The present value of an ordinary annuities, where annuity payment is $ 950 , the frequency of payment is 1 year, the time duration is 8 years, the nominal rate of return is 2.9 % and interest is compounded annually.

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Answer 1

Question

Chapter 12.II, Problem 19RE

To determine

To calculate: The present value of an ordinary annuities, where annuity payment is $950, the frequency of payment is 1 year, the time duration is 8 years, the nominal rate of return is 2.9% and interest is compounded annually.

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Answer 2

Question

Chapter 12.II, Problem 19RE

To determine

To calculate: The present value of an ordinary annuities, where annuity payment is $950, the frequency of payment is 1 year, the time duration is 8 years, the nominal rate of return is 2.9% and interest is compounded annually.

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Answer 3

Question

Chapter 12.II, Problem 19RE

To determine

To calculate: The present value of an ordinary annuities, where annuity payment is $950, the frequency of payment is 1 year, the time duration is 8 years, the nominal rate of return is 2.9% and interest is compounded annually.

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Answer 4

Question

Chapter 12.II, Problem 19RE

To determine

To calculate: The present value of an ordinary annuities, where annuity payment is $950, the frequency of payment is 1 year, the time duration is 8 years, the nominal rate of return is 2.9% and interest is compounded annually.

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Answer 5

Chapter 12.II, Problem 19RE

To determine

To calculate: The present value of an ordinary annuities, where annuity payment is $950, the frequency of payment is 1 year, the time duration is 8 years, the nominal rate of return is 2.9% and interest is compounded annually.

Answer 6

Chapter 12.II, Problem 19RE

To determine

To calculate: The present value of an ordinary annuities, where annuity payment is $950, the frequency of payment is 1 year, the time duration is 8 years, the nominal rate of return is 2.9% and interest is compounded annually.

Answer 7

Chapter 12.II, Problem 19RE

To determine

To calculate: The present value of an ordinary annuities, where annuity payment is $950, the frequency of payment is 1 year, the time duration is 8 years, the nominal rate of return is 2.9% and interest is compounded annually.

Answer 8

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Answer 9

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Answer 10

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Answer 11

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The present value of an ordinary annuities, where annuity payment is $ 950 , the frequency of payment is 1 year, the time duration is 8 years, the nominal rate of return is 2.9 % and interest is compounded annually.

Solution Summary: The author calculates the present value of an ordinary annuity, which is 6,696.93.

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To calculate: The present value of an ordinary annuities, where annuity payment is $950, the frequency of payment is 1 year, the time duration is 8 years, the nominal rate of return is 2.9% and interest is compounded annually.

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