What is the present value of an annuity

Assignment Help Finance Basics
Reference no: EM131190380

1. Mr. Jacobs needs $5,000 in three years. If the interest rate on his investment account is 8.4% compounded monthly, how much should he put into his account at the end of each month to have $5,000 in three years?

2. What is the present value of an annuity that pays $200.00 per month for 5 years if money is worth 6% compounded monthly?

Reference no: EM131190380

Questions Cloud

Sufficient funds to finance any decision she makes : Project B costs $115,000, and has a cash flow of $50,000 a year for Years 1 to 3. She has sufficient funds to finance any decision she makes. Which project or projects, if either, should she accept and why?
Characterize a symmetric cournot equilibrium : Let us focus on the market for x and characterize a symmetric Cournot equilibrium. Aggregating over consumers, the total demand for x can be written
Examine the key elements of virtue and character : Analyze various philosophical approaches for ethical decision making, and the effectiveness and limits of each approach for making ethical choices. Analyze the ethical issues involved with balancing means and ends in the criminal justice field.
What is the relevant award for the employees : BSBMGT502 Manage people performance. What steps would you take to counsel the employee in accordance with organisational policy and relevant legislation for disciplinary meetings? What is the relevant award for the employee's role at Australian Har..
What is the present value of an annuity : What is the present value of an annuity that pays $200.00 per month for 5 years if money is worth 6% compounded monthly?
Discuss the recent trends in terrorism in the united states : Discuss the recent trends in terrorism in the United States, and the impact they've had on American Police. Are American policing becoming so focused on terrorism that they've shifted their policing approach away from community policing?
Valuable commodity in the world : With this information (most valuable commodity in the world) Dysinger decided to incur $2,000,000 in research and development to bolster its new product it is developing called the "Dpad" and make it generically compatible with its cloud based ope..
Show transfer function for transmitter and receiver system : With a help of a block diagram show the transfer function for transmitter and receiver system.
What are the reasons for your recommendations : Objectives of the bill Goals of the bill Possible solutions for the bill Justification for why the bill should be approved or not. What recommendations would you make to the state's department of corrections, regarding the expected increase of inc..

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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