Calculate the present value of annuity

Assignment Help Mathematics
Reference no: EM13327256

A 30 year annuity immediate with annual payments pays 2000 in years 1, 3, 5, ..., 29 and
pays 6000 in years 2, 4, 6, ..., 30.
Calculate the present value of this annuity at an annual effective interest rate of 8%.

Reference no: EM13327256

Questions Cloud

Introducing a new line of executive desks : Custom Office Furniture is introducing a new line of executive desks made from a specially selected grade of walnut. Initially, three models- A, B, and C- are to be marketed
Write a script that creates a directory : Write a script that asks the user to enter a number between 20 and 30. If the user enters an invalid number or a non-number, ask again. Repeat until a satisfactory number is entered.
Balance sheet for the bryan corporation : The balance sheet for the Bryan Corporation is shown below. Sales for the year were $3,680,000, with 75 percent of sales sold on credit and income statement for J. Lo Wedding Gowns, compute the following ratios:
Describe difference in economic profit in firm nd monopolist : describe the difference in economic profit between a competitive firm and a monopolist in both the short and long run. Which should take longer to reach long-run equilibrium.
Calculate the present value of annuity : Calculate the present value of this annuity at an annual effective interest rate of 8%.
Predict one major change in the us financial environment : Predict one major change in the U.S. financial environment that may likely occur within the next five years, indicating its impact to the economy and businesses.
Collect two formulas for your chosen field : Formulas are equations that have been used so frequently in certain applications that they have become standard. Examples are the simple interest formula, I = PRT, and selling price, S = C + M.
Find the total work done by the two tugboats : Two tugboats pull a disabled supertanker. Each tug exerts a constant force of 2.00×10^6 km, What is the total work done by the two tugboats on the supertanker
Determine total amount of overhead that would be assigned : Using activity-based costing, do the following: a.Determine the total amount of overhead that would be assigned to each model for the year. b.Compute the unit product cost for one unit of each model.

Reviews

Write a Review

Mathematics Questions & Answers

  What is the probability none are a papers

A stack of 12 papers contains three "A" papers. If three papers are selected, what is the probability

  Four different kinds of glasses

4. Consider a glass factory that can produce four different kinds of glasses: beer, wine, drinking, and schnapps. Glass manufacturing uses machine hours, labour, and sand as its main inputs.

  Find the order of accuracy for the improved euler method

Find the order of accuracy for the Improved Euler Method using a Taylor Series Expansion.

  Explain the quantity x of these sets demanded each week

Pulsar also manufactures a series of 19-in color television sets. The quantity x of these sets demanded each week is related to the wholesale unit price p by the following function.

  Explain solution of the given differential equation

"Show that the indicated function is a solution of the given differential equation; that is, substitute the indicated function for y to see that it produces an equality"

  Explain what makes an equation linear

What makes an equation linear? If an equation is linear, must it be a function? If so, explain why. If not, then provide a counterexample and explain why it is not a function.

  What is the speed of the current

The excursion boat Holiday travels 35 km upstream and then back again in 4 hours and 48 minutes. The speed of the Holiday in still water is 15 km/h, what is the speed of the current.

  Explain classidy the triangle by its side lengths

The ratio of the side lengths of the flag is 9:9:11. The perimeter of the flag is 116 inches. Find the side lengths. Then classidy the triangle by its side lengths.

  Find the speed of both cars

However, if they travel in the same direction, the faster car will overtake the slower car in 4.5 hours. Find the speed of both cars, assuming they are traveling at a constant speed.

  Find the volume of water in the pool

A swimming pool is circular with a 40-ft diameter. The depth is constant along east-west lines and increases linearly from 4 ft at the south end to 5 ft at the north end. Find the volume of water in the pool. (Round the answer to the nearest whole..

  Find the work done in moving an object through the force

find the work done in moving an object through the force field F=xi+y^1/2j along the curve y=x^3/2 from (0,0) to (4,8)

  What''s the probability of the first three characters

he first three characters of a car license plate number are letter characters. Car license plates can have repeats. For a), remember that the combination "AA" is possible.a) What's the probability of the first three characters being BAZ?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd