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What is the present value of an ordinary annuity with annual payments of $670 at 8% annual interest for 25 years? Click the icon to view the table. The present value of an ordinary annuity is $ (Round to the nearest cent as needed.) Data table Periods 2% 1 2 3 4 5% 6% 7% 8% 9% 3% 4% 10% 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 1.942 1.913 1.886 1.859 1.833 1.808 1.783 1.759 1.736 2.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 4.713 4.580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 5 6 7 8

What is the present value of an ordinary annuity with annual payments of $670 at 8% annual interest for 25 years? Click the icon to view the table. The present value of an ordinary annuity is $ (Round to the nearest cent as needed.) Data table Periods 2% 1 2 3 4 5% 6% 7% 8% 9% 3% 4% 10% 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 1.942 1.913 1.886 1.859 1.833 1.808 1.783 1.759 1.736 2.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 4.713 4.580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 5 6 7 8

Essentials Of Investments
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
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16 17 18 19 15 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.824 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 8.022 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.201 15.678 14.324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.129 8.514 19.523 17.413 15.622 14.094 12.783 11.654 10.675 9.823 9.077 22.396 19.600 17.292 15.372 13.765 12.409 11.258 10.274 9.427 27.355 23.115 19.793 17.159 15.046 13.332 11.925 10.757 9.779 31.424 25.730 21.482 18.256 15.762 13.801 12.233 10.962 9.915 20 25 30 40 50
Transcribed Image Text:16 17 18 19 15 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.824 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 8.022 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.201 15.678 14.324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.129 8.514 19.523 17.413 15.622 14.094 12.783 11.654 10.675 9.823 9.077 22.396 19.600 17.292 15.372 13.765 12.409 11.258 10.274 9.427 27.355 23.115 19.793 17.159 15.046 13.332 11.925 10.757 9.779 31.424 25.730 21.482 18.256 15.762 13.801 12.233 10.962 9.915 20 25 30 40 50
What is the present value of an ordinary annuity with annual payments of $670 at 8% annual interest for 25 years? Click the icon to view the table. The present value of an ordinary annuity is $ (Round to the nearest cent as needed.) Data table Periods 2% 1 2 3 4 5 6 7 8 3% 4% 5% 6% 7% 8% 9% 10% 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 1.942 1.913 1.886 1.859 1.833 1.808 1.783 1.759 1.736 2.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 4.713 4.580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.161 6.814 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 9 10 11 12 13 14
Transcribed Image Text:What is the present value of an ordinary annuity with annual payments of $670 at 8% annual interest for 25 years? Click the icon to view the table. The present value of an ordinary annuity is $ (Round to the nearest cent as needed.) Data table Periods 2% 1 2 3 4 5 6 7 8 3% 4% 5% 6% 7% 8% 9% 10% 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 1.942 1.913 1.886 1.859 1.833 1.808 1.783 1.759 1.736 2.884 2.829 2.775 2.723 2.673 2.624 2.577 2.531 2.487 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 4.713 4.580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.161 6.814 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 9 10 11 12 13 14
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