About the present value of the annuity

Assignment Help Financial Management

Reference no: EM131044248

A 20-year annuity pays $1,200 per month and payments are made at the end of each month. If the interest rate is 13% compounded monthly for the first eight years and 7% compounded monthly thereafter, what is the present value of the annuity?

What would I plug into my BA 2 Plus Professional calculator?

Reference no: EM131044248

Questions Cloud

Discuss the company corporate strategy : Discuss the company's corporate strategy and explain what business the organization is in or wants to be in. Describe your growth objectives for this organization. Provide an explanation of the different types of growth strategies.

Question regarding the investment advisory firm : T. Anderson, Inc. is an investment advisory firm that manages more than $120 million in funds for its numerous clients. The company uses an asset allocation model that recommends the portion of each client's portfolio to be invested in a growth st..

What overall image is the retailer attempting to convey : Briefly describe the store in terms of its price/service blend. (Does the store's service match its prices? Why/why not?) Yes, It does. Reason: Store decoration is nice-looking, shop assistant and stylist are always ready to he..

Identify the key search terms and legal databases : Legal Method and research 2016. Use the IRAC /MIRAT legal problem solving model to assist you with the process of legal problem solving. Identify the key search terms and legal databases which you have used in answering this problem

About the present value of the annuity : A 20-year annuity pays $1,200 per month and payments are made at the end of each month. If the interest rate is 13% compounded monthly for the first eight years and 7% compounded monthly thereafter, what is the present value of the annuity? What woul..

Process of filing a suit in small claims court : What is the process of filing a suit in Small Claims court, the collection process in small claims court, and the preparation of the complaint and the serving of the complaint with a summons?

Dust cutter beverage company : This provides everything a busy executive needs to know to invest (or not) in your proposal. It captures your key proposal and recommendations/decision factors, and projected outcomes of the plan's recommendations. Note this is not an introduction..

Describe the nature of wilson wartime leadership : Finally describe the nature of Wilson wartime leadership in terms of promoting the allied war effort, his goals in fighting in the war, and the Versailles peace treaty that followed. Why was he unsuccessful in convincing the U.S. senate to ratify ..

Not all companies are viewed as equal : In the land of free trade, the public does not view all industries as equal. Do you believe that is ethical? Do you believe that some industries are unfairly targeted? Should it be consumers' choice to partake in products that are not healthy for ..

User Account

All Pages