Calculate the present value of an annuity immediate of amount $539 paid annually for 6 years at the rate of interest of 2 , I 607 001544 Calculate the present value of an annuity immediate of amount $539 paid annually for 6 years at the rate of interest of 2 , I 607 001544...

The detailed answer for the above question is provided below answer The present value of the annuityimmediate is computed as PV 539 1 1 0026 002 PV 31 ...

Calculate the present value of an annuity-immediate of amount $539 paid annually for 6 years at...

Fantastic news! We've Found the answer you've been seeking!

Question:

Caiculate the present value of an annuity-immediate of amount ( $ 539 ) paid annually for 6 years at the rate of interest

Related Book For answer-question

Elementary Statistics Picturing The World

ISBN: 9780321911216

6th Edition

Authors: Ron Larson, Betsy Farber

See More Books

Posted Date: Nov 22, 2022 08:43 AM

See More Questions

In the casino game roulette, if a player bets $1 on red (or on black or on odd or on even), the probability of winning $1 is 18/38 and the probability of losing $1 is 20/38. Suppose that a player...
In American roulette, the wheel has the 38 numbers, 00, 0, 1, 2, . . ., 34, 35, and 36, marked on equally spaced slots. If a player bets $1 on a number and wins, then the player keeps the dollar and...
An American roulette wheel contains 38 slots numbered 00, 0, 1, 2, 3, c, 35, 36. Eighteen of the slots numbered 1-36 are colored red and 18 are colored black. The 00 and 0 slots are considered to be...
Use the following timeline to answer the question(s) below. 0 1 2 3 $600 $1200 $1800 At an annual interest rate of 7%, the future value of this timeline in year 3 is?
Assume consumers are choosing between housing services (H) measured in square feet and consumption of all other goods (C) measured in dollars. a. Show the equilibrium position in a diagram. b. Now...
Why is it unlikely that a traditional SQL database would be able to meet the firms needs?
How you may use computers for litigation support?
Garys Gears is a production facility that produces metal gears. The first step is stamping, which happens at a press. There are two identical presses that operate simultaneously (gears can be stamped...
What decision support strategy uses a technique based on searching based on logical proximity by identifying other data with characteristics that are common to a new item being analyzed?
Solve y" + y = 1 - t 2 / 2 ? if 0 < t < and 0 if t ?? ??; here, y(0) = 0, y' (0) = 0. This models an undamped system on which a force F acts during some interval of time (see Fig. 59), for instance,...
Draw Lewis structures for CN+, CN, and CN? 1). Draw Lewis structure for CN+CN+. Draw the molecule by placing atoms on the grid and connectingthem with bonds. Include all lone pairs of electrons and...
n the computation of basic earnings per share, a company will use the Blank______. Multiple choice question. year-end common shares outstanding beginning-year common shares outstanding...
One of the general Medicaid income and asset guidelines states that only a portion of Blank______ income from Social Security benefits, Supplemental Security Income (SSI), and veterans' benefits and...
A prospect says that she is a little concerned about the cost of a product so you ask her, "Are you saying that price is the most important thing you are interested in?" This is an example of: a...
1. A coupon bond that pays interest of $60 annually has a par value of $1,000, matures in 6 years, and is selling today at an $84.52 discount from par value. What is the yield to maturity on this...
For the following system: F=1500 N, yield strength of the material is 310 MPa. Answer the following questions: a) Determine the stress components at point A and point B. Show all the internal forces...
You will build a "space" game. We provide "ml-space" as an example to guide you but you may be creative within the restrictions we describe here. Please check the two associated grading rubrics for...
What is the difference between direct materials and indirect materials?
Twenty-two percent of former smokers say they tried to quit four or more times before they were habit-free. You randomly select 10 former smokers. Find the probability that the first person who tried...
An employment information service claims that the standard deviation of the annual salaries for public relations managers is greater in Florida than in Louisiana. You select a sample of public...
The estimated percent distribution of the U.S. population for 2020 is shown in the pie chart. Find each probability. (a) Randomly selecting someone who is under 5 years old (b) Randomly selecting...
Name four disruptive business models and describe what they offer to their customers.
How is IT contributing to the success of the on-demand and shared economies?
What are the key strategic and tactical questions that determine an organizations profitability and management performance?

Calculate the present value of an annuity-immediate of amount $539 paid annually for 6 years at...

Question:

Calculate the present value of an annuity-immediate of amount $539 paid annually for 6 years at the rate of interest of 2%, I 607.001544 Calculate the present value of an annuity-immediate of amount $539 paid annually for 6 years at the rate of interest of 2%, I 607.001544

Expert Answer:

The detailed answer for the above question is provided below answer The present value of the annuityimmediate is computed as PV 539 1 1 0026 002 PV 31... View the full answer

Elementary Statistics Picturing The World

Students also viewed these mathematics questions