A 305. Find the equated date at which the original payments are equivalent to the single payment. State your answer in yearsand months (from 0 to 11 months).Original Payments$1863.00 due today and$787.00 due in 6 yearsInterestRate9%Frequency ofConversionmonthlySingle Payment$3222.29In year(s) and month(s) the single payment will be equivalent to the original payments.

The equivalent payment is the method of finding out the cumulative worth at a future date to compare…

Answered: Find the equated date at which the…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Find the equated date at which the original payments are equivalent to the single payment. State your answer in years and months (from 0 to 11 months). Original Payments Interest Rate Frequency of Conversion $878.00 due today and 4% quarterly $871.00 due in 5 years Single Payment $1842.03 In year(s) and month(s) the single payment will be equivalent to the original payments.
Find the equated date at which the original payments are equivalent to the singie payment. State your answer in years and months (from 0 to 11 months Original Payments Interest Rate Frequency of Conversion Singie Payment $1083.00 due today and $1144.00 due in 5 years 8% semi-annually $2413.30 In yearts) and month(s) the single payment will be equivalent to the onginal paymenis
KE Find the equated date at which the originat payments are equivalent to the single payment State your answer in years and months (from 0 to 11 months) Original Payments Single Payment $1047 00 due today and $1308.00 due in 4 years Interest Rate 5% Frequency of Conversion semi-annually $2624 59 In year(s) and month(s) the single payment will be equivalent to the original payments
Compute the future values of the following annuities first assuming that payments are made on the last day of the period and then assuming payments are made on the first day of the period: (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) Payment $ 183 5,155 75,084 167,932 Years 13 8 5 9 Interest Rate (Annual) 12% 11 13 4 Future Value (Payment made on last day of period) 4 Future Value (Payment made on first day of period)
Compute the future values of the following annuities first assuming that payments are made on the last day of the period and then assuming payments are made on the first day of the period: (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) Future Value (Payment Payment Years Interest Rate (Annual) made on last day of period) $ 243 15 12 % 5,755 10 11 75,684 7 13 168,532 11 4 Future Value (Payment made on first day of period)
Compute the present values of the following annuities first assuming that payments are made on the last day of the period and then assuming payments are made on the first day of the period: (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) Present Value Present Value Interest Rate (Payment made on last day of period) (Payment made on first day of period) Payment Years (Annual) 748.09 8. 14 % 8,668.26 14 7 21,022.93 24 70,412.54 32
Compute the nominal rate of intrrest at which $980 deposited at the end of eaach month quaretly for 11 years and 9 months will amount to $34000.00
Find the present value of the following perpetuity. Perpetuity Payment Payment Period Made Interest Conversion At: Rate Period $130 end 3 months 8.6% monthly The present value is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Calculate the principal and interest portions of the specified payment for this ordinary annuty, and give the balance remaining after that payment For full marks your answer should be rounded to the nearest cont Payment Principal Interest Balance Payment Frequency Term Number to Find Interest Payment Loan Principal Paid Paid After Payment 4. 0.00 0.00 0.00 $45,000.00 3.50 % compounded quarterly $3,250.97 Semi-annual 8 years
Complete the table by filling it with period of deferral and number of payments for each item. Given Period of Defferal Number of Payments 1) Monthly payments of P2500 for 3 years that will start 1 year from now. 2) Semi-annual payments of P10,000 for 10 years that will start 5 years from now. 3) Annual payments of 10,000 for 10 years that will start 2 years from now. 4) Quarterly payment of P9,567.32 for 4 years that will start 1 year from now. 5) Quarterly payments of P3,500 for 3 years that will start 6 months from now.
Original payment of $3057 due today is settled by two equal payments due in 2 and 8 months. Assuming the interest rate is 4% p.a., determine the size of the equal payments.
David would like to make a single payment of $2000 at the end of year 7 so that it will be equivalent to payments of $100, $1000, and $900 made at the ends of years 1, 12, and X years, respectively. Assuming an effective rate of interest of 5% per annum and the method of equated time, solve for X. Round your answer to 2 decimal places.

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