What is the present value of a 3-year annuity

Assignment Help Finance Basics
Reference no: EM132481666

a. What is the present value of a 3-year annuity of $300 if the discount rate is 7%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

b. What is the present value of the annuity in (a) if you have to wait an additional year for the first payment? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Reference no: EM132481666

Questions Cloud

Define sociology and sociological research : Define Sociology and Sociological Research, Stratification: Social Class & Global Inequality, Health, environment, social change & global community
What payment gives you the highest present value : You can choose to receive a $1,000 payment in 2 years, 5 years or 8 years. What payment gives you the highest present value?
Net present value of the investment in the furnace : What is the net present value of the investment in the furnace? (Do not round intermediate calculations. Round your answer to the nearest whole dollar.)
How the culture tends to align with differences in culture : How the culture tends to align with the differences in culture that were discussed in the lecture (individualist v. collectivist, masculine v. feminine)
What is the present value of a 3-year annuity : What is the present value of a 3-year annuity of $300 if the discount rate is 7%? (Do not round intermediate calculations. Round your answer to 2 decimal places
Describe the unique impact or different rates of the problem : Based on your research, briefly describe 2 to 3 mechanisms to increase the cultural relevance of a prevention program with the identified population.
What is project npv-bottoms up diaper service : Bottoms Up Diaper Service is considering the purchase of a new industrial washer. It can purchase the washer for $1,800 and sell its old washer for $600.
Define professionalism and the professional values : Personally, define professionalism and the professional values (social justice, altruism, human dignity, autonomy, accountability, and integrity).
Withdraw every year for 20 years retirement : What annual fixed amount will you be able to withdraw every year for 20 years following retirement? (Assume you continue to earn 6 percent per year)

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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