Question: can you please hand write the steps and the answer. please i need the answer. 12) Find the present value of an annuity that pays

can you please hand write the steps and the answer. please
can you please hand write the steps and the answer. please i need the answer.

12) Find the present value of an annuity that pays $3,000 per month for 16 years if money is worth 6%, compounded monthly

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:

Please create an excel spreadsheet with formulas for requirement 5 (pages 24-27)and requirement 6 (pages 28-31)only. Please submit in excel format. Both questions and answers are provided for...

Q:

1) Common-sized balance sheets A) show data for companies in the same industry. B) show data for companies with approximately the same amount of assets. C) show each balance sheet account as a...

Q:

140 Tues LCULTEI Polyester lining fabric Finished Goods (handbags) Work in progress ZOU THCS 150 metres @ R 76 60 units @ R795 130 metres 100 units The company uses a FIFO cost formula. The value of...

Q:

5) Jones, Inc. has a current ratio equal to 1.40. Which of the following transactions will increase the company's current ratio? A) The company collects $500,000 of its accounts receivable. B) The...

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:

I am looking for solutions for this assignment. Any help? FNCE 370v9: Assignment 1 Assignment 1 is worth 5% of your final mark. Complete and submit Assignment 1 after you complete Lesson 1. Save this...

Q:

Together with document, you will have to answer the Gestion by change this the upload it as your answer WOW. You still not the To implify the identification of medias what the of oodarder enter your...

Q:

20 pts Question 9 Trenton is considering the purchase of a perpetuity la consol bond) from the British Government. The bond makes payments of $200 per year and is currently selling for $3.000. What...

Q:

please print clearly. Thank you! You are planning for a very early retirement you would like to retire at age 40 and have enough money Saved to be able to draw $225,000 per year for the next 40 years...

Q:

please enlarge to view. Water Nation is considering purchasing a waterpark in Saskatchewan for $1,950,000. The new facility wil generate annual net cash inflows of 5525,000 for 3 years. Engineers...

Q:

Shareholders' equity in a firm is $500. The firm owes a total of $400 of which 75 percent is payable this year. In addition, credit sales to customers total 5000 of which 80 percent is due this year...

Q:

-1] [ 1] x = [23] -3 4 (a) 14 -13 (c) 3 4 14 13 then X = (b) (d) 3 -4 -14 13 -3 4 -14 13

Q:

The Groves own a beach house as a second home. This year, the Groves used the beach house personally for 4 months. For 1 4 days during the summer, the Groves rented out their beach house for $ 5 , 0...

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:

Technology. In your marketing class, you have been reading extensively that more and more work in this field is done in a collaborative environment. Your course syllabus indicates that you will have...

Q:

You have been advised by one of your better employees that another company may be calling you for a recommendation about him or her. Develop an outline you could use during the conversation with the...

Q:

You are the Financial Aid Officer for Liston Community College. Mary Alverez applied for a Pell Grant but did not qualify.Develop the negative message about the loan application. Suggest that you...