Finance

posted by .

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%.

  • Finance -

    890

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    find the present value of ordinary annuity payments of 890 each year for 16 years at 8% compounded annually What is the amount that must be paid (Present Value) for an annuity with a periodic payment of R dollars to be made at the …
  2. Finance

    Need help finding a formula for: Question: Suppose a bank offers you the following deal: You pay to the bank an annuity amount of $A per year over the next 10 years and the bank will in turn pay you $40,000 per year starting at the …
  3. finance

    what is the pv of an annuity due that promises to pay you $500 per yeaR FOR THE NExt 20 years if the interest rate is 7%?
  4. Finance

    what is the present value of $1,000 paid at the end of the next 100 years if the interest rate is 7% per year?
  5. finance

    You have won a contest that will pay you $10,000 a year at the end of each of the next 5 years. Based on a discount rate of 8% per year, what is the annuity worth to you today
  6. finance, please help

    1. Calculate the present value of an investment given the following information: (a) Years—20, (b) Rate—10%, and (c) Future Value—$20,000. 2. Calculate the future value of an investment given the following information: (a) Years—10, …
  7. finance please help

    1. Calculate the present value of an investment given the following information: (a) Years—20, (b) Rate—10%, and (c) Future Value—$20,000. 2. Calculate the future value of an investment given the following information: (a) Years—10, …
  8. Finance

    You just borrowed $15,000 from a bank. If you pay $4,000 at the end of each year over the next 5 years, you will pay off the loan. What is the interest rate on the loan?
  9. Finance

    If $12,000 is invested in a certain business at the start of the year, the investor will receive $3,600 at the end of the next four years. What is the present value of this business opportunity if the interest rate is 7% per year?
  10. Finance

    An investment will provide Nicholas with $100 at the end of each year for the next 10 years. What is the present value of that annuity if the discount rate is 8% annually?

More Similar Questions