Calculate the present value of the following annuity streams: to. $7,000 received each year for 5 years
Question:
Calculate the present value of the following annuity streams:
to. $7,000 received each year for 5 years on the last day of each year if your investments pay 6 percent compounded annually. (Do not round intermediate calculations. Round your answer to 2 decimal places. (eg, 32.16))
present value $
b. $7,000 received each quarter for 5 years on the last day of each quarter if your investments pay 6 percent compounded quarterly. (Do not round intermediate calculations. Round your answer to 2 decimal places. (eg, 32.16))
present value $
C. $7,000 received each year for 5 years on the first day of each year if your investments pay 6 percent per annum compounded. (Do not round intermediate calculations. Round your answer to 2 decimal places. (eg, 32.16))
present value $
d. $7,000 received each quarter for 5 years on the first day of each quarter if your investments pay 6 percent compounded quarterly. (Do not round intermediate calculations. Round your answer to 2 decimal places. (eg, 32.16))
present value $
Financial Markets And Institutions
ISBN: 9781264098729
8th Edition
Authors: Anthony Saunders, Marcia Cornett