Question: Show work and answer correctly for thumbs up! What is the present value of a $2000, 10 year, annual ordinary annuity at a 4% annual

Show work and answer correctly for thumbs up! What is the

Show work and answer correctly for thumbs up!

What is the present value of a $2000, 10 year, annual ordinary annuity at a 4% annual discount rate (round to nearest dollar) 1351 18,422 O 16,222 O 249,122

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!

What is the present value of a 2,000 ten year annual ordinary annuity at a 4 percent annual discount rate?

4 points Suppose the present value of an ordinary 10 -year annuity is $3,000. If the discount rate is 7.5%, what is the payment amount? Enter your answer as a positive number, and round to the...

Your supervisor has tasked you with evaluating several loans related to a new expansion project. Using the PVIFA table (table 9.4 in the textbook), determine the annual payment on a $179,000, 6%...

1. To complete your last year in business school and then go through law school, you will need $20,000 per year for 4 years, starting next year (that is, you will need to withdraw the first $20,000...

Sunland Company owns a trade name that was purchased in an acquisition of Blossom Company. The trade name has a book value of $1900000, but according to IFRS, it is assessed for impairment on an...

PLEASE HELP WILL UPVOTE!! ANSWER ALL FULLY PLEASE!!!!! 4 13 15 If Bob and Judy combine their savings of $1,200 and $800, respectively, and deposit this amount into an account that pays 3% annual...

1. On January 1, 2014, Kline Company decided to begin accumulating a fund for asset replacement five years later. The company plans to make five annual deposits of $50,000 at 9% each January 1...

Annual cash inflows from two competing investment opportunities are given below. Each investment opportunity will require the same initial investment. Year 1 Year 2 Year 3 Year 4 Investment X...

Please show how to DO it! thank you! Relationship between future value and present valueMixed stream Using the information in the accompanying table, 1, answer the questions that follow. a. Determine...

May someone help me and show me how they got the solution. Please show the formula you used as well. will thumbs up What is the present value of a perpetuity of $400 per year if the appropriate...

The Byrd Company had the following transactions during 2007 and 2008: 1. On December 24, 2007 a computer was purchased on account from Computers International for $60,000. Terms of the sale were...

Given the following loop code segment, draw the pipeline diagram in the table by filling the stages and stalls, and mark the data forwarding. How many cycles are there between two successive stores...

The most common type of lisbility is one: Mutsple Choice so be paid in cash and for which the amount and liming are known. thet comes into existence due to a gain contingency. that comes into...

last two options for the multiple choice are : performance management development A construction equipment manufacturer, Roswell Corporation, is focusing on becoming a leader in sustainability in...

Have you ever had a sense that a speaker was intentionally leaving some information out or that the information was somehow unreliable? How did it make you feel about the speaker? Did it change the...

10. Is your speech within the required time limits for the assignment?

After you have practiced in front of one or more friends, family members, or classmates, consider their feedback. Was anything about the feedback surprising? Did they note the strengths and...