Question: Please help me in all these questions asap. Homework: Chapter 11: Ordinary Simple Annuities PVA Save Score: 0 of 1 pt 1 of 4 (0

 Please help me in all these questions asap. Homework: Chapter 11:

Ordinary Simple Annuities PVA Save Score: 0 of 1 pt 1 of

4 (0 complete) v HW Score: 0%, 0 of 4 pts 11.3.1

Question Help Find the present value of an annuity with payments of

Please help me in all these questions asap.

Homework: Chapter 11: Ordinary Simple Annuities PVA Save Score: 0 of 1 pt 1 of 4 (0 complete) v HW Score: 0%, 0 of 4 pts 11.3.1 Question Help Find the present value of an annuity with payments of $2,000 at the end of every six months for 8 years. The interest rate is 8% compounded semi-annually. The present value of the annuity is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Homework: Chapter 11: Ordinary Simple Annuities - PVA Save Score: 0 of 1 pt 2 of 4 (0 complete) HW Score: 0%, 0 of 4 pts 11.3.2 Question Help What is the discounted value of payments of $48.00 made at the end of every three months for 9.5 years if interest is 8% compounded quarterly? The discounted value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Homework: Chapter 11: Ordinary Simple Annuities - PVA Save Score: 0 of 1 pt 3 of 4 (0 complete) v HW Score: 0%, 0 of 4 pts 11.3.4 Question Help An installment contract for the purchase of a car requires payments of $205.64 at the end of each month for 4.75 years. Interest is 11% per annum compounded monthly (a) What is the amount financed? (b) How much is the interest cost? (a) The amount financed is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Homework: Chapter 11: Ordinary Simple Annuities - PVA Save Score: 0 of 1 pt 4 of 4 (0 complete) HW Score: 0%, 0 of 4 pts 11.3.8 Question Help Luisa borrowed to buy a piano, paying $167 at the end of each month for 6 years. The bank charges interest on the loan at 7.53% compounded monthly. (a) What was the cash price of the piano? (b) How much is the cost of financing? (a) The cash price of the piano is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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!