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 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 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.An investment will pay you $4,611.9 in 3 years if you pay $1,376.68 today. What is the implied rate of return? (Convert to a percent. Round to 2 decimal places.)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 will receive payments of $300 per year. The first payment will be ten years from today and the last payment will be 32 years from today. If the yearly interest rate is 5%, what is the present value today of the payments? O 2,927.41 O 2,608.46 O 2,824.51 O 2,347.98if 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)