2.Suppose you deposited $75,000 in a bank account that pays 2.50% with daily compounding based...
50.1K
Verified Solution
Link Copied!
Question
Accounting
2.Suppose you deposited $75,000 in a bank account that pays 2.50% with daily compounding based on a 360-day year. How much would be in the account after 9 months, assuming each month has 30 days? - please show work and circle final answer
3.Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity that will provide her with income of $80,000 per year for 20 years, beginning a year from today. The going rate on such annuities is 5.25%. How much would it cost her to buy such an annuity today?
4.What is the PV of an ordinary annuity with 4 payments of $28,000 at an interest rate of 5.35%?
5.What's the present value of a perpetuity that pays $15,000 per year if the appropriate interest rate is 6.5%?
please answer all questions and show work for each
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
