You have just been notified that you will receive $8,700 a year for the next 17 years from an inherited trust. If the interest rate is 13 percent, how much should you be willing to accept today in exchange for the annual payments? (Enter your answer as a positive number rounded to 2 decimal places.)
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityYou put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the third year. B. Use the future value of $1 table In Appendix B and verify that your answer is correct.
- Assume you have just found out you are entitled to receive $102,000 in 19 years. If the interest rate is 18 percent, what should you be willing to take today in exchange for the future payment? (Enter your answer as a positive number rounded to 2 decimal places.)Assume an effective compound interest rate i = 8% per annum. Compute the following equivalent rates. In each case, enter your answer as a percentage. a) The nominal interest rate payable semi-annually 数字 Enter an answer correct to 4 decimal places. % b) The effective interest rate payable quarterly 数字 Enter an answer correct to 2 decimal places. % c) The effective rate of discount per annum 数字 Enter an answer correct to 2 decimal places. % d) The nominal rate of discount payable monthly 数字 Enter an answer correct to 4 decimal places. %You will receive a cash payment of $7554 in 8 years. If the relevant interest rate is 15.34%, how much is it worth today? Round to 2 decimal places. Include dollar signs ($) and percents (%) as appropriate.
- You want to invest in an annuity that will pay you $2,300 per quarter for the first 8 years and $1,200 per month for the last 5 years. If the annuity earns 4.35% compounded quarterly for the first 8 years and 5.85% compounded monthly for the remaining 5 years, what would be the amount of your initial investment? Enter the appropriate values in the blanks below, round answers to two decimal places. Initial Balance ||<---- I 5 years A/ N = A/ P/Y= A/ PV = A/ PMT= A/ FV = Final Balance A/ E Eif you want to be paid from a 14 year ordinary annuity with a guaranteed rate of 2.208% compounded annually, how much should you pay for one of these annuities if you want to receive annual payments of $9,000.00 over the 14 year period? (Note: Your answer should have a dollar sign and be accurate to two decimal places)2. You are comparing two annuities which offer monthly payments of $1,000 for five years and pay 1.0 percent interest per month. Annuity A will pay you on the first of each month while annuity B will pay you on the last day of each month. Which one of the following statements is correct concerning these two annuities?A. Both annuities have the same future value as of ten years from today.B. Both annuities are of equal value today.C. Annuity B has a higher present value than annuity AD. Annuity B is an annuity due.E.Annuity A has a higher future value than annuity B.
- (Annuity interest rate) You've been offered a loan of $40,000, which you will have to repay in 7 equal annual payments of $8,000, with the first payment due one year from now. What interest rate would you pay on that loan? The interest rate you would pay on the loan is%. (Round to two decimal places.)Your insurance agent is trying to sell you an annuity that costs $50,000 today. By buying this annuity, your agent promises that you will receive payments of $260 a month for the next 25 years. What is the rate of return on this investment? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)Suppose you invest in an annuity that pays 6% interest, compounded annually. You contribute $4,500 each year for 10 years, what is the value of the annuity at the end of 10 years? Enter your answer rounded to the nearest hundred dollars. Omit the dollar sign and comma ($42,570.21 should be entered as 42600.)