Question: You crazy uncle left you a trust that will pay you$20000 per year for the next 31 yeras with the first payment received one year

You crazy uncle left you a trust that will pay you$20000 per year for the next 31 yeras with the first payment received one year from today. If the appropriate rate is 5.3 percent, what is the value of the payments today

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!

Question: Your crazy uncle left you a trust that will pay you $ 3 4 , 0 0 0 per year for the next 2 0 years with the first payment received one year from today. If the appropriate interest rate is 6...

Please include the work/inputs for full credit. For example: What is the future value of $1,000 invested for 5 years at 10%. The answer is $1,610.51 and the work would either be the formula,...

1: Three years ago, you invested $3,050. Today, it is worth $3,800. What rate of interest did you earn? Question 2: Your crazy uncle left you a trust that will pay you $28,000 per year for the next...

Your crazy uncle left you a trust that will pay you $33,000 per year for the next 32 years with the first payment received one year from today. If the appropriate interest rate is 6.6 percent, what...

Your crazy uncle left you a trust that will pay you $39,000 per year for the next 30 years with the first payment received one year from today. If the appropriate interest rate is 7.2 percent, what...

Your crazy uncle left you a trust that will pay you $23,000 per year for the next 15 years with the first payment received one year from today. If the appropriate interest rate is 5.6 percent, what...

Your crazy uncle left you a trust that will pay you $17,000 per year for the next 25 years with the first payment received one year from today. If the appropriate interest rate is 7.3 percent, what...

Your crazy uncle left you a trust that will pay you $30,000 per year for the next 26 years with the first payment received one year from today. If the appropriate interest rate is 6.3 percent, what...

3. Your crazy uncle left you a trust that will pay you $36,000 per year for the next 24 years with the first payment received one year from today. If the appropriate interest rate is 6.9 percent,...

Refer to Exercise 7.6 on page 283. Population data: 3, 4, 7, 8. a. Use your answers from Exercise 7.6(b) to determine the mean, x-bar, of the variable x-bar, for each of the possible sample sizes. b....

The two-winding magnetic circuit of figure has a winding on a fixed yoke and a second winding on a moveable element. The moveable element is constrained to motion such that the lengths of both air...

In problem 13.5. on page 509, you used GDP and population density to estimate CO2 emissions. Using the computer output from that problem: a. Determine whether there is a significant relationship...

Help me out thanks. Managerial Science. The XY Manufacturing Company must decide whether to manufacture a component part at its plant or purchase the component part from a supplier. The resulting...

You show up late for an appointment with a colleague. Your co - worker says something negative about this to you, even though he or she frequently keeps you waiting.

Every time we stand in a long line in the grocery store because additional cash registers arent being staff ed and we dont point this out, we enable managers to believe that they can get away with...

What needs to happen to make your organizations culture one in which people are willing to apologize?