Calculate the present value of the annuity

Assignment Help Financial Management

Reference no: EM131913231

A 15-year annuity pays $1,550 per month, and payments are made at the end of each month.

If the interest rate is 9 percent compounded monthly for the first eight years, and 7 percent compounded monthly thereafter, what is the present value of the annuity?

Reference no: EM131913231

Questions Cloud

Learned from marketing research : If you think that a business is marketing to you, what information do you think that they learned from marketing research?

Balance sheet and the income statement : What balance sheet account provides the link between the balance sheet and the income statement? Briefly describe how this linkage works.

What rate of return did the original purchaser actually earn : A 15 year bond has a face value of $50000 and semi-annual coupons of $1250. find the purchase price if the buyer's annual rate of return is 0.054.

What is the future value of an annuity factor : If you deposit $9165 at the end of each of the next 8 years into an account paying 9 percent interest, what is the Future Value of an Annuity Factor?

Calculate the present value of the annuity : If the interest rate is 9 percent compounded monthly for the first eight years, and 7 percent compounded monthly thereafter.

Calculate the number of order placed per year : i. Calculate the EOQ? ii. Calculate the number of order placed per year? iii. Calculate the average daily demand.

Calculate the western divisions roi after acquisition : Calculate the Western Division's ROI after acquisition of competitor but before upgrading. Compute the ROI of the competitor as it is now.

What is this stock worth today : Beaksley, Inc. is a very cyclical type of business that is reflected in its dividend policy. The firm pays a $2.00 a share dividend every other year.

What is the bonds nominal yield to maturity : What is the bond's nominal yield to maturity? What is the bond's nominal yield to call?

User Account

All Pages