What is present value of the annuity

Assignment Help Financial Management

Reference no: EM13848199

What is the present value of the following annuity? $1,021 every half year at the beginning of the period for the next six years, discounted back to the present at 8.93 percent per year, compounded semi annually? Round the answer to two decimal places. Please show work.

Reference no: EM13848199

Questions Cloud

What is present value of the savings : Your company will generate $60,000 in annual revenue each year for the next seven years from a new information database. If the appropriate interest rate is 8.50 percent, what is the present value of the savings?

Invest today in order to have retirement annuity : Hadley wants to retire in 15 years, and he wants to have an annuity of $50,000 a year for 10 years after retirement. Hadley wants to receive the first annuity payment the day he retires. Using an interest rate of 8%, how much must Hadley invest today..

Describe the social or economic justice issue : Describe the social or economic justice issue in the case study, explaining how this issue influences the subject(s) of the case study. Identify at least two strategies you could use to address the issue when you encounter it among clients

Evaluation team with enough information : The aim of this activity is to provide the evaluation team with enough information as to determine if the topic chosen is both appropriate and doable.

What is present value of the annuity : What is the present value of the following annuity? $1,021 every half year at the beginning of the period for the next six years, discounted back to the present at 8.93 percent per year, compounded semi annually?

What is the total reportable gross income from all sources : The Sandler family consists of two married adults, and two teenagers. Mr. and Mrs. Sandler will file their IRS return as a joint return. What is the total reportable gross income from all sources? After they put $5600 into qualified retirement plan a..

Issue of state of hawaii general obligation bonds : Examine the tombstone announcing the issue of State of Hawaii general obligation bonds (page 5). All of these bonds are being issued in 1983. However, their maturities vary from 3 years to 20 years. All bonds pay interest semi-annually. What is the y..

Calculate the one-year holding-period return on GT stock : You are researching GT inc stock. You have assembled the following information and assumptions. State whether GT shares are overhauled, fairly valued, or undervalued, based on your forecast. Calculate the one-year holding-period return on GT stock. C..

What stressors exist in the case study : What stressors exist in the case study? Consider stressors related to family, occupation, and health. How is stress measured? What are the psychological, biological, and social coping resources that can be used to decrease stress

User Account

All Pages