# 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

## 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

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, …