1. What is the present value of $43,700 to be received in 20 years; i = 6%....
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1. What is the present value of $43,700 to be received in 20 years; i = 6%.
2. What is the present value of a 20-year annuity of $3,000 per year; i = 6%.
3. What is the present value of a 5-year annuity of $4,800 with the first payment to be received 3 years from now; i = 8%.
4. What will be your annual payment if you take now a loan of $130,000 with annual equal repayments over the next 11 years? i = 6%.
5. You take out a loan in the amount of $269,000 with annual equal repayments over the next 20 years. What is the balance of the loan after the 5th payment? i = 8%.
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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