6)a.b.C.d.What is the present value of $15,000 received today, $2,500 receivedat the end of each of the next six years and $10,000 received at theend of the 7th year, assuming a required rate of return of 4.50% ?$38,143$16,899.89$29,990.22$35,243

Answered: Image /qna-images/answer/ec889a10-5417-4bb9-94f8-3568adada0e0.jpg

Answered: a. b. C. d. What is the present value…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Similar questions

Mustafa purchases an annuity due paying 6% quarterly. If his payment is $5901, how much will its value be in 7 years? $206527.33 O $103851.19 O $771216.13 O $617210.95 O $52503.96
A loan of $5000 is paid off with payment of $532.76 made at the end of each six month period for six years. The interest rate is 8% compounded semi-annually. The interest portion of the fifth payment is: $143.48 $286.96 $389.28 $166.67 $173.38
A 25-year mortgage on a house requires payments of $915.60 at the end of each month. If the interest is 5.5% compounded semi- annually, what was the mortgage principal? C d $235 718.61 $150 002.09 $274 680.00 $33 284.82
Use the ordinary interest method to compute the time (in years) for the loan. Round your answer up to the next highest year when necessary. Principal Rate (%) Time Interest $25,000 8.7 years $10,875
Month-end payments of $1,580 are made to settle a loan of $174,200 in 10 years. What is the effective interest rate? 0.00 % Round to two decimal places
Suppose a 40-year old person deposits $8000 per year in an individual retirement account until age 65. Find the total in the account with the following assumption of an interest rate. (Assume quarterly compounding, with payments of $2000 made at the end of each quarter period.). Find the total amount of interest earned. 7% The total in the account $___. (Round to the nearest CENT as needed.)
Compute the principal (in $) for the loan. Use ordinary interest when time is stated in days. Principal Rate (%) Time Interest $ 8 6 months $1,000
A worker established an ordinary annuity with regular payment of $10000 compounded annually at an annual rate of 8.5% for 17 years. What is the future value of the annuity? S=$ How much did the worker contribute to the annuity? $ How much interest did the worker earn at the end of the annuity? $
a. RM9338 b. RM9385 C.RM 9583 a EXAMPLE 2 2. Johan won an annuity that pays RM1000 every 3 months for 3 years. What is the present value of this annuity if the money worth 16% compounded quarterly? Ob
Suppose Christian stops for coffee a given number of times a week. Use the information in the following table to calculate how much Christian would save if he deposited the amount he would spend on coffee into an ordinary annuity instead. Assume there are four weeks in a month. Number of Coffees Per Week 3 Price of One Cup $5.10 Christian would have in the annuity (Round to the nearest cent as needed.) Interest Rate for Annuity 1.6% Number of Years 6 CLICC
A local Dunkin’ Donuts franchise must buy a new piece of equipment in 5 years that will cost $80,000. The company is setting up a sinking fund to finance the purchase. What will the quarterly deposit be if the fund earns 8% interest? (Do not round intermediate calculations. Round your answer to the nearest cent.) Quarterly deposit $ _________
help

SEE MORE QUESTIONS

Recommended textbooks for you

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Basic Technical Mathematics

Advanced Math

ISBN:

9780134437705

Author:

Washington

Publisher:

PEARSON

Topology

Advanced Math

ISBN:

9780134689517

Author:

Munkres, James R.

Publisher:

Pearson,

SEE MORE TEXTBOOKS

a. b. C. d. What is the present value of $15,000 received today, $2,500 received at the end of each of the next six years and $10,000 received at the end of the 7th year, assuming a required rate of return of 4.50% ? $38,143 $16,899.89 $29,990.22 $35,243