An annuity pays $1500 weekly for 4 years and then $4100 weekly for the next 7 years.
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An annuity pays $1500 weekly for 4 years and then $4100 weekly for the next 7 years. Determine the discounted value if the interest rate is j52=7.9%. *Do not round intermediate steps*
Charlie borrowed $112000 today. The interest rate on the loan is j1=4.3% for the first 5 years, then it changes to j1=7.2% thereafter. To repay the loan, Charlie makes yearly payments of R dollars (in the end of year) from year 3 to year 11. What is R? *
Related Book For
Engineering Economy
ISBN: 978-0132554909
15th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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