Question $11$

$($CHAPTER $6)$

Your friend offers to you to be a part of his partnership business. If you agree to this, you will receive $$5,500$ at the end of each of the next $6$ years. Your friend's partnership generates a $3\%$ annual return. If instead you wait $6$ years with receiving the money, and receive an equivalent amount of money at the end of year $6$ in one large payment, how much would it need to be$?$

In the problem above I am working with $$ In the problem above I need to calculate

multiple

a perpety

a single cash flow

In the format $$$,$$$$$,$ in the problem above my numerical answer is

$[$Select$]$

$[$Select$]$

decimal places for any intermediate calculations, from the default $2$ to$,$ for example, $6$ or even higher. The more the better! Only round your final answer.

Question $11$

$($CHAPTER $6)$ receiving the money, and receive an equivalent amount of money at the end of year $6$ in one large payment, how much would it need to be$?$

In the problem above I am working with $[$Select$]$

In the problem above I need to calculate the $[$Select $]$

$$

Future Value

Present Value

number of time periods, or number of cash flows

$[$ Select$]$

Select $][$Select $]$

$$

Select $]$

$[$Select$]vv[$Select$]$

$[$Select$]$

dollar amount of the repeating cash flow

ven higher. The more the better! Only round your final answer.