Homework Answers

ho drill 6-2 (510 minutes) (a)| Simple worry of $2,400 ($30,000 X 8%) per year X 8| $19,200| | Principal| 30,000| | aggregate pull back| $49,200| | | | (b)| gratify compounded annually proximo quantify of1 @ 8% for 8 periods| 1.85093| | | X $30,000| | Total retire| $55,527.90| (c)| Interest compounded semiannually prospective apprize of 1 @ 4% for 16 periods| 1.87298| | | X $30,000| | Total withdrawn| $56,189.40| draw and quarter along 6-4 (1520 minutes) (a)| hereafter rate of an average rente of $5,000 a period for 20 periods at 8%| $228,809.80| ($5,000 X 45.76196)| | agentive post (1 + .08)| X 1.08| | | Future set of an annuity repayable of $5,000 a period at 8%| $247,114.58| | (b)| feed value of an mean(a) annuity of $2,500 for 30 periods at 10%| $23,567.28| ($2,500 X 9.42691)| | work on out (1 + .10)| X 1.10| | | present tense value of annuity due(p) of $2,500 for 30 periods at 10%| $25,924.00| (Or see flurry 6-5 which gives $25,924.03)| (c)| Future value of an ordinary annuity of $2,000 a period for 15 periods at 10%| $63,544.96| ($2,000 X 31.

77248)| | Factor (1 + 10)| X 1.10| | | Future value of an annuity due of $2,000 a period for 15 periods at 10%| $69,899.46| | | | | | (d)| present value of an ordinary annuity of $3,000 for 6 periods at 9%| $13,457.76| ($3,000 X 4.48592)| | Factor (1 + .09)| X 1.09| | | Present value of an annuity due of $3,000 for 6 periods at 9%| $14,668.96| (Or see Table 6-5)| EXERCISE 6-11 (1015 minutes) (a)Total involvement = Total paymentsAmount owed today $155,820 (10 X $15,582) $100,000 = $55,820. (b)Amos should borrow from the bank, since the 8% gram is lower than the...If you want to get a full essay, sign it on our website: Orderessay

If you want to get a full information about our service, visit our page: How it works.