A security pays you an annual amount of $900 for 10 years. The seller of the security requires the first payment to be made today and the last payment to be made 9 years from today. Interest rate on this security is 5.75 percent per annum. Calculate the present value rounded to 2 decimal places.
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A security pays you an annual amount of $900 for 10 years. The seller of the security requires the first payment to be made today and the last payment to be made 9 years from today. Interest rate on this security is 5.75 percent per annum. Calculate the
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- A security pays you an annual amount of $900 for 10 years. The seller of the security requires the first payment to be made today and the last payment to be made 9 years from today. Interest rate on this security is 5.75 percent per annum. Calculate the present value rounded to 2 decimal places. Using a financial calculatorA security pays you an annual amount of $900 for 10 years. the sellerof the security require the first payment to be made today and the last payment to be made 9 years from today. Interest rate on this security is 5.75 percent perannum. Calculate the present value rounded to 2 decimaal places.1.A security pays you an annual amount of $900 for 10 years. The seller of the security requires the first payment to be made today and the last payment to be made 9 years from today. Interest rate on this security is 5.75 percent per annum. Calculate the present value rounded to 2 decimal places. 2.An investment promises to pay into an account that pays you 6 percent annually, $150 per month for the next twenty-two years. Suppose the first deposit into the account is made one month from today what is the value of the amount which will be in the account at the end of thirty years? Rounded to 2 decimal places. 3.What will be the present value, if $5,400 is discounted back 4 years at an interest rate of 3% compounded semi-annually? 4.You are buying your first car for $20,000 and are paying $2,000 as a down payment. You have negotiated a nominal interest rate of 12 percent and you plan to pay-off the car over five years. What is the monthly payments you must make on this loan?
- using a financial calculator, calculate. show step by step. A security pays you an annual amount of $900 for 10 years. The seller of the security requires the first payment to be made today and the last payment to be made 9 years from today. Interest rate on this security is 5.75 percent per annum. Calculate the present value rounded to 2 decimal places.1. A security pays you an annual amount of $900 for 10 years. The seller of the security requires the first payment to be made today and the last payment to be made 9 years from today. Interest rate on this security is 5.75 percent per annum. Calculate the present value rounded to 2 decimal places. 2. An investment promises to pay into an account that pays you 6 percent annually, $150 per month for the next twenty-two years. Suppose the first deposit into the account is made one month from today what is the value of the amount which will be in the account at the end of thirty years? Rounded to 2 decimal places. 3. What will be the present value, if $5,400 is discounted back 4 years at an interest rate of 3% compounded semi-annually?You purchase a 10-year annuity that pays you \$ 30000 / v * ear . The first payment will begin in three years. What is the duration of this annuity if the rate of interest is 8%? Show your calculations
- 1 a) A security pays you an annual amount of $900 for 10 years. The seller of the security requires the first payment to be made today and the last payment to be made 9 years from today.Interest rate on this security is 5.75 percent per annum. Calculate the present value rounded to2 decimal places. b) An investment promises to pay into an account that pays you 6 percent annually, $150 per month for the next twenty-two years. Suppose the first deposit into the account is made onemonth from today what is the value of the amount which will be in the account at the end of thirty years? Rounded to 2 decimal places1. A security pays you an annual amount of $900 for 10 years. The seller of the security requires the first payment to be made today and the last payment to be made 9 years from today. Interest rate on this security is 5.75 percent per annum. Calculate the present value rounded to 2 decimal places. 2. What will be the present value, if $5,400 is discounted back 4 years at an interest rate of 3% compounded semi-annually? 3. You are buying your first car for $20,000 and are paying $2,000 as a down payment. You have negotiated a nominal interest rate of 12 percent and you plan to pay-off the car over five years. What is the monthly payments you must make on this loan?A security pays $800 every 8 years forever. The appropriate discount rate is 2% (EAR). What is the value of the security if the first payment occurs 5 years from now?
- A security pays $55 in one year and $133.10 in three years. Present value of this security is $150. The relevant interest rate is %.1 a. A security pays you an annual amount of $900 for 10 years. The seller of the security requiresthe first payment to be made today and the last payment to be made 9 years from today.Interest rate on this security is 5.75 percent per annum. Calculate the present value rounded to2 decimal places. b. You are buying your first car for $20,000 and are paying $2,000 as a down payment. Youhave negotiated a nominal interest rate of 12 percent and you plan to pay-off the carover five years. What is the monthly payments you must make on this loan?An investor decides to purchase a five-year annuity with an annual nominal interest rate of 12%% convertible monthly for a price of X. Under the terms of the annuity, the investor is to receive 2 at the end of the first month. The payments increase by 2 each month thereafter. Calculate X.