What is the present value of the annuity

Assignment Help Finance Basics
Reference no: EM131387677

What is the present value of the following annuity? $3,401 every half year at the end of the period for the next 9 years, discounted back to the present at 12.92 percent per year, compounded semi- annually.

Round answer to two decimal places.

Reference no: EM131387677

Questions Cloud

Write minimum sum-of-products and product-of-sums equations : Complete the following minterm/maxterm equations, and then write minimum Sum-of-Products (SOP) and Product-of-Sums (POS) equations for the logic system shown in the truth table.
Excise tax is levied on the buyers of a good : Suppose the demand for a product is given by P= 30 - 3Q. Also, the supply is given by P= 10 + Q. If a $4 per unit excise tax is levied on the buyers of a good, after the tax, the total amount of tax paid by the producers is.
Nuremberg trails impact research with human subjects : How did the Nuremberg Trails impact research with human subjects? How did the NUREMBERG TRAILS impact and influence human studies and using human subjects in research?
Briefly discuss the main points and evidence : Discussion - Evaluate the assigned readings. Be sure to include the following: Briefly discuss the main points and evidence presented from each article. What conclusions did the author's reach in their respective articles
What is the present value of the annuity : What is the present value of the following annuity? $3,401 every half year at the end of the period for the next 9 years, discounted back to the present at 12.92 percent per year, compounded semi- annually.
Draw a schematic using logic gates : Is it possible to write a state diagram with a small number of states to describe the behavior of this finite state machine? Does your state diagram need to track all possible sequences of 9 bits?
What price maximizes profits : You are considering selling your house. Your reservation value is $100,000. Your real-estate agent tells you that there is a 0.4 chance a random buyer will pay $150,000, a 0.25 chance the buyer will pay $200,000, a 0.1 chance the buyer will pay $250,..
Can puff recover under this contract : Puff brought an action for breach of the paving contract against the Smooth Paving Company to recover damages for the loss of his house. Can Puff recover under this contract? Explain.
Find the consumer and producer surplus under the monopoly : Market demand for a product is given by P=700 – 10Q. Marginal cost is given by MC = 200. Find the equilibrium price and quantity if the market is competitive. Find the consumer and producer surplus. Find the price and quantity under monopoly. Find th..

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