Question: if a 28 year ordinary annuity has a future value of 36919.00 and if the interest rate is 14.4 percent, what is the amount of

if a 28 year ordinary annuity has a future value of 36919.00 and if the interest rate is 14.4 percent, what is the amount of each annuity payment

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:

Verify the schedulability under rate - monotonic algorithm and construct the schedule of the following task set: 1 {3, 7}, 2 {5, 16}, and 3 {3, 15}. Here, the notation i {e i , p i } gives...

Q:

A 5-year ordinary annuity has a future value of 5,000, and if the interest rate is 7%, What is the amount of each annuity payment? A 10-year annuity due has a future value of 10,000, and if the...

Q:

11. If a 5 -year ordinary annuity has a present value of $1,200, and if the interest rate is 8 percent compounded on a quarterly basis, what is the amount of each annuity payment? a. $254.59 b....

Q:

Please Answer quickly for thumbs up 11 12 If a 9-year ordinary annuity has a future value of $100,478.00, and if the interest rate is 10.1 percent, what is the amount of each annuity payment?...

Q:

If a 2-year ordinary annuity has a future value of $47,709.00, and if the interest rate is 11.7 percent, what is the amount of each annuity payment? $19,536.14 $21,536.14 $20,536.14 $23,536.14...

Q:

Question 12 If a 2-year ordinary annuity has a future value of $47,709.00, and if the interest rate is 11.7 percent, what is the amount of each annuity payment? O $19,536.14 O $21,536.14 O $20,536.14...

Q:

If a 5 -year ordinary annuity has a present value of $8521, and if the interest rate is 10 percent, what is the amount of each annuity payment

Q:

If a 5 year ordinary annuity has a present value of $6,935, and if the interest rate is 10 percent, what is the amount of each annuity payment

Q:

Please tell me the answer, no need to answer the process. Thank you. 1. A real estate investment has the following expected cash flows: Year Cash Flows 1 $10,000 2 $24,380 The discount rate is 8...

Q:

1. What is the present value of six payments of $190 made on an apartment. Assume the first of the six payments occurs immediately before you can move in and the appropriate discount rate is 10%. 2....

Q:

How to solve this question using the calculator and not an equation? Is it possible? And what are the inputs FVAN=PMT[1(1+1)N11]=PMT1 As you might expect, annuity problems can be solved lator or a...

Q:

You should never compare cash flows occurring at different times without first discounting them to a common date. Why? Explain the problem if you do not. When the market interest rate exceeds the...

Q:

A couple plans to have four children. Find the probability that the first two children are girls and the last two children are boys.

Q:

Which of the following is an example of a value in Schwartz's circumplex that should lead to greater well - being? stimulation tradition power security

Q:

A company is preparing completing their Cash Budget. The following data has been prepared for cash receipts and payments. January February March Cash receipts $1,061,200 $1,182,400 $1,091,700 Cash...