Find the present value of this annuity

Reference no: EM13178674

Consider an annuity-immediate with monthly payments for twenty years. The payments are level in the course of each year, then increase by 2% for the next year. Find the present value of this annuity if the initial payment is $1, 000 and i = 4%.

Reference no: EM13178674

Questions Cloud

Compute the first derivative of the function of the ph : the pH of the solution is 9.15. After adding 16.55 mL of hydrochloric acid to your sample, the pH is 8.78. Calculate the first derivative of the function of the pH of your solution with respect to the volume of titrant added

Analysis of the business risk of the company : Analysis of the business risk of the company and analysis of the systematic risk of the company over the last 5 years.

Compute the ph of the solution at the second equivalence : The second equivalence point was reached after 35.75mL of 0.1005 M hydrochloric acid was added to a 50.00 mL solution containing your sodium carbonate unknown., calculate the pH of the solution at the second equivalence point

What price should be charged for the bundle? : At a student café, there are equal numbers of two types of customers with the following values. The café owner cannot distinguish between the two types of students because many students without early classes arrive early anyway (i.e., she cannot p..

Find the present value of this annuity : Consider an annuity-immediate with monthly payments for twenty years. The payments are level in the course of each year, then increase by 2% for the next year. Find the present value of this annuity if the initial payment is $1, 000 and i = 4%.

Interpretation of good life-analysis of ethical relativism : For your final assignment, you will be writing a paper regarding your interpretation of the "Good Life" and a critical analysis of ethical relativism. Base your interpretation for both requirements on Plato's Republic and Frankl's Mans Search for Mea..

Determine if patients recovering from knee surgery : Suppose p3 represents the proportion of patients who showed improvement after one month of therapy three times a week and p2 represents the proportion of patients who showed improvement after one month of therapy twice a week. A 95% confidence int..

Provide the minimum requirements at the least cost : Mr. Smith feels that each day his dog should have at least 8 units of protein, 5 units of carbohydrates, and 16 units of fat. How many cans of each dog food should he give to his dog each day to provide the minimum requirements at the least cost?

What are the rate and minimum distance for this code : What are the rate and minimum distance for this code?

User Account

All Pages