Christina will receive annuity payments of $1,200 per year for five years, with the first payment occurring at Year 4. What is the value of this annuity to her today at a discount rate of 7.25 percent?

Seven years ago, Carlos took out a mortgage for $185,000 at 5.6 percent, compounded monthly, for 30 years. He has made all of the monthly payments as agreed. 

What is his current loan balance?

Answer rating: 100% (QA)

To calculate the value of the annuity to Christina today at a discount rate of 725 percent we can us... View the full answer