You just signed a business consulting contract with one of your clients. The client will pay you $45,000 every year for the service you will provide. You anticipate the annual general inflation rate over the following years to be 5%. If the client pays the consulting fee at the end of each year, what is the worth of the fourth payment in constant dollars? A) $40,426.56 B) $54,697.78 C)$37,021.61 D) Answers A, B and C are not correct

You are offered a $3,000,000 contract to be paid to you over 6 years at $500,000 per year. The first payment will be made at the end of the year. If the current market interest rate is 3.5%, what is the contract really worth to you?     $2,500,000.00     $3,275,076.09     $2,664,276.51     $3,000,000.00

An industrial bank will loan you $10,500 for two years to buy miscellaneous equipment for your firm. The loan must be repaid in equal monthly payments. The annual interest rate on the loan is 11.5% of the unpaid balance. How much will the monthly payments be? Numeric Response

You are working for a finance firm and a client comes to you and wants to know how much money they should put in an annuity (which earns 2.885% interest compounded quarterly) at the end of each three months for the next 36 years. Their goal is that when they retire at the end of 36 years, they would like the quarterly withdrawals from the annuity to total $68,000 per year and that the annuity is to last for the next 23 years. You are to determine the amount which your client needs to deposit into the annuity at the end of each three months for the next 36 years so that they can meet their retirement goal. Do the following: Show all your work that you used to answer this problem. Label the steps and important values as you solve the problem. Note that when you use the TVM Solver, show the all variables and the values you entered (into the variables) and solved for.  Find the total amount of interest client will earn (from the time they start contributing to the account to when they…

You will receive 23 annual payments of $20,500. The first payment will be received 5 years from today and the interest rate is 4.9 percent. What is the value of the payments today? Group of answer choices $219,758.73 $279,140.96 $238,211.13 $217,719.85 $230,526.90

You have just taken out a $24,000car loan with a 4%​APR, compounded monthly. The loan is for five years. When you make your first payment in one​ month, how much of the payment will go toward the principal of the loan and how much will go toward​ interest?​(Note: Be careful not to round any intermediate steps less than six decimal​ places.)   When you make your first​ payment,​$.... will go toward the principal of the loan and ​$......will go toward the interest.  ​(Round to the nearest​ cent.)

You wish to save $59000 in an account which pays 6% compounded quarterly by making semiannual deposits for 10 years.What is the amount of the deposits?

1. You make $6,600 annual deposits into a retirement account that pays an APR of 11.1 percent compounded monthly.  Your first deposit will be one year from today. How large will your account balance be in 31 years?Came up with 1832516.552. You have just purchased a new warehouse. To finance the purchase, you’ve arranged for a 36-year mortgage loan for 80 percent of the $3,360,000 purchase price. The monthly payment on this loan will be $16,900. What is the APR on this loan? (I got 0.7544) Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. What is the EAR on this loan?

You borrowed $100,000 for a period of 30 years at fixed APR of 5.5% to buy an apartment.  What is your monthly payment?

An insurance firm agrees to pay you $3,310 at the end of 20 years if you pay a premium of $100 per year at the end of each of the 20 years. Find the internal rate of return to the nearest whole percentage point. 9% O 7% 5% 3% O 11%