Xenia has a 16 year annuity immediate making annual payments that grow geometrically at the rate 8.000%. T first payment is $4500.00 and the interest rate is ¡(4) = 9.250%$. What is the present value of her annuity? O a. Q = $62,619.36 O b. Q = $63,210.11 O c. Q = $64,982.36 O d. Q = $59,665.62 e. Q = $59,074.87
Xenia has a 16 year annuity immediate making annual payments that grow geometrically at the rate 8.000%. T first payment is $4500.00 and the interest rate is ¡(4) = 9.250%$. What is the present value of her annuity? O a. Q = $62,619.36 O b. Q = $63,210.11 O c. Q = $64,982.36 O d. Q = $59,665.62 e. Q = $59,074.87
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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6. math of interest. please solve it correctly. Not graded question
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