What interest rate is that investor receiving

Assignment Help Finance Basics

Reference no: EM13295605

If an investor were to purchase an annuity for $3,200 to receive $260 at the end of each year for 16 years, what interest rate is that investor receiving?

Reference no: EM13295605

Questions Cloud

Explain the boiling points of pure benzene : Include on the graph the boiling points of pure benzene and pure methanol and the boiling point of the azeotrope. Describe the behavior for a mixture that is initially rich in Benene (90%) and then for a mixture that is initially rich in methanol ..

How much are the monthly loan payments : She will have to borrow $3,650 in order to make the trade. The bank provides a loan that must be paid off in 18 months. The loan charges interest at the rate of .5% per month. How much are the monthly loan payments?

Calculate the impulse of ideal filter with cut-off frequency : calculate the impulse of an ideal filter with cut-off frequency of a)2KHz, and b)3KHz for a signal sampled with a rate 8000 samples/sec.

Calculate the max static friction force that acts on block : a block with a mass of 2.50kg is resting on a ramp. find the max static friction force that acts on the block.

What interest rate is that investor receiving : If an investor were to purchase an annuity for $3,200 to receive $260 at the end of each year for 16 years, what interest rate is that investor receiving?

Explain the boiling point of cyclohexene : Why is the boiling point of a cyclohexene and water mixture less than 83 degrees, the boiling point of cyclohexene

Find what is the expression for the threshold value : In a binary communication system over an additive white Gaussian noise channel, two messages represented by antipodal signals andare transmitted. The probabilities of the two messages arep and 1-p, respectively

What is the real value of the lottery : The State of Michigan is not going to make any interest payments and will instead provide Ike with 20 payments of $90,000. What is the real value of the lottery if Ike thinks that the appropriate discount rate is 3.8%?

Obtain the magnetic field strength at the center of the coil : A piece of copper wire has a resistance per unit length of6.1510-3?/m. Find the magnetic field strength at the center of the coil

User Account

All Pages