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Question 7: (1 point) QP4-48 Calculating Present...

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Question 7: (1 point) QP4-48 Calculating Present Values A 5-year annuity of ten $5,500 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. The discount rate is 12 percent compounded monthly. Requirement 1: What is the value of this annuity five years from now? (For each step, you must insert rounded answers as directed in the problem. However, when doing the calculations for the next steps, use the complete number (without rounding) for the calculations. Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16)) Present Value $ ____________ Requirement 2: What is the value three years from now? (For each step, you must insert rounded answers as directed in the problem. However, when doing the calculations for the next steps, use the complete number (without rounding) for the calculations. Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16)) Present Value $ ____________ Requirement 3: What is the current value of the annuity? (For each step, you must insert rounded answers as directed in the problem. However, when doing the calculations for the next steps, use the complete number (without rounding) for the calculations. Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16)) Present Value $ ____________

 

Paper#11829 | Written in 18-Jul-2015

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