Determine the present value
Determine the present value of a deferred perpetuity-due paying $1000 monthly if the deferred period is 5 years and the interest rate is i=0.08.
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A passbook savings account has a rate of 12.7%. Determine the effective annual yield if the interest is compounded semiannually.
How much money should be deposied today in the account which earns 5% componded monthly so that it will accumulate to $8000 in 11 years?
The pharmaceutical company manufacturing this brand of insulin describes that only 3% of people who use insulin will make such chemical reaction. Employ a 1% level significance to test the claim which actual proportion of people who make such inhi
An annuity pays $4000 at the end of each 6-month period for 6 years. Determine its present value if the nominal interest rate is
A loan is repaid with the series of payments at the end of each month for four years at a nominal rate of i^(12) = 0.06. If amount of principal in the fourth payment is $375.27, then determine the amount of the loan and the principal repaid in the
A 30-year loan is to be repaid with the equal installments at the end of each year. The amount of interest in the 7th installment is $100 and amount of interest in the 19th installment is $80. Determine the amount of interest paid in the 25th ins
Determine the present value of an annuity-due of $1600 per annum payable quarterly for 5 years if i^(12)=0.06.
Determine the present value of a 15-year annuity that pays $3500 at the end of each month if the effective rate of interest is i = 0.09.
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