Using the annuity table, complete the following. (Use Iable 13.2.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Payment amount end of Frequency of payment Interest Length of time PV of Annuity each period rate 24 1,330 Annually 8 years 8 %
Using the annuity table, complete the following. (Use Iable 13.2.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Payment amount end of Frequency of payment Interest Length of time PV of Annuity each period rate 24 1,330 Annually 8 years 8 %
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Transcribed Image Text:Using the annuity table, complete the following. (Use Table 13.2.) (Do not round intermediate calculations. Round your answer to the
nearest cent.)
Interest
Payment amount end of Frequency of
payment
Length of time
PV of Annuity
each period
rate
1,330
Annually
8 years
8%
acer
%24
Transcribed Image Text:TABLE
13-2
Present value of an annuity of $1
Perlod
2%
3%
4%
5%
6%
7%
8%
9%
10% 11%
12%
13%
0,9804
0.9709
09615
0.9524
0.9434
0.9259
09174
0.9091 0.9009
0.8929
0.8850
2.
19416
19135
1.8861
1.8594 1.8334
18080
1.7833
1.7355 1.7125
2.5313 2.4869 2.4437 2.4018
3.2397 3.1699 3.1024 3.0373 2.9745
3.8897 3.7908 3.6959
4.4859 4.3553 4.2305 4.1114
5.0330 4.8684 47122 4.5638
5.5348 5.3349 5.1461
5.9952 5.7590 5.5370 5.3282 5.1317
6.1446 5.8892
6.4951 6.2065
1.7591
1.6901
1.6681
2.8839
2.8286
2.7751 2.7232
2.6730
2.6243
2.5771
2.3612
3.8077
3.7171.
3.6299
3.4651 3.3872
3.3121
5.
4.7134
4.5797
4.4518 4.3295 42124
4.1002
3.9927
3.6048
3.5172
9.
5.6014
5.4172
5.2421
5.0757
4.9173
4.7665
4.6229
3.9975
6.4720
6.2303
6.0021
5.7864
5.5824
5.3893 5.2064
59713 5.7466
6.8017 65152 6.2469
7.0236 67101
7.4987 7.1390
8.3838 7.9427 7.5361
4.4226
7.3255
7.0197
6.7327
6.4632
6.2098
4.9676
4.7988
6.
8.1622
7.7861
7.4353 7.1078
10
8.9826
8.5302
8.1109 7.7217
7.3601
6.4177
5.6502
5.9377
5.4262
11
9.7868
9.2526
8.7605 8.3064
7.8869
6.8052
5.6869
12
10.5753
9.9540
9.3851
8.8632
7.1607
6.8137
6.4924
7.1034 6.7499
6.1944
5.9176
13
11.3483
106350
9.9856 9.3936
8.8527
8.3576 7.9038
7.4869
6.4235
6.1218
14
12.1062
11.2961
10.5631
9.8986
9.2950
8.7455 8.2442 7.7862 73667
6.9819
6.6282 6.3025
15
12.8492
11.9379
11.1184 10.3796
9.7122 9.1079
8.0607 7.6061 7.1909
8.3126 78237
8.5595
6.8109
6.4624
16
13.5777
12.5611
11.6523 10.8378
10.1059
9.4466 8.8514
7.3792
6.9740
6.6039
17
14.2918
13.1661
12.1657 11.2741 10.4773 97632
9.1216 8.5436 8.0216
7.5488
7.1196
67291
18
14.9920
13.7535
12.6593 11.6896 10.8276 10.0591
13.1339 12.0853 11.1581
8.7556 8.2014
7.7016
72497
6.8399
19
15.6784
14.3238
9.6036
13.5903 124622 11.4699 105940 9.8181
8.9501
8.3649
9.1285 8.5136
7.8393
7.3658
20
16.3514
14.8775
7.9633 7.4694
8.4217 7.8431
7.0248
25
19.5234
17.4131
15.6221
14.0939
12.7834 116536
10.6748
9.8226 9.0770
7.3300
30
22.3964
19.6004
17.2920
15.3724
13.7648
12.4090
11.2578
13.3317 119246
18.2559 15.7619 13.8007 12.2335
10.2737
9.4269
8.0552
7.4957
40
27.3554
23.1148
19.7928
17.1591
150463
10.7574
9.7790
7.6344
50
31.4236
25.7298 214822
10.9617
9.9148 9.0417 8.3045
7.6752
4)
6 7 8
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education