If a hospital received $9,000 in payments per year at the end of each year for the next (12) years from an uninsured patient who underwent an expensive operation, what would be the current value of these collection payments: at a 4% rate of return? at a 8% rate of return? at a 4% rate of return if the payments were received at the beginning of the year? at a 8% rate of return if the payments were received at the beginning of the year?

Volvo company want to invest a lump sum amount that will provide the company with $10,000 at the beginning of every month in perpetuity to help pay for its employees' monthly salaries. How much should be invested in a fund that provides an interest rate of 10% compounded quarterly?

Peg plans to have laser eye surgery. The total cost of $2500 will be paid with a 48-month installment loan with an APR of 4.5%. Determine Peg's total finance charge.

each year? 19. The chief financial officer of a home health agency needs to determine the present value of a $120,000 investment received at the end of year 5. What is the present value if the discount rate is a. 3 percent? b. 6 percent? C. 9 percent? d. 12 percent?

You volunteer on a local fire department and are asked to help in the purchase of a new fire engine. You seek out a loan from a bank in which they state the annual interest on the loan would be 10%. However, the interest compounds once per quarter. What is the effective annual percentage rate (APR) if you select this loan?     10.38%     10%     15.1%     1.11%

In this exercise, we consider the effects of starting early or late to save for retirement. Assume that the account considered has an APR of 7.2% compounded monthly. Against expert advice, you begin your retirement program at age 40. You plan to retire at age 60. What monthly contributions do you need to make to reach a nest egg of $137,799.63 at retirement? (round to your nearest cent)

Dog Care Co. wants to finance a new animal shelter by making eight annual deposits into a fund earning 11​% compounded annually. The first four deposits are to be $19,000 each and will be paid at the beginning of the next four years. The last four deposits are to be $27,000 each and will be paid at the beginning of the last four years.   The cost of the new animal shelter amounts to:

Assume that you want to have $ 4450 saved in a sinking fund in 1 year. The account pays 2% compounded monthly. What should be your monthly payments?

Live Forever Life Insurancce Co. is selling a perpetuity contract that pays $1,400 monthly. The contract currently sells for $215,000. What is the monthly return on this investment vehicle? What is the APR? The effective annual return?

Annual contributions of $1,000 will be made to a TFSA for 25 years. The contributor expects investments within the plan to earn 7% compounded annually. What will the TFSA be worth after 25 years if the contributions are made: a. At the end of each year? (Round your answer to 2 decimal places.) TFSA's worth $ b. At the beginning of each year? (Round your answer to 2 decimal places.) TFSA's worth 69 c. By what percentage does the answer to Part (b) exceed the answer to Part (a)? (Do not round intermediate calculations and round your final percentage answer to 1 decimal place.) Percent difference %