Present value of funding annuity

Assignment Help Finance Basics

Reference no: EM1330137

Determine the annual payment required to fund a future annual annuity of $12,000 per year. You will fund this future liability over the next five years, with the first payment to occur one year from today. The future $12,000 liability will last for four years, with the first payment to occur seven years from today. If you can earn 8 percent on this account, how much will you have to deposit each year over the next five years to fund the future liability?

Reference no: EM1330137

Questions Cloud

Make gui application that a clerk can use to choose services : Create a GUI application that a clerk can use to select services and that will total and display the charge for a customer's visit to the Automobile Maintenance Service.

Illustrate what is the cost of the same basket of goods : Illustrate what is the cost of the same basket of goods and services in 2005.

Write down a method definition to count : Write down a class declaration for a student that has String first, last, and middle names as data fields. Declare only the data members and a no-arg constructor.

Define transfer payments : Define transfer payments and give an example. Explain why transfer payments are not included in of gross domestic product (GDP).

Present value of funding annuity : Find out the annual payment required to fund the future annual annuity of $12,000 per year. You will fund this future liability over the upcoming five years, with the first payment to take place one year from today.

Assume the situations faced by the subsiquent individuals : Assume the situations faced by the subsiquent individuals. Who gains and who loses.

Explain mobile computing : Explain Mobile Computing and explain the differences between fixed computing and mobile computing

Leadership lessons from book imagin-i-zation : What leadership lessons are implied in the following passage from the book, Imagin-i-zation.

Suppose that the economy is initially at potential output : Utilizing an AD-AS diagram suppose that the economy is initially at potential output

Reviews

Write a Review

Required(*) Message

Finance Basics Questions & Answers

Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages