Question

Find the present value of the following perpetuity.

Perpetuity Payment |
Made At: |
Payment Period |
Interest Rate |
Conversion Period |

$2,400 |
end |
1 year |
11.8% |
semi-annually |

The present value is $__.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Answer #1

Find the present value of the following perpetuity.
Perpetuity Payment
Made
At:
Payment Period
Interest Rate
Conversion Period
$370
beginning
3 months
6.2%
monthly
The present value is $__.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as needed.)

Find the future value of the following ordinary annuity.
Periodic Payment
Payment Interval
Term
Interest Rate
Conversion Period
$122.00
1 month
5
years
4%
quarterly
The future value is
$nothing.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as needed.)

For the following ordinary annuity, determine the size of the
periodic payment.
Future Value
Present
Value
Payment Period
Term of Annuity
Interest Rate
Conversion Period
–
$19,300.00
1 quarter
14 years
10.5%
quarterly
The payment is $__.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as needed.)

What payment, made at the end of each three months for 13
years, will accumulate to $ 11 comma 300 at 6 % compounded semi
dash annually question mark
The required quarterly payment is $
nothing.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as needed.)

Harlan made equal payments at the end of each
month
into his RRSP. If interest in his account is
11.1%
compounded
semi-annually,
and the balance after
eleven
years is
$14,000,
what is the size of the
monthly
payment?
The size of the
monthly
payment is
$nothing.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as needed.)

Determine the size of the periodic payment of the following
ordinary general annuity.
Future Value
Payment Period
Term of Annuity
Interest Rate
Conversion Period
$16 comma 500
six months
9 years
11.4%
quarterly
The periodic payment is $
nothing.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as

A $95,000 a mortgage is to be amortized by making monthly
payments for 20 years. Interest is 7.4% compounded semi-annually
for a five-year term.
(a)
Compute the size of the monthly payment.
(b)
Determine the balance at the end of the five-year term.
(c)
If the mortgage is renewed for a five-year term at 7%
compounded semi-annually, what is the size of the monthly payment
for the renewal term?
(a) The size of the monthly payment is $__.
(Round the...

Determine the purchase price at the indicated time before the
maturity of the following
bond redeemed at par shown in the table below.
Par-Value
Bond Rate Payable Semi-Annually
Time Before Redemption
Yield Rate
Conversion Period
$ 41,000
8%
7
years
8.5%
quarterly
The purchase price of the bond is $__.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as needed.)

An investment of
$4885.45
earns interest at
4%
per annum compounded
semi-annually
for
4
years. At that time the interest rate is changed to
7.2%
compounded
quarterly.
How much will the accumulated value be
4.5
years after the change?
The accumulated value is
$.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as needed.)

A car was purchased for $3650 down and payments of $338 at
the end of each month for five years. Interest is 2% compounded
annually. What was the purchase price of the car? How much
interest will be paid?
The purchase price of the car was $
nothing.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as needed.)
The amount of interest that will be paid is $
nothing.
(Round...

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