How much would you pay for the right to receive $4, 500 at the end of year 1, $3,500 at the end of year 2, and $7, 500 at the end of year 5? At a 10% interest rate
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How much would you pay for the right to receive $4, 500 at the end of year 1, $3,500 at the end of year 2, and $7, 500 at the end of year 5? At a 10% interest rate
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- What is the present value of a perpetuity that pays $3,800 per year if the appropriate interest rate is 5%?You've been offered a loan of $20000, which you will have to repay in 5 equal annual payments of $6000, with the first payment due one year from now. What interest rate would you pay on that loan?Emit wants to make an initial payment P at Year 0 hoping to get $400 annually from Year 5 to Year 10 (6 Years). How much should the initial payment be at an 8% interest rate?
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- If the discount rate is 7.6%, what would you be willing to pay for receiving a payment of $700 every year forever?What's the rate of return you would earn if you paid $950 for a perpetuity that pays $85 per year?(e) You borrow an amount and agree to pay it off with one lump sum payment of $40,000 in 6 years at 10%. How much will you borrow?
- How much must you deposit each year into your retirement account starting now and continuing through year 10 if you want to be able to withdraw $80,000 per year forever, beginning 31 years from now? Assume the account earns interest at 15% per year. What is the answer, and how can I get it?b) Suppose you begin saving for your retirement by depositing $2,000 per year in an IRA. If the interest rate is 7.5%, how much will you have in 40 years if the payments are made: at the end of the year (ordinary annuity)? at the beginning of the year (annuity due)?You deposit $1,000 one year and $2000 next year starting year 1 until year 30 with an interest rate of 5% one year and 7% other year. How much money will you have at the end of year thirty if there are different interest rates after year 30 as shown in the diagram below?