Homework Help: Finance

Posted by john on Monday, February 6, 2012 at 11:30am.

What is the present value (or purchase price) of an annuity product which will pay you $2,000 at the end of each year for the next 15 years? Use an interest rate of 9%.

No one has answered this question yet.

Answer this Question

Related Questions

math - find the present value of ordinary annuity payments of 890 each year for ...
personal finance - would you purchase a $100,000 20 year annuity today for $15,...
finance please help - 1. Calculate the present value of an investment given the...
Finance - 200- to 300-word description of the four time value of money concepts...
Finance - • Write a 200- to 300-word description of the four time value of ...
Finance - Write a 200- to 300-word description of the four time value of money ...
Accounting - (Present Value) What is the present value of an annuity that pays $...
finance, please help - 1. Calculate the present value of an investment given the...
Finance - what is the present value of a security that will pay $5,000 in 20 ...
algebra - Suppose a retiree wants to buy an ordinary annuity that pays her $2,...

For Further Reading

First Name:
School Subject:
Answer: