Question: Can anyone solve this ? What is the present value of a 20-payment annual annuity of $20,000. The first payment is due three years from

Can anyone solve this ? Can anyone solve this ? What is the present value of a

What is the present value of a 20-payment annual annuity of $20,000. The first payment is due three years from today? The discount rate to use is 10.5% per year. Round and express your answer to the nearest whole dollar (i.e., nearest integer). Do not include a dollar sign

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!

Pleasegive me detail answers (formula) for the calculating questions FINA3317-002 Homework1 Spring 2016 FINA3317-003 Homework 1 Chapter 01 Introduction True / False Questions 1 Primary markets are...

Please show how to solve in simplest way with work, if needed excel is acceptable: [multi part question] Compute the fair rate of return for a stock. Stock beta is 1.20 Treasury yields are 4.25% and...

Generic numerical entry instructions: Enter only your final numerical answer, rounded and expressed as requested and the only non-number you should enter (if appropriate) is a period as 12.34 or a...

What is the present value of a 20-payment annual annuity of $80,000. The first payment is due three years from today? The discount rate to use is 6.5% per year. Round and express your answer to the...

DQ1: Sally Hamilton has performed well as the chief financial officer of Maxtech Computer Company and has earned a bonus. She has a choice among the following three bonus plans: 1. A $50,000 cash...

Sally Hamilton has performed well as the chief financial officer of Maxtech Computer Company and has earned a bonus. She has a choice among the following three bonus plans: option 1. A $50,000 cash...

1 . A $ 5 0 , 0 0 0 cash bonus is paid now. 2 . A $ 1 0 , 0 0 0 annual cash bonus to be paid each year for the next five years at the end of each year, plus the first $ 1 0 , 0 0 0 paid now ( six...

DQuestion 2 0.5 pts A 15 payment annual annuity has its first payment in 9 years. If the payment amount is $1,400 and the interest rate is 7%, what is the most you should be willing to pay today for...

-Q1. What is the present value of a perpetuity that pays $100 every month forever? The discount rate is 12% APR. (round to the nearest dollar) -Q2. The present value of a stream of ordinary annuity...

What is the present value of a 15 year annuity with the first payment of $65,000 (all payments are the same amount) in one year from now. Assume a discount rate of 5% and annual compounding....

To maintain a sodium chloride (NaCl) concentration close to water of sea, in an aquarium a solution was prepared containing 3.7 g of NaCl per 100 g of water. What is the mass percent of sodium...

The radionuclide 32P decays to 32S as described by Equation 42-24.In a particular decay event, a 1.71MeV electron is emitted, the maximum possible value. What is the kinetic energy of the recoiling...

Sharon's husband, Daniel, moved out of their home in February of 2022. Sharon has had no contact with Daniel since he moved out. Sharon and Daniel are not legally separated. Sharon has one child,...

Gantt Chart Assignment - Week 9 due at end of class ( Individual ) 1 0 marks / 4 % Save it with YOUR STUDENT ID as the project name. Create a new project and use the start date as March 1 8 , 2 0 2 3...

1. Form teams of four to six members. Identify someone on the team who knows how to make a paper airplane. That person will be the trainer.

OUTCOME 2 Describe the different sources of performance management information.

4. Have someone from each teamnot the trainervolunteer to come before the class for a friendly competition. The instructor will give each team member two minutes to make a paper airplane. Then, just...