Value of the annuity four years

Reference no: EM1391618

A 40 year annuity due has level annual payments of $1000 except for the m-th payment which is $2000. When using an annual effective interest rate of 5%, the value of the annuity four years after the first payment is $22,722.53 Find M.

Reference no: EM1391618

Questions Cloud

Define at least three measurements of oproductivity : define at least three measurements of oproductivity for the chain and calculate each store's productivity for each measurement that you developed.

What is the accumulated value : What is the accumulated value at t = 30 of a 30 year ordinary annuity that has the first of its annual payments equal to $1000 and subsequent payments increasing by 2% through the 10th payment and equal to $1500 for all the remaining payments? Use..

Explain brief explanation of artwork of mona lisa : Do you believe original painting has been improved or diminished by this change in status? Describe how and give suitable examples from \ internet.

State one strategy you think jetblue should adopt : Based on what you have learned in this course, state one strategy you think JetBlue should adopt over the next three years

Value of the annuity four years : A 40 year annuity due has level annual payments of $1000 except for the m-th payment which is $2000. When using an annual effective interest rate of 5%, the value of the annuity four years after the first payment is $22,722.53 Find M.

Experimental varieties of strawberry : 2-experimental varieties of strawberry are produced by crossing a hexaploid line that contains 48 chromosomes and a tetraploid line that contains thirty-two chromosomes.

What is the eoq : What is the EOQ? What are the total annual costs of holding and ordering (managing) this inventory? How many orders should Discount-Mart place with Specialty Lighting per year?

Normally distributed with a mean : The amount of time the university professors devote to their jobs per week is normally distributed with a mean of 52 hours and a standard deviation of 6 hours.

Which organizational model explains organization : Which organizational model best explains your organization or organization with which you are familiar?

User Account

All Pages