# Finance

posted by .

suppose the interest rate is 8% apr with monthly compounding. what is the present value of an annuity that pays \$95.00 every 6 months for 6 years.

• Finance -

You can earn an expected return of 13 percent compounded semiannually. If you invest \$400 today, then you would have \$ in 22 years

## Similar Questions

1. ### Calculus

A \$99,000 mortgage for 30 years at 9% APR requires monthly payments of \$796.58. Suppose you decided to make monthly payments of \$1,100. When would the mortgage be completely paid?
2. ### Mathematics

In the problems 1 to 3, find the present value of the given (ordinary) annuity. 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. ### fiance

suppose the interest rate is 8% APR with monthly compounding. What is the present value of an annuity that pays \$90 every 6 months for 5 years?
4. ### Math

Suppose the interest rate is 8% APR with monthly compounding. What is the present value o an annuity that pays \$90 every 6 months for 5 years?
5. ### algebra

Suppose a retiree wants to buy an ordinary annuity that pays her \$2,000 per month for 20 years. If the annuity earns interest at 3.5% interest compounded monthly, what is the present value of this annuity?
6. ### math

Suppose the intrest rate is 8%APR on a monthly compounding. What is the present value which pays \$95 every 6 months for 6 years.
7. ### Finance

suppose the interest rate is 8% APR with monthly compounding. what is the present value of the annuity that pays \$100 for every 6 years?
8. ### Corporate Finance

A 15-year annuity pays \$1,750 per month, and payments are made at the end of each month. If the interest rate is 10 percent compounded monthly for the first seven years, and 6 percent compounded monthly thereafter, what is the present …
9. ### Finance

Please could you help me solve this Suppose you have \$100 in an interest bearing account earning 10% interest. How much would you have after the first year under the following scenarios?
10. ### Finite math

Consider the following annuity scheme: regular payments of \$200 are made every two months at the end of the month (in other words, there are six equally spaced payments over the year) into an account with a nominal rate of 6% compounded …

More Similar Questions