Annuity that had an interest rate

Assignment Help Financial Management

Reference no: EM131595843

Melanie purchased an annuity that had an interest rate of 3.00% compounded semi-annually. It provided her with payments of $2,500 at the end of every month for 3 years. If the annuity was deferred for 4 years, how much did she pay for it?

Reference no: EM131595843

Questions Cloud

Calculate the cost of leasing the equipment : Calculate the cost of purchasing the equipment with debt. Calculate the cost of leasing the equipment.

What was the size of the investment in the fund : What was the size of the investment in the fund if it was earning 5.50% compounded semi-annually?

Andrew invested his savings in bank : Andrew invested his savings in a bank at 5.25% compounded monthly. if the withdrawals were deferred for 11 years?

What will be the size of the monthly payments : The Alavis have decided to invest in a college fund for their young son. what will be the size of the monthly payments?

Annuity that had an interest rate : Melanie purchased an annuity that had an interest rate of 3.00% compounded semi-annually. If the annuity was deferred for 4 years, how much did she pay for it?

How much would business have to invest in fund : How much would a business have to invest in a fund to receive $12,000 at the end of every month for 7 years?

Borrower pays of the mortgage is fixed rate mortgage : Inflation reduces the real interest rate a borrower pays of the mortgage is a fixed rate mortgage.

Lower mortgage rates translate into lower monthly payments : Lower mortgage rates translate into lower monthly payments for mortgagors.

The market for trading newly issued securities : Which financial market role gives investors the opportunity to hedge their risk of loss? The market for trading newly issued securities is known as the:

User Account

All Pages