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Author Question: 5-year regular annuity has a present value of $1,000, and if the interest rate is 10%, what is the ... (Read 35 times)

Jipu 123

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Question 1

________ is an annuity with an infinite life making continual annual payments.
◦ Amortized loan
◦ Principal
◦ Perpetuity
◦ APR

Question 2

5-year regular annuity has a present value of $1,000, and if the interest rate is 10%, what is the amount of each annuity payment?
◦ $240.42
◦ $263.80
◦ $300.20
◦ $315.38
◦ $346.87


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Marked as best answer by Jipu 123 on Apr 25, 2021

smrtceo

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Jipu 123

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Reply 2 on: Apr 25, 2021
Wow, this really help


samiel-sayed

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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