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Home / Questions / A) The present value of $61,454 to be received in 16 years at 7.49% is how much? B) For a...

A) The present value of $61,454 to be received in 16 years at 7.49% is how much? B) For an annuity in arrears, what annual payment is required to accumulate $672,717 in 19 years at an interest rate

A) The present value of $61,454 to be received in 16 years at 7.49% is how much?

B) For an annuity in arrears, what annual payment is required to accumulate $672,717 in 19 years at an interest rate of 12.54?

C) To stay "even" (same purchasing power) with inflation forecast at 4.5% per year, what would your salary need to be in 9 years if you currently earn $54,096 per year?

D) A $650,798 warehouse if being purchased by your company. The deal requires a down payment of 84,328 with the remainder of the purchase price paid over 20 years, payments in advance. The annual interest rate applicable is 6.18. What monthly payment in advance will be required to pay off this loan?

 

Jul 13 2021 View more View Less

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