What is the value of lin annuity

Assignment Help Finance Basics
Reference no: EM131209274

Lin Lowe plans to deposit $1,800 at the end of every 6 months for the next 15 years at 8% interest compounded semiannually. What is the value of Lin's annuity at the end of 15 years?

Reference no: EM131209274

Questions Cloud

What will be the account balance : Bob Bryan made deposits of $10,000 at the end of each quarter to Lion Bank, which pays 8% interest compounded quarterly. After 9 years, Bob made no more deposits. What will be the account's balance 4 years after the last deposit?
What is the difference between a broker and a dealer : Discuss the major function of market makers in securities markets. - What is the difference between a broker and a dealer?
Determine the balances and reconcile with the balances : Journalize the above transactions. Open the customer's and supplier's cards - Post to T accounts the accounts receivable and accounts payable entries.
How much of your income must be saved when workin : If you work for 30 years and wish to retire for 15 years on 50 percent of your working income, how much of your income must be saved when working? (Assume that the interest rate and income when working are constant, and that there are no taxes.)
What is the value of lin annuity : Lin Lowe plans to deposit $1,800 at the end of every 6 months for the next 15 years at 8% interest compounded semiannually. What is the value of Lin's annuity at the end of 15 years?
Find what is the products contribution margin : What is product's contribution margin? What is the product's CM ratio? The president expects sales to increase by 25% this year. If sales do increase by 25%, how much could fixed costs increase and still maintain net operating income of $12,000?
Graduation from law school : On Abby Ellen's graduation from law school, Abby's uncle, Bull Brady, promised her a gift of $24,000 or $2,400 every quarter for the next 4 years after graduating from law school.
Explain the concept of pension system : ‘‘The operation of a pay-as-you-go pension system is like a hotel with an infinite number of rooms: the hotel can never be full, since a vacancy can be obtained by making all occupants move along one room. Both are theoretical constructs, and neit..
Develop a plan that you will use to help you stay on track : You should now have a solid understanding of the tools and techniques that can be used in managing your time as a graduate student. Your assignment this week is to develop a plan that you will use to help you stay on track throughout the week. You..

Reviews

Write a Review

Finance Basics Questions & Answers

  What is a lower bound for the price of a four month call

What is a lower bound for the price of a four month call option on a non-dividend-paying stock when the stock price is $28, the strike price is $25, and the risk-free interest rate is 8% per annum?

  Rucci inc is considering a project that would require an

rucci inc. is considering a project that would require an initial investment of 462000 and would have a useful life of

  Rank projects using payback period which looks best and why

a firm is considering the following three investment projects. the firm doesnt want to make any investment that takes

  Calculate investor realized percentage holding period return

An investor bought hundred shares of Venus Corporation stock 1 year for 40 share. She just sold the shares for 44 each and during the year she received four quarterly dividend checks for $40 each.

  What is the time value of the call option

An option on a stock has the following data: S = $60.36; E = $60; r = 1.75%; T = 18 days; std dev = 0.674 (i.e. 67.4%); market price of call = $3.50.

  A choice between depreciation methods

A choice between depreciation methods, whose advice should you follow?

  What is their excluded gain how much must they recognize

What is their excluded gain? How much must they recognize? Suppose, instead, that the Masons sold their home for $720,000. They moved into a smaller house costing $220,000. What is their excluded gain?

  What are the payments for the interest-onty loan?

Prepare an amortization table for the first sloe months of the traditional 30-year mortgage. How much of the first payment goes toward principal?

  Should we have rules-based ethics standards

Should we have rules-based ethics standards? Why or why not? Should they tell you exactly what to do in specific ethical situations?

  Estimate of the after-tax cost of debt

The noncallable $1,000 par value, 20-year, 7.25% bonds with semiannual payments are selling for $875. The firm's tax rate is 40%.

  The manager of an oil change center notices that there is

the manager of an oil change center notices that there is an average of eight cars in line outside the center at any

  How does a firm''s dividend policy affect each

How does a firm's dividend policy affect each of the following? a. The value of its long-term warrants. b. The likelihood that its convertible bonds will be converted. c. The likelihood that its warrants will be exercised.

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