What is the present value of a 3-year annuity

Assignment Help Finance Basics
Reference no: EM132137142

What is the present value of a 3-year annuity of $170 if the discount rate is 5%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Reference no: EM132137142

Questions Cloud

Which of the following statements will display a string : Which of the following statements will display a string as "Jones, Jane" (the last name, a comma, a space, and the first name) in the lblFullName control?
Write a method with an input variable : Write a method with an input variable (string type). The method should return the number of uppercase letters of the input variable.
Write a query that satisfies the given requirements : Write a query that satisfies the given requirements by making sure to use GROUP BY and HAVING clauses.
Prompts the user to input the shipping cost per liter : Amanda and Tyler opened a business that specializes in shipping liquids, such as milk, juice, and water, in cylinderical containers.
What is the present value of a 3-year annuity : What is the present value of a 3-year annuity of $170 if the discount rate is 5%? (Do not round intermediate calculations. Round your answer to 2 decimal places
What is the expected return on portfolio : What is the expected return on this portfolio? What is the beta of this portfolio? Does this portfolio have more or less systematic risk than an average asset?
Give an algorithm about to define the polynomial time : Give an algorithm that, given strings A, B, and C, decides whether C is an interleaving of A and B in polynomial time. Prove your answer correct.
What is the current yield on pk bonds : What is the current yield on PK's bonds? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Deposits every month at the beginning : You have decided to place $553 in equal deposits every month at the beginning of the month into a savings account earning 10.62 percent per year

Reviews

Write a Review

Finance Basics Questions & Answers

  What are the main functions of financial managers

What are the main functions of financial managers?- Why is shareholder wealth maximization a better operating goal than profit maximization?

  Calculate the costs of buying versus leasing a motor vehicle

Calculate the costs of buying versus leasing a motor vehicle.

  Temporary housing services incorporated

Temporary Housing Services Incorporated (THSI) is considering a project that involves setting up a temporary housing facility in an area recently damaged by a hurricane.

  How much risk you would be willing to accept

Analyze your own current financial situation to determine how much risk you would be willing to accept for a given return. Provide specific examples to support your response.

  Rate of discount for a given future value

What is the relationship between present value and the rate of discount for a given future value?

  Case-wizardworks

Andrew Howe owns and operates WizardWorks, an online seller of fireworks based in Peterborough, Ontario.  Andrew wants you to help him use Excel to develop an order form for his business.

  What is the hospitals corporate cost of capital

St. Vincent's Hospital has a target capital structure of 35 percent debt and 65 percent equity. Its cost of equity (fund capital) estimate is 13.5 percent and its cost of tax exempt debt estimate is 7 percent. What is the hospital's corporate cost..

  What if the annual traffic rate increases at 8prcnt annually

Jeff has estimated that traffic will increase annually at 5%. How long will the current bridge system work before a new bracing system is required? What if the annual traffic rate increases at 8% annually? At what traffic increase rate will the curre..

  The rate on 6-month t-bills is 2 and the return on the

atlas corporation wishes to estimate its cost of retained earnings. the firms beta is 1.3. the rate on 6-month t-bills

  What is your advice to the countrys government

What is your advice to the country's government about which market structure to choose for the pasta industry?

  What must the risk-free rate be

A stock has an expected return of 14 percent, its beta is 1.45, and the expected return on the market is 11.5 percent. What must the risk-free rate be?

  Calculate the projects discounted payback period

Calculate the project's discounted payback period. Recommend whether the project should be accepted or rejected and explain why.

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