(i) What's the future value of an annuity of $1,500 per year, for 19 years, with first...
Fantastic news! We've Found the answer you've been seeking!
Question:
(i) What's the future value of an annuity of $1,500 per year, for 19 years, with first payment at the end of 1 year from now, given that the interest rate if 0.75% per year?
(j) You’re buying your first house for $180,000, giving $35,000 as down payment. The amount you will finance will paid in 40 years with monthly interest rate of 0.5%. What is the value of the equal payments you will have to make for 30 years?
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date: