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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- 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.) Multiple choice question. $763.45 $2,081.50 $2,379.87 $2,267.80Suppose 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 buy an ordinary annuity today for $120,583, which promises to pay you $11,256 per year. If the interest rate is 4.29 percent, for how many years will you receive payments? Answer to 4 decimals.Suppose your client wishes to purchase an annuity that pays $80,000 each year for 6 years, with the first payment 4 years from now. At an interest rate of 8%, how much would the client need to invest now? Please round your answer to the nearest hundredth.
- You 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.What is the present value of $3,000 paid each year forever, assuming a discount rate of 5% and the first payment occurs one year from now? Equivalently: What amount would you have to invest today at an interest rate of 5% to generate an annual payment of $3,000 forever?Currently, you have $29,000 that you would like to grow to $91,500 within the next 7 years. Assuming interest rate compounds annually, what annual rate of return do you have to earn? (Round your answer to the nearest hundredth; two decimal places. Also, if your answer is an even number, enter it with two decimal places; e.g., 34.00)
- You want to invest in an annuity that will pay you $2,300 per quarter for the first 8 years and $1,200 per month for the last 5 years. If the annuity earns 4.35% compounded quarterly for the first 8 years and 5.85% compounded monthly for the remaining 5 years, what would be the amount of your initial investment? Enter the appropriate values in the blanks below, round answers to two decimal places. Initial Balance ||<---- I 5 years A/ N = A/ P/Y= A/ PV = A/ PMT= A/ FV = Final Balance A/ E EYou 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)