Find the amount of the ordinary annuity

Assignment Help Financial Management

Reference no: EM13768915

Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.)

$1900/semiannual period for 7 years at 2.5%/year compounded semiannually

Reference no: EM13768915

Questions Cloud

Cost of production-vs-the selling price : Find and describe 2 non-durable goods and 2 durable goods. Your explanation should include talking about the materials that are used, the intended use of the product, and how long it is supposed to last which includes explaining why each material ..

Assuming he makes no withdrawals during that period : If Jackson deposits $90 at the end of each month in a savings account earning interest at a rate of 3%/year compounded monthly, how much will he have on deposit in his savings account at the end of 5 years, assuming he makes no withdrawals during tha..

Describe is contract rescission a potential remedy : What is the likelihood that the daughter's suit will succeed? State your reasons. Is contract rescission a potential remedy? Why or why not? Is an award of monetary damages an adequate remedy? Why or why not

Approximate the probability that three cards of the same : Cards in a well shuffled deck will be turned over one at a time until the entire deck has been revealed. Approximate the probability that two cards of the same rank (e.g. two sevens or two queens) will be turned over sequentially (e.g. the jack of he..

Find the amount of the ordinary annuity : Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $1900/semi annual period for 7 years at 2.5%/year compounded semi annually

How can ec offenders shed the exconvict status? : The average citizen. the ex convict is an individual of the questionable character. How can ec offenders shed the exconvict status? Should they be allowed to shed it? Why or why not

What are the projects annual cash flows : You must evaluate a proposed spectrometer for the R&D department. The base price is $110,000, and it would cost another $27,500 to modify the equipment for special use by the firm. What are the project's annual cash flows in Years 1, 2, and 3? Round ..

Importance of legal and ethical guidelines : Explain the importance of legal and ethical guidelines for the police department - impact the police department as a whole- Explain in detail.

Equipments after-tax salvage value : Kennedy Air Services is now in the final year of a project. The equipment originally cost $29 million, of which 90% has been depreciated. Kennedy can sell the used equipment today for $7.25 million, and its tax rate is 30%. What is the equipment's af..

User Account

All Pages