antoriagriffinA1322 antoriagriffinA1322

22-10-2020
Business

contestada

What is the PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 5.5%?

Respuesta :

22-10-2020

Answer:

$20,352

Explanation:

Use the time value of money techniques to find the PV as follows :

n = 10

p/yr = 1

i = 5.5%

Fv = $0

Pmt = $2,700

PV = ?

Using a financial calculator to enter the values as above the PV is $20,352

Answer Link

Otras preguntas

lucia works at her family's italian restaurant . A 20% tip is included with each other. one customer wants to know the price before tip and if the total price

Find the length of OB and AC Show working out

At Macon County High School, a classroom is 400 ft2. After the teacher sets up her desk, computer, and podium, there are 250 ft2 left for student desks. If ea

from "EXTRICATING YOUNG GUSSIE" by P.G. Wodehouse She sprang it on me before breakfast. There in seven words you have a complete character sketch of my Aunt Aga

Jane is a Canadian citizen. She is kind, goal-oriented, knowledgeable in literature, outgoing and musically inclined. Which of these characteristics would be co

"Maybe if I can increase the tension just a little it will hurt him and he will jump, he thought. Now that it is daylight let him jump so that he'll fill the sa

which expression is equivalent to the expression shown below

"Someone who invests resources (such as time, money and skill) to create and build an organization that offers various types of benefits to entice others to joi

Which of the following is a negative consequence of aquaculture? A. Protein-rich food is provided to billions of people. B. A Pressure on wild fish populations

The fall of the Roman Empire occurred ______________________.