What is the pv of an ordinary annuity

Assignment Help Basic Computer Science
Reference no: EM131554532

1. Calculate FV. Jack has $6,000 invested in a bank that pays 3% annually. How long will it take for his funds to double?

2. FV of Annuity. Suppose a friend wants to quit working in order to return to school for an MBA degree 3 years from now, and plans to save $7,800 per year, beginning immediately. Your friend plans to make 3 deposits into an account that pays 3% interest per year. Under these assumptions, how much will your friend have 3 years from today?

3. PV of Annuity. What is the PV of an ordinary annuity with 5 payments of $4,500 at the end of each year if the appropriate interest rate is 5%?

Reference no: EM131554532

Questions Cloud

Compare and contrast late adulthood with early adulthood : compare and contrast late adulthood with early adulthood. How do they differ in terms of biological changes, psychological dynamics, and social involvement?
Annuity situation for retirement : Suppose you want to retire early so you know you must start saving money. Thus, you have decided to save $5,000 at the end of each year
What is the effective annual interest rate : If the interest rate on the loan is? 1.25% per? month, what is the effective annual interest rate?(EAR)?
Research and summarize bowens family system theory : Research and Summarize Bowen's Family System Theory.How can his theory help inform our views about multi-generational family dynamics?
What is the pv of an ordinary annuity : PV of Annuity. What is the PV of an ordinary annuity with 5 payments of $4,500 at the end of each year if the appropriate interest rate is 5%?
Explain the meaning of the given five stages : Explain the meaning of these five stages: the child, the sub-man, the serious man, the passionate man, and the free man.
What is the average accounts payable for app : APP always takes the discount but takes the full 15 days to pay its bills. What is the average accounts payable for APP?
Pick a chronic disease and write a brief introductory paper : Pick one chronic disease and write a brief introductory paper that gives the reader an overview of the disease.
Beginning of the month and after transaction : Compute the acid-test ratio as of the beginning of the month and after each transaction.

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Financial research report

Envision that you are a money related chief looking into speculations for your customer that adjust to its venture objectives. Utilize the Internet or the Strayer Library to scrutinize any U.S. traded on an open market organization that you may th..

  Find the inverse of a and call it matrix x

Define the matrices: A = [12 16 4;23 1 21;9 10 1] and B = [2 7 14;3 11 2;-9 10 12]. Perform matrix multiplication AB. Perform matrix multiplication BA. Are the answers from Parts (a) and (b) the same? If yes, explain why. If not, explain why. Find th..

  Play role with voice communications

How does QoS play role with voice communications and does the internet support QoS or QoS is only supported on dedicated circuits?

  Description of the procedural steps

Describe the steps you took to use each function. Explain when each function would be useful. Submit a copy of original document and amended document you created together with your description of the procedural steps you took (saved as one file).

  Management functions

1. A primary responsibility of any manager is to monitor change. How do managers monitor change? Please be specific. 2. State the six (6) management functions and how each plays a role in a manager's daily routine

  Determine the alias relationships in the combined design

Suppose that the partial fold over of this design is constructed using column A ( + signs only). Determine the alias relationships in the combined design.

  Why is the data type for the postal code field char

In Example 1, why is the data type for the Postal Code field CHAR and not SMALLINT or INTEGER? Is the length of the field long enough? Why or why not?

  Show the application of cookies in a web portal

In HTTP, draw a figure to show the application of cookies in a scenario in which the server uses cookies for advertisement. Use only three sites.

  Digital divide: is technology deepening the economic gap

Digital divide: is technology deepening the economic gap between rich and poor?

  Addressing overall expenditures

Addressing Overall Expenditures in the U.S. Health Care Industry Many people believe that health care in the United States is unaffordable. Do you agree? If so, what can and should be done to address this?

  Find a reported natural disaster that occurred in the past

See if you can determine how the plans helped the officials improve the response to the disaster. How do the plans help the recovery?

  Determine if integer is odd or even

Your output should stand alone, like The value 4 is an even number. Hint: See the remainder (modulo) operator in §3.4.

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