Finance

what is the present value of $2500 per year for 9 years discounted back to the present at 11 percent?

  1. 👍 0
  2. 👎 0
  3. 👁 273
  1. P=FV/(1+.11)^9
    P=2500/(1.11)^9

    P=$977.31

    1. 👍 0
    2. 👎 0
  2. That answer is way off, grow up!

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. Maths

    A Man earns a salary of #2500 Per annum, If a rise of #500 is given at the end of the year, Find :(a) the total amount the man will earn in 18 years. (b) the amount the man will earn in the 20th year. Solve with an Arithmetic

  2. Pre Calc

    Naturalists findthat the populations of some kinds of predatory animals vary periodically. Assume that the population of foxes in a certain forext vareis sinusoidally iwth time. REcord started being kept when time t = 0 years. A

  3. Finance math

    9. Compute the present value of $4,000 paid in five years using the following discount rates: 10 percent in year 1, 2 percent in year 2, 12 percent in year 3, and 9 percent in years 4 and 5.

  4. 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

  1. 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? What is the present value of the above annuity if the

  2. Math

    Suppose that $2500 is invested at an interest rate of 2.5% per year, compounded continuously. After how many years will the initial investment be doubled?

  3. marketing

    QUESTION #1 cost analysis with graph office copier has an initial price of $2500. A service contract costs $200 for the first year and increases $50 per year thereafter. It can be shown that the total cost of the copier after n

  4. Math

    Every employee's salary at the Sunrise Software Company increases each year by 1/10 of that person's salary the previous year. A: If Martha's present annual salary is $100,000.00, what will her salary be in 2 years? B: If Aaron's

  1. Math

    A basketball player received a contract from the New York Knicks in which he was offered $5 million a year for ten years. Determine the present value of the contract on the date of the first payment if the interest rate is 3 % per

  2. English

    Select the correct verb tense used in the sentences below That company has been making surfboards since the 1960's present perfect progressive present progressive*** past perfect progressive past progressive We had been listening

  3. Alg2

    Zeus Industries bought a computer for $2500. It is expected to depreciate at a rate of 20% per year. What will the value of the computer be in 2 years?

  4. diffeq

    Suppose a species of fish in a particular lake has a population that is modeled by the logistic population model with growth rate k, carrying capacity N, and time t measured in years. Suppose the growth-rate parameter k=.3 and the

You can view more similar questions or ask a new question.