An investor will receive equal payments of $700 for four years, and the first payment will be received one year from now. What is the present value of these payments if the interest rate is 9%? (Round your answer to two decimal places.)
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An investor will receive equal payments of $700 for four years, and the first payment will be received one year from now. What is the present value of these payments if the interest rate is 9%? (Round your answer to two decimal places.)
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- Suppose you are going to invest $11,000 per year for six years. The appropriate interest rate is 9 percent. What is the future value if the payments are made on the last day of the year? What if the payments are made on the first day of the year? a) $82,756.68; $90,204.78 b) $90,204.78; $82,756.68 c) $49,345.10; $53,786.16 d) $53,786.16; $49,345.10Suppose that you will receive annual payments of $16,500 for a period of 10 years. The first payment will be made 6 years from now. If the interest rate is 7%, what is the present value of this stream of payments?Suppose that you have inherited an annuity that will initially pay $1,755 six years from now. Each of the following 30 annual payments will be 3% larger than the prior payment. Assuming that the annual opportunity cost of capital is 7%, what is the value of this annuity today? Round your final answer to two decimals.
- Suppose that an annuity will provide for 20 annual payments of 1240 dollars, with the first payment coming 9 years from now. If the nominal rate of interest is 8.8 percent convertible monthly, what is the present value of the annuity? Answer= dollarsYou are paid £3,500 annually for 8 years, with the first payment due in one year and the last payment due in 8 years. What is the present value of all these payments using an interest rate of 7%? £ 数字 Enter an answer correct to 2 decimal places.You are paid £2,500 annually for 6 years, with the first payment due in one year and the last payment due in 6 years. What is the present value of all these payments using an interest rate of 10%? £ Enter an answer correct to 2 decimal places.
- if you want to be paid from a 14 year ordinary annuity with a guaranteed rate of 2.208% compounded annually, how much should you pay for one of these annuities if you want to receive annual payments of $9,000.00 over the 14 year period? (Note: Your answer should have a dollar sign and be accurate to two decimal places)You are set to receive an annual payment of $10,900 per year for the next 15 years. Assume the interest rate is 5.8 percent. How much more are the payments worth if they are received at the beginning of the year rather than the end of the year?Suppose you are going to receive $11,000 per year for 8 years. The appropriate interest rate is 11 percent per year. Requirement 1: What is the present value of the payments if they are in the form of an ordinary (a)annuity (cash flow starts at the end of the first compounding period)? (Click to select) (b) What is the present value if the payments are an annuity due (cash flow starts at the beginning of the first compounding period)? (Click to select) Requirement 2: (a)Suppose you plan to invest the payments for 8 years, what is the future value if the payments are an ordinary annuity? (Click to select) (b)Suppose you plan to invest the payments for 8 years, what is the future value if the payments are an annuity due? (Click to select)
- Assume you have just found out you are entitled to receive $102,000 in 19 years. If the interest rate is 18 percent, what should you be willing to take today in exchange for the future payment? (Enter your answer as a positive number rounded to 2 decimal places.)You deposit $100 today, $200 one year from now, and $300 three years from now. How much money will you have at the end of year three if there are different annual interest rates per period according to the following diagram?Approximately how many years are needed to double a $100 investment when interest rates are 5.50 percent per year? (Round your answer to 2 decimal places.)