User Account

All Pages

Value of the annuity on the purchase date

Assignment Help Finance Basics
Reference no: EM131435233

Lois is purchasing an annuity that will pay $5,000 annually for 20 years, with the first annuity payment made on the date of purchase. What is the value of the annuity on the purchase date given a discount rate of 7%?

Reference no: EM131435233

Questions Cloud

What annual interest rate did she receive : To save for retirement, Karla Harby put $650 each month into an ordinary annuity for 15years. Interest was compounded monthly. At the end of the 15years, the annuity was worth $221,450. What annual interest rate did she receive?
How is ebph different from evidence-based medicine : The concept of evidence-based practice is well established in numerous disciplines including psychology, social work, nursing, medicine, and public health. Respond to the following: How is EBPH different from evidence-based medicine
Industry and competitor standard ratios : Compare and contrast your company's (PepsiCo Corporation) ratios to industry and competitor standard ratios obtained from Yahoo Finance, Morningstar, MotleyFool, Macroaxis or other Internet sources, and provide a detailed answer and analysis as to..
Design and test your program in an iterative manner : Design and test your program in an iterative manner, building from simple functionality to full functionality. For example, first write a program that inputs characters and just stores them in memory.
Value of the annuity on the purchase date : Lois is purchasing an annuity that will pay $5,000 annually for 20 years, with the first annuity payment made on the date of purchase. What is the value of the annuity on the purchase date given a discount rate of 7%?
Demand variability follows a poisson distribution : Consider the data given in problem 16b at the end of chapter 2 of Factory Physics. Assume that demand variability follows a Poisson distribution and that the desired service level is 98% probability of not stocking out. Calculate the best order quant..
How was a beam of electrons shown to have wavelike propertie : How was a beam of electrons show to have wavelike properties?
What does the literature say about extrinsic motivators : Who should monitor the process and determine if the pay being awarded is having a positive effect on hard-wiring behavior? What does the literature say about extrinsic motivators such as pay
Why is a search engine a big data application : Mention four possible functions that a BI Competency Centre (BICC) would serve within an organization, and give a brief description of each.List and describe three levels or categories of analytics that are most often viewed as sequential and inde..

Reviews

Write a Review

Finance Basics Questions & Answers

  How much is the bond worth today

Suppose a State of New York bond will pay $1,000 10 years from now. If the going interest rate on these 10-year bonds is 5.5%, how much is the bond worth today?

  Shaw for breaking of contract

On April 14, 1994, Bill Shaw, retired policeman, offered to sell Thurgood his 1965 Mustang convertible for= $1,000.

  What is the current selling price

A U.S. Government bond with a face amount of $10,000 with 13 years to maturity is yielding 5.5%. What is the current selling price?

  Given 100000 to invest construct a value-weighted portfolio

given 100000 to invest construct a value-weighted portfolio of the four stocks listed belowstockprice share number of

  Which machine should be purchased and why

Machine C has a useful life of 4-years, generates an NPV of $55,225, an IRR of 15.2% and an equivalent annual cost of $7,535 Machine D has a useful life of 7-years, generates an NPV of $64,020, an IRR of 11.4% and an equivalent annual cost of $8,8..

  What is the yield to maturity

What is the yield to maturity on an 20-year, zero coupon bond selling for 32% of par value?

  Discounting the marlboro man

DISCOUNTING THE MARLBORO MAN

  What is the clean price of the bond

You purchase a bond with an invoice price of $1,210. The bond has a coupon rate of 7.6 percent, and there are 2 months to the next semiannual coupon date. What is the clean price of the bond?

  How does the recommended asset allocation change

Go to www.bankrate.com/calculators/retirement/asset-allocation.aspx. This Web site helps you determine an asset allocation strategy based on your specific situation.

  1customers perceptions of what they get for what they have

1.customers perceptions of what they get for what they have to give up is referred to as customer

  What are the types of opportunities sought

What are the types of opportunities sought by aspiring multinational companies? What are the risks faced by these companies which are specific to the international nature of their business activities?

  Describe the effectiveness of a new program for teaching

Describe the effectiveness of a new program (compared to the old program) for teaching reading to elementary school students.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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