Monday

December 22, 2014

December 22, 2014

Posted by **Gibbons** on Tuesday, June 22, 2010 at 3:45am.

1. $3500000 every 6 months for 5 years at the rate of 16% compounded semi-annually.

2. $7000000 per month for 10 months at the rate of18% compounded monthly.

3. $1700000 per year for 5 years at the rate of 14% compounded annually.

- Mathematics -
**Reiny**, Tuesday, June 22, 2010 at 9:43amI will do the first one, the other two are done the same way

a)

PV = 3500000( 1 - 1.08^-10)/.08

= $23 485 284.09

BTW, what's with the huge numbers?

**Answer this Question**

**Related Questions**

math,correction - can someone correct these for me thanks.. Problem #4 Find the ...

math - find the present value of ordinary annuity payments of 890 each year for ...

Business Math 205 - Calculate the PRESENT VALUE of the following ORDINARY ...

Annuities - Can someone tell me if this is ordinary annuity of future or ...

business math 205 - Calculate the future of the following Ordinary Annuities. ...

math - Classify the finacial problem. Assume a 7% interest rate compounded ...

math - Classify the finacial problem. Assume a 7% interest rate compounded ...

algebra - Suppose a retiree wants to buy an ordinary annuity that pays her $2,...

Finite Math - The amount (future value) of an ordinary annuity is given. Find ...

Finite Math - The amount (future value) of an ordinary annuity is given. Find ...