If Jessie wants to receive $15,700 after 48 months, how much should he pay at the beginning of each period, considering that the interest rate is at 9.30%, compounded monthly? A) s269.17 B) $149.51 $1.43 $302.08

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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Beth wants to buy an equipment, used for cleaning. The transaction requires a down payment of $1,800. After the immediate
payment, she needs to pay $2,500 at the beginning of every period for the first 4 years, s5,000 for the next 2 years, $5,100 on the
7th year, $6,400 on the 8th year, and $7,000 for the last 2 years. What is the Present Value of this annuity?
A) $31,233.90
B) $39,218.37
$38,552.06
$42,566.81
If Jessie wants to receive $15,700 after 48 months, how much should he pay at the beginning of each period, considering that the
interest rate is at 9.30%, compounded monthly?
A.
$269.17
$149.51
$1.43
$302.08
6
What is the present value of the Big Lottery's payments if it will pay out $1,500,000 per year forever, with the first payment in 3
years, and at an interest rate of 4%?
A $34,670,857.99
B) s20,119,623.58
$36,082,109.26
D $23,113,905.33
Transcribed Image Text:Beth wants to buy an equipment, used for cleaning. The transaction requires a down payment of $1,800. After the immediate payment, she needs to pay $2,500 at the beginning of every period for the first 4 years, s5,000 for the next 2 years, $5,100 on the 7th year, $6,400 on the 8th year, and $7,000 for the last 2 years. What is the Present Value of this annuity? A) $31,233.90 B) $39,218.37 $38,552.06 $42,566.81 If Jessie wants to receive $15,700 after 48 months, how much should he pay at the beginning of each period, considering that the interest rate is at 9.30%, compounded monthly? A. $269.17 $149.51 $1.43 $302.08 6 What is the present value of the Big Lottery's payments if it will pay out $1,500,000 per year forever, with the first payment in 3 years, and at an interest rate of 4%? A $34,670,857.99 B) s20,119,623.58 $36,082,109.26 D $23,113,905.33
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