Question

What is the present value of a 6-year annuity of 4,400$ with the first payment to...

What is the present value of a 6-year annuity of 4,400$ with the first payment to be received 4 years from now? i = 7%
Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Calculate the present value of amount as follows:

Formulas:

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What is the present value of $1,500 per year, at a discount rate of 6 percent,...
What is the present value of $1,500 per year, at a discount rate of 6 percent, if the first payment is received 7 years from now and the last payment is received 32 years from now?
What is the present value of an annuity of $6,000 per year, with the first cash...
What is the present value of an annuity of $6,000 per year, with the first cash flow received three years from today and the last one received 25 years from today? Use a discount rate of 7 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)      Present value $   
Calculate the present value of annuity with payment of $1 at the end of the first...
Calculate the present value of annuity with payment of $1 at the end of the first year and every two years thereafter. There are total 5 payments. The last payment of $1 is at the end of 9th year. The interest rate is 6% convertible semi-annually.(Write the solution with formulas)
What is the present value today of a deferred annuity of 10 annual payments of $1,000...
What is the present value today of a deferred annuity of 10 annual payments of $1,000 each, if the first payment will be received 6 years from now and the discount rate is 9% EAR? (Round to the nearest whole dollar)
Present Value of an Annuity Determine the present value of $140,000 to be received at the...
Present Value of an Annuity Determine the present value of $140,000 to be received at the end of each of four years, using an interest rate of 6%, compounded annually, as follows: a. By successive computations, using the present value of $1 table in Exhibit 5. Round to the nearest whole dollar. First year$ Second Year   Third Year   Fourth Year   Total present value$ b. By using the present value of an annuity of $1 table in Exhibit 7. Round to...
a. What is the present value of a 3-year annuity of $150 if the discount rate...
a. What is the present value of a 3-year annuity of $150 if the discount rate is 7% b. What is the present value of the annuity in (a) if you have to wait an additional year for the first payment.
10. What is the present value of an annuity of RM4,000 received at the beginning of...
10. What is the present value of an annuity of RM4,000 received at the beginning of each year for the next eight years? The first payment will be received today, and the discount rate is 9% (round to nearest RM1).
Find the present value of an annuity due with a monthly payment of $500 at 6%...
Find the present value of an annuity due with a monthly payment of $500 at 6% compounded monthly for 12 years.
Problem 4 and 5-6 Present Value and Annuity Payments A local furniture store is advertising a...
Problem 4 and 5-6 Present Value and Annuity Payments A local furniture store is advertising a deal in which you buy a $4,400 living room set with three years before you need to make any payments (no interest cost is incurred). How much money would you have to deposit now in a savings account earning 6 percent APR, compounded monthly, to pay the $4,400 bill in three years? (Do not round intermediate calculations and round your final answer to 2...
5. What is the present value of $100 per month at a discount rate of 6%,...
5. What is the present value of $100 per month at a discount rate of 6%, if the first payment is received 5 years from now and the last payment is received 18 years from now? Could you explain in detail with formula plz!
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT