What is the present value of an 40 annuity due that pays 3,814 per month for the

Fantastic news! We've Found the answer you've been seeking!

Question:

What is the present value of an 40 annuity due that pays 3,814 per month for the next 10 years? Assume no terminal value and a discount rate of 7%.

$1,287,351

$1,294,860

$1,268,675

$1,265,513

Related Book For answer-question

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

See More Books

Posted Date: Feb 23, 2022 05:28 AM

See More Questions

What is the present value of an investment at 6% annual simple interest if it is worth $832 in 8 months?
What is the present value of an investment that promises to pay you $1,000 in five years if you can earn 6 percent interest compounded annually?
What is the present value of the following future amounts? a. $ 800 to be received 10 years from now discounted back to the present at 10 percent b. $ 300 to be received 5 years from now discounted...
why people who are sophisticated but face borrowing constraint would increase consumption when they receive transfer payment?
Does biochemistry differ from organic chemistry? Explain your answer. (Consider such features as solvents, concentrations, temperatures, speed, yields, side reactions, and internal control.)
For the reaction 2Cu(s) + S(s) Cu2S(s) Ho and Go are negative and So is positive. a. At equilibrium, will reactants or products predominate? Why? b. Why must the reaction system be heated in order...
This exercise is based on Section 5.2 of Box et al. [2005]. An experiment for optimizing response yield (y) in a chemical plant operation was conducted. The three factors considered are temperature...
Suppose R = 3, 2, 4, 3, 4, 2, 2, 3, 4, 5, 6, 7, 7, 6, 5, 4, 5, 6, 7, 2, 1 is a page reference stream. a. Given a page frame allocation of 3 and assuming the primary memory is initially unloaded, how...
. In each case, determine whether or not the point lies on the line. If it does not, give an equation of a plane containing the point and the line. a. (-7, 10,-3) and r (t) = (1 - 4t, 6t - 5, t5) b....
Balance sheets for P Company and S Company on August 1, 2019, are as follows: Required: Prepare a workpaper for a consolidated balance sheet for P Company and its subsidiary on August 1, 2019, taking...
Consider the following code snippet, what will be the output: int i = 1; int j = 5; int k = 3; while (ij) { k += (1 +j); i *= 2; j--; System.out.println("i k);
run the code use, Eclipse IDE for Enterprise Java and Web Developers version Important Note: Class Diagram, Servlet, JavaBean, Report, and Interface (HTML, CSS) are needed for Assignment 1. JSP and...
Write a function append_fr : 'a list -> 'a list -> 'a list that returns a list containing the elements in the first list at the front of the second, with the order of the two lists preserved. Your...
Give a tight asymptotic run time analysis ( notation) for the following pseudo-code snippet: sum - 0 for i 1 to n do forj -1 to 1 do sum sumary[i]
Give a tight asymptotic run time analysis ( notation) for the following pseudo-code snippet: L-new linked list containing the values (1, 2, ..., n) for i -1 to n do p - L.head for j 0 to i-1 do...
Given the following declarations, what result is stored in each of the listed assignment statements (what is the value of iResult or fResult)? (1 pt each) int iResult, numl 15, num21 2; double...
< Pam runs a mail-order business for gym equipment. Annual demand for TricoFlexers is 17,500. The annual holding cost per unit is $2.75, and the cost to place an order is $37. a. What is the economic...
A new car sold for $31,000. If the vehicle loses 15% of its value each year, how much will it be worth after 10 years?
Parents agree to invest $500 (at 10%, compounded semiannually) for their son on the December 31 or June 30 following each semester that he makes the dean's list during his 4 years in college. If he...
In a certain state, the daily amounts of industrial waste are normally distributed, with a mean of 8000 tons and a standard deviation of 2000 tons. Find the probability that on a randomly selected...
Solve each system by elimination or by any convenient method? 1. 2. 3. 4. S7x + 2y = 26 4 %3D 16 S 2x + 5y = 24 -6x + 2y = 30
You have two regions, A and B, of differently doped silicon, with the regions joined together to make a continuous silicon crystal. When the positive terminal of a battery is connected to region...
In Figure P32.33, what combinations of positive bias (input signals) A, B, C, D allow the light bulb to light up? Data from Figure P32.33 A B OR JOR AND D
Suppose a transistor consists of a very narrow $p$-type material sandwiched between two very wide regions of $n$-type material. (a) Is the charge on the $p$-type region positive or negative,...

What is the present value of an 40 annuity due that pays 3,814 per month for the

Question:

Expert Answer:

value Annuity 40 present pay ... View the full answer

Mathematical Applications for the Management Life and Social Sciences

Students also viewed these accounting questions