Calculate the present value of the following: a-1. Annual payment of $1,100 for 11 years at 4% interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. a-2. Annual payment of $900 for 16 years at 4% interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. a-3. Which option would you prefer? b-1. Annual payment of $1,100 for 11 years at 16% interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b-2. Annual payment of $900 for 16 years at 16% interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b-3. Which option would you prefer? a-1. Present value a-2. Present value a-3. Which option would you prefer? b-1. Present value b-2. Present value b-3. Which option would you prefer?
Calculate the present value of the following: a-1. Annual payment of $1,100 for 11 years at 4% interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. a-2. Annual payment of $900 for 16 years at 4% interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. a-3. Which option would you prefer? b-1. Annual payment of $1,100 for 11 years at 16% interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b-2. Annual payment of $900 for 16 years at 16% interest. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b-3. Which option would you prefer? a-1. Present value a-2. Present value a-3. Which option would you prefer? b-1. Present value b-2. Present value b-3. Which option would you prefer?
Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 12MC: (1) What is the value at the end of Year 3 of the following cash flow stream if the quoted interest...
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