The present value of annuity

Assignment Help Mathematics
Reference no: EM13689841

The present value of annuity is = Monthly payment*[1-1/(1+r)n]/r
= [($5000)/0.25%] × [1-1/(1+0.25%)240].
= $901554.6.
Break this down for me please as i am calculating and still cant come up with $901554.6

Reference no: EM13689841

Questions Cloud

How much interest will refinancing save : How much interest will refinancing save
The nearest dollar : How much (to the nearest dollar) will they receive?
A candidate is the winner of an election : 1. If a candidate is the winner of an election and in a second election one or more of the other candidates is removed, the previous winner should still be the winner. This criterion is called the ______ method.
How many total payments : How many total payments will she have to make to pay off the loan?
The present value of annuity : The present value of annuity
Interviewed for several job opportunities : Interviewed for several job opportunities
Megs pension plan is an annuity with a guaranteed return : Megs pension plan is an annuity with a guaranteed return
An oil-gas mixture : The engine in Paul's weed whacker uses an oil-gas mixture
Find what is the weight of the barge and its cargo : A barge is 15.0 m wide and 75.0 m long and has vertical sides. What is the weight of the barge and its cargo

Reviews

Write a Review

Mathematics Questions & Answers

  Find the pair of compound inequalities

Show the solution sets written algebraically and as a union or intersection of intervals. Describe in words what the solution sets mean, and then display a simple line graph for each solution set as demonstrated

  Find the length of the other leg

A right triangle has one leg that is twice as long as the other leg. The hypotenuse is 2 square root 5 inches. Find the length of the other leg.

  Write a function that models the data

write a function that models the data. Let the years be represented by x, where x = 0 represents 1965, x = 5 represents 1970, and so on.

  Find the slope of an object

In this module's discussion, find the slope of an object either where you live, where you work, or outside somewhere. Examples might include a ladder positioned against a wall or against a house, a banister on a set of stairs, a slide in a park, e..

  State what is the angle of the crow''s flight path

It then flies straight through the air to the top of the tree. What is the angle of the crow's flight path relative to the ground

  Carry out literature survey on self-adjusting data

perform a literature survey on self-adjusting data structures. you may start with a recent paper and fully understand

  Depict some typical supply curve

some appropriate equilibrium price. Label the horizontal axis as x and the vertical as p. Shade in the area which represents the producer's surplus.

  Find probability that number who consider themselves

51 of men consider themselves professional baseball fans. you randomly select 10 men and ask each if he considers

  Determining derivative approximation

Approximate the derivative of y=x^3 at x=2 by assuming delta x = 0.001 and determining the corresponding change delta y. Compare the approximate value with the exact value.

  What is the future value of dewey investment

Bob Bryan made deposit of $10,000 at the end of each quarter to Lion Bank, which pay 89% interest compounded quarterly. What will be the amount's balance 4 years after the last deposit?

  Find the height of the tree

a tree on a hillside casts a shadow 209 ft down a hill. If the angle of incline of the hillside is 22 to the horizontal and the angle of elevation of the sun is 54, find the height of the tree.

  What further interval of time the smaller mass comes

Two masses of 14 kg and 7 kg are connected by a light inextensible string passing over a pulley and the system starts from rest and moves for 3 sec, when the string breaks.Find after what further interval of time the smaller mass comes to its orig..

Free Assignment Quote

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd