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Author Question: You just deposited $2,600in a bank account that pays a16% nominal interest rate, compounded ... (Read 124 times)

lrhoads

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on: Aug 7, 2023

Question 1

You have a chance to buy an annuity that pays $480at the beginning of each year for4years. You could earn 5.25% on your money in other investments with equal risk. What is the most you should pay for the annuity?

◦

$1,512.84


◦

$1,587.20


◦

$1,781.06


◦

$1,643.75



Question 2

You just deposited $2,600in a bank account that pays a16% nominal interest rate, compounded quarterly. If you also add another $5,500to the account 1 year (12 months) from now and another $7,200to the account 2 years from now, how much will be in the account 3 years (12 quarters) from now?

◦

$20,422.75


◦

$20,339.98


◦

$20,256.61


◦

$20,112.79

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by lrhoads on Aug 7, 2023

3ginamay

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lrhoads

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review

jackie

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

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