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Airport12lt
14.06.2020 •
Mathematics
What must Bill McGuire invest today to receive an annuity of $12,000 for four years semiannually at a 10% annual rate? All withdrawals will be made at the end of each period.
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Ответ:
$77,558.55
Step-by-step explanation:
A fix periodic payment for specific period of time.
We need to calculate the present value annuity to determine the value of investment today.
Present value of annuity = P x ( 1 - ( 1 + r )^-n / r )
where
P = Periodic payment = $12,000
r = interest rate = 10% / 2 = 5%
n =numbers of payment = 4 years x 2 = 8 payments
Placing values in the formula
Investment Value today = $12,000 x ( 1 - ( 1 + 5% )^-8 / 5% )
Investment Value today = $77,558.55
Ответ:
its 2 its right infront of you
Step-by-step explanation: