What is cash value of this annuity due at the end of year

Assignment Help Financial Management

Reference no: EM13811221

At the beginning of each period for 10 years, Merl Agnes invests $500 semi annually at 6%. What is the cash value of this annuity due at the end of year 10? (Please use the following provided Table.) (Do not round intermediate calculations. Round your answer to the nearest cent.)

Future value $

Reference no: EM13811221

Questions Cloud

Retirement fund consists-calculate your portfolios new beta : Suppose your retirement fund consists of a $7,500 investment in each of 20 (twenty) different common stocks. The portfolio's beta is 1.35. Now, suppose you sell 1 (one) of the stocks with a beta of 1.0 for $7,500 and use the proceeds to buy another s..

Fama-french three-factor model : A financial analyst has modelled the stock of the company using a Fama-French three-factor model. The risk-free rate is 5%; the market return is 10%; the return on the SMB portfolio (rSMB) is 3.8%; and the return on the HML portfolio (rHML) is 4.7%. ..

Total cost for the job on its job cost sheet would be : The following data have been recorded for recently completed Job 323 on its job cost sheet. Direct materials cost was $2,260. A total of 37 direct labor-hours and 141 machine-hours were worked on the job. The direct labor wage rate is $13 per labor-h..

What should be the average sales commission : At a sales volume of 34,500 units, Thoma Corporation's sales commissions (a cost that is variable with respect to sales volume) total $455,400. To the nearest whole cent, what should be the average sales commission per unit at a sales volume of 48,20..

What is cash value of this annuity due at the end of year : At the beginning of each period for 10 years, Merl Agnes invests $500 semi annually at 6%. What is the cash value of this annuity due at the end of year 10?

Calculate rate of return-what was that money receipt : We receive $3,000 per semester and $87,000 in 9 years from the present. What ROR did we attain, if we now invest $4,000? We buy an asset for $20,000. We receive money to the tune of ___ per month.

Discounted dollars in the payback calculation : How many years will it take to payback an investment of $100,000 given annual end-of-year cash flows of: $25,000, $30,000, $35,000, $40,000, $55,000? (Use nominal dollars rather than discounted dollars in the payback calculation.)

Payback on nominal dollars within three years : Should the following project be accepted if the company requires both a payback on discounted cash flows within three years. payback on nominal dollars within three years

Freight-hauling firm estimates-calculate size of payments : A freight-hauling firm estimates that it will need a new forklift in six years. The estimated cost of the vehicle is $40,000. The company sets up a sinking fund that pays 8% compounded semi annually, into which it will make semi annual payments to ac..

User Account

All Pages