What is the present value of a $900 annuity payment over five years if interest rates are 8 percent?
Answer to relevant QuestionsWhat is the present value of a $700 annuity payment over six years if interest rates are 10 percent?Given a 6 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,000, $1,200, $1,200, and $1,500. A perpetuity pays $50 per year and interest rates are 9 percent. How much would its value change if interest rates decreased to 7.5 percent? Did the value increase or decrease? You wish to buy a $10,000 dining room set. The furniture store offers you a 3-year loan with an 11 percent APR. What are the monthly payments? How would the payment differ if you paid interest only? What would the ...Create the amortization schedule for a loan of $15,000, paid monthly over three years using a 9 percent APR.
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