User Account

All Pages

What is the length of the annuity time period

Assignment Help Finance Basics
Reference no: EM131873856

Can someone please explain how to do these. (NOT with excel)

  1. On your ninth birthday, you received $300 which you invested at 4.5 percent interest, compounded annually. Your investment is now worth $756. How old are you today? 
  2. You are scheduled to receive annual payments of $3,600 for each of the next 12 years. The discount rate is 8 percent. What is the difference in the present value if you receive these payments at the beginning of each year rather than at the end of each year? 
  3. Trish receives $450 on the first of each month. Josh receives $450 on the last day of each month. Both Trish and Josh will receive payments for next four years. At a discount rate of 9.5 percent, what is the difference in the present value of these two sets of payments? 
  4. You are considering an annuity that costs $160,000 today. The annuity pays $17,500 a year at an annual interest rate of 7.5 percent. What is the length of the annuity time period?

Reference no: EM131873856

Questions Cloud

Why do actors and actresses earn so much compared : What are trends in the labor market for the chosen labor group that you can identify for the last 10 years? Please provide the retrieved statistics.
What are the tax consequences to terry : Terry owns real estate with an adjusted basis of 600,000 and a fair market value of 1.1 million. What are the tax consequences to Terry
Debt and equity in computing the WACC for acquisition : What weights should Templeton use for debt and equity in computing the WACC for this? acquisition?
What is the yield-to-maturity : If the bonds are currently selling for $774, what is the yield-to-maturity on them? (When calculating out I get 11.57%; but when using Rate function
What is the length of the annuity time period : The annuity pays $17,500 a year at an annual interest rate of 7.5 percent. What is the length of the annuity time period?
Prepare a statement of retained earnings for the year ended : Context Corporation reports the following components of stockholders' equity on December 31, 2011. Prepare a statement of retained earnings for the year ended
Value of option to not drill when price of oil is too low : what is the value of the option to not drill when the price of oil is too low.
Describe how consumers make economic decisions : Use the theory of consumer choice and the impact of the concepts of asymmetric information, political economy, and behavior economics.
What is the present value of the award : If the rate of return you choose is an 8% APR, what is the present value of the award? As a plaintiff, would you like a higher or lower rate of return?

Reviews

Write a Review

Finance Basics Questions & Answers

  Merton enterprises has bonds on the market making annual

merton enterprises has bonds on the market making annual payments with 14 years to maturity and selling for 972. at

  Determine interest expense

Little Books Corporation recently reported $3 million dollars of net income. Its EBIT was 6 million dollars, and its tax rate was 40 percent. Determine its interest expense?

  What was the closing price for the given stock yesterday

Stock Quotations You found the following stock quote for DRK Enterprises, Inc. What was the closing price for this stock yesterday? Howmany round lots of stock were traded yesterday?

  What is the jit inventory management

What is the JIT inventory management? What type of costs are minimized with JIT control? In order to use JIT, is it better to have high ordering costs or low? Why?

  Annual rate of change in the price

Today the average price of a house is 244,329 what was the average annual rate of change in the price of houses over this time period?

  What is its break-even point in units and dollars

The Limited is planning a new line of jackets for fall. It plans to sell the jackets for $100. It is having the jackets produced in the Dominican Republic.

  Assume that the fixed expenses assigned to each department

making dropping a product and product-mix decisionsnbsp deela fashions operates three departments mens womens and

  What should the japanese prime rate be

What should the Japanese prime rate be? According to the forward parity, by how much should the dollar change in value during the next year?

  Question based on taxation and stock

Sarah owns 45 percent of stock in a C company that had a profit of 260,000$ in 2011. Kevin owns a 45 percent interest in a partnership that had a benefit of 260,000$ during the year. Find the income for Kevin and Sarah report for 2011.

  A firm issued 5 year 6 annual coupon bonds 3 years ago the

a firm issued 5 year 6 annual coupon bonds 3 years ago. the bonds now have 2 years left to maturity and this years

  Why banks interested in underwriting corporate debt issues

Given the higher capital requirements now imposed on them, why might banks be even more interested in underwriting corporate debt issues?

  Yu covered short sale by buying stock at price of 15 per

on january 1 you sold short one round lot that is 100 shares of lowes stock at 21 per share. on march 1 a dividend of

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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