Question: Annuity payment: 9 0 0 0 Payment frequency: every year Time period: 2 0 years Nominal rate: 6 % Interest compounded: anually Please find present

Annuity payment: 9000
Payment frequency: every year
Time period: 20 years
Nominal rate: 6%
Interest compounded: anually
Please find present value of the annuity with table 12-2
Annuity payment: 9000 Payment frequency: every year Time period: 20 years

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!

Q:

Project Details John and Jane Doe are newlyweds with executive track careers at ACME Gadget Company. In five years, the Does would like to have a family, envisioning two young children, Jack and...

Q:

Solve the following exercise by using the present value formula. Do not round intermediate calculations. Round your answers to the nearest cent. Compound Amount Term of Investment Nominal Rate (%)...

Q:

TABLE 12-2 Present Value (Amount) of an Ordinary Annuity of $1 Periods 1% 2% 1 0.99502 0.99010 0.98522 2 1.98510 1.97040 3% 4% 5% 0.98039 0.97087 0.96154 0.95238 1.95588 1.94156 1.91347 188609...

Q:

MacBook Pro Homework Chapter 5 : Time Value of Money. Problem 1 8 : The present value of a cash flow is $ 1 , 2 4 0 at the end of 8 periods, and the future value is $ 1 , 4 6 0 . What is the interest...

Q:

Please give me right answers, cause i did some wrong 2. [0/1 Points] DETAILS PREVIOUS ANSWERS HARMATHAP 12 6.3.009. MY NOTES PRACTICE ANOTHER The Weidmans want to save $35,000 in 2 years for a down...

Q:

2. [0/1 Points] DETAILS PREVIOUS ANSWERS HARMATHAP 12 6.3.009. MY NOTES PRACTICE ANOTHER The Weidmans want to save $35,000 in 2 years for a down payment on a house. If they make monthly deposits in...

Q:

Solve various time value of money scenarios Click the icon to view the scenarios) Click the icon to view the present value f ora Co the icon to view the future v ector the con love the procent value...

Q:

this is 14.1 Ch 14: End-of-Chapter Problems - Planning for Retirement Back to A mer Attempts: Average 12 2. Ch14 Financial Planning Exercise 3 elook Chapter 14 Financial Planning Exercise 3...

Q:

Use Table 12-2 to calculate the present value (in \$) of the annuity due. (Round your answer to the nearest cent.) \begin{tabular}{|c|c|c|c|c|c|} \hline \begin{tabular}{c} Annuity \\ Payment...

Q:

Use Table 122 to calculate the present value (in \$) of the ordinary annuity. (Round your answer to the nearest cent.) \begin{tabular}{|c|c|c|c|c|c|} \hline \begin{tabular}{c} Annuity \\ Payment...

Q:

Franklin Company uses activity-based costing, and normally produces 1,000,000 units per month. At this level of production, the costs per unit are as follows: Direct materials used $14 Direct labor...

Q:

A television company purchased machinery for P 100,000 on July 1, 2010. It is estimated that it will have a useful life of 10 years, scrap value of P 4, 000.00, production of 40,000 units and working...

Q:

Part 1 or 2 What are non - corventional cash flows? 2 points 0 3 3 8 5 2 Mutiple Choice seterences High cash flows followed by much lower cash flows. Low cash flows followed by much higher cash...

Q:

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

Q:

9. Are your presentation aids solid, and do they back up your main points (without overwhelming your speech)?

Q:

7. Have you defined your terms clearly and related unfamiliar terms to familiar ideas?

Q:

3. Locate a persuasive speech that you found particularly compelling. Print it out and edit it, removing any and all of the material that you feel is persuasive in nature (for example, the speakers...