What is their present value now

Assignment Help Financial Management

Reference no: EM131905696

Karen makes a sequence of annual deposits into an account paying an effective rate of interest of 5.5 percent. The first deposit of 1300 dollars comes one year from now, and each subsequent deposit is 170 dollars larger than the last. If she will make 19 such deposits, what is their present value now?

Answer = dollars. (3 decimal place)

Reference no: EM131905696

Questions Cloud

Which is intrinsic value : The stock's dividend is expected to grow at a constant rate of 8%, and it currently sells for $50 a share, which is also its intrinsic value.

What must the six-month risk-free rate be in great britain : What must the six-month risk-free rate be in Great Britain? Japan? Switzerland?

What is the smallest possible effective rate of interest : A perpetuity pays 520 dollars annually. What is the smallest possible effective rate of interest?

What is the present value of annuity five years : Suppose that an annuity will make 13 annual payments, what is the present value of the annuity 5 years before the first payment?

What is their present value now : Karen makes a sequence of annual deposits into an account paying an effective rate of interest of 5.5 percent. what is their present value now?

Find the price to yield an investor : Find the price to yield an investor 7.7 percent convertible semiannually.

Classification of capital budgeting project : Which of the following would not be a classification of a capital budgeting project?

Which firm is exposed to most exchange rate risk : Based on this information, which firm is exposed to the most exchange rate risk? Explain.

Value of specific latin american currency : If technical forecasting is used, will this result in a forecast of appreciation, depreciation, or no change in the value of a specific Latin American currency?

User Account

All Pages