1) An Annuity of $1200 paid every quarter for 10 years has a current/present value of $ 32826.58. What is the interest rate? 2) Consider a lump sum of $1500000 paid into an account that generates a 7 year annuity with quarterly payments. With interest rate of 9% how much will the PMT be? 3) Find the FV of a annuity due with a payment of $30 every year for 4 years, Interest rate is 9%.

1) An Annuity of $1200 paid every quarter for 10 years has a current/present value of $ 32826.58. What is the interest rate? 2) Consider a lump sum of $1500000 paid into an account that generates a 7 year annuity with quarterly payments. With interest rate of 9% how much will the PMT be? 3) Find the FV of a annuity due with a payment of $30 every year for 4 years, Interest rate is 9%.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...

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