Question: 6. Chapter MC, Section .05, Problem 097 What is the PV of an ordinary annuity with 5 payments of $16,200 if the appropriate interest rate

6. Chapter MC, Section .05, Problem 097 What is the PV of an ordinary annuity with 5 payments of $16,200 if the appropriate interest rate is 4.5%? O a. $70,406.45 b. $63,294.68 O c. $81,785.27 O d. $56,182.92 O $71,117.62

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

6. Chapter MC, Section 05, Problem 097 What is the PV of an ordinary annuity with 5 payments of $16,200 if the appropriate interest rate is 4.5%? Oa. $63,294.68 Ob. $81,785.27 Oc. $56,182.92 Od....

answer only question C on each part please Assume that you are nearing graduation and that you have applied for ajob at a local bank. As part of the bank's evaluation (interview) process, you have...

Group Integrative Problem 2 FINA 5260: Principles of Finance Bank Interview Exam Assume that you are nearing graduation and that you have applied for a job at a local bank. As part of the banks...

Hello, can you please help me with this assignment? X402 Math for Management: Problem Set 8 Table 1 Years 0 through 10 30, you would like to start saving a fixed amount each year to fund this...

please help me. I can pay only 70 dollars in this assignment Topic 1 & 2 Introduction to financial management and the Australian Taxation system Financial Markets 2 Learning Objectives Describe what...

please help me in 70 dollars to do this assignment iin APA style referencing Topic 1 & 2 Introduction to financial management and the Australian Taxation system Financial Markets 2 Learning...

123please help me with this Winter 1, 2013 7/22/2012 Chapter 4. Ch 04 P35 Build a Model Except for charts and answers that must be written, only Excel formulas that use cell references or functions...

PowerPoint Assignment for BUS 401: Principles of Finance You have been asked by a manager in your organization to put together a training program explaining Net Present Value (NPV) and Future Value...

Need help with the following excel simulation assignment: a. Find the FV of $1,000 invested to earn 10% annually 5 years from now. Answer this question by using a math formula and also by using the...

Dr.Ramsey Please assist me with my discussion post. Subject: Annuities Systematic risk evaluates the probability and extent of negative consequences to the larger body. For example, the government...

Tanger Company purchased a delivery truck for R$38,000 on January 1, 2017. The truck has an expected residual value of R$6,000, and is expected to be driven 100,000 miles over its estimated useful...

Two charged rings of 10 cm diameter face each other at a distance of 20 cm; their centers define the x-axis. Each ring carries a net charge Q= 20 nC. Calculate the electric field strength ) 3. at the...

As a Production and operations manager, develop your own research guidelines for such research.

5. Develop a scenario comparing two PH programs and involving the use of a CBA.

Identify three ways to manage an intergenerational workforce.

Prepare a Porters Five Forces analysis.

Analyze the impact of mergers and acquisitions on employees.