their applications in selective extraction of target analytes...
-
Required: 1. How did the spill-related costs recognized by BP in its financial statements through 2014 differ from a statistical estimate of the total expected costs that the company's senior...
-
Calculate the amounts that will be accumulated after 20 years if a. $1000 is invested at the end of every six months at 3.5% compounded semiannually. b. $2000 is invested at the end of every year at...
-
What is the future value after 5 1/2 years of $100 invested at the end of every quarter if the funds earn 5% compounded quarterly?
-
The two halves of the rod in FIGURE EX25.35 are uniformly charged to ±Q. What is the electric potential at the point indicated by the dot? ++++++++ FIGURE EX25.35
-
If we have an investment earning 20% year 1, 15% year 2, and loses 10% year 3. The equivalent annual return (including compounding) for this sequence of returns is?
-
Jeremiah Jams sold $2,500 worth of Jam to a customer and received the payment in cash. What would be the correct journal entry for this transaction?
-
Evaluate. 16 (x-2) dx 16 (x-2) dx=(Type an exact answer in simplified form.)
-
What are the impact of default risk on interest rates? Discuss.
-
how does the information system transaction process system (TPS) benefit a company ?
-
What amount did Apple report as "Other comprehensive income (loss)" in its consolidated statement of comprehensive income ending September 26, 2015? By what percentage did Apple's "Comprehensive...
-
The bookkeeper for Riley, Inc., made the following errors: a. A cash purchase of supplies of $357 was recorded as a debit to Supplies for $375 and a credit to Cash of $375. b. A cash sale of $3,154...
-
An increasing number of people are attending colleges and universities. The effect of this trend is that younger people will be more educated than older people. Conduct a test to determine whether...
-
It seems obvious that for people who take out student loans more years of education lead to larger student debt. a. Conduct a test to determine whether there is a positive linear relationship between...
-
Are younger middle-class people more likely to eat out at restaurants than older people? Conduct a test to determine whether there is sufficient evidence to infer that age (AGE) and amount spent on...
-
Sandy Bank, Incorporated, makes one model of wooden canoe. Partial information is given below. Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $510 each....
-
FIFO and LIFO costs under perpetual inventory system The following units of an item were available for sale during the year: 29 units at $44 Beginning inventory Sale 26 units at $64 First purchase 15...
-
Pie Corporation acquired 75 percent of Slice Company's ownership on January 1, 20X8, for $93,000. At that date, the fair value of the noncontrolling interest was $31,000. The book value of Slice's...
Study smarter with the SolutionInn App