Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 5. mr ben makes an investment of $20000 and he is

5. Mr Ben makes an investment of $20000 and he is paid fixed amounts annually...

70.2K

Verified Solution

Question

Finance

5. Mr Ben makes an investment of $20000 and he is paid fixed amounts annually for twelve years. The required rate of return is 8.5%. Calculate the amount of annual payments. ii. calculate the amount of fixed payments if they are paid semiannually.

6. Calculate the EAR for the following cases: APR Number of times Compounded 9% quarterly 13% monthly 16% daily 19% semiannually

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

TCO B) Morris, CPA suspects that a pervasive scheme of illegalbribes exists throughout the...

Finance
1.2K views

Guzman Trucking Company needs to acquire a new machine to expand its operations. The machine can...

Accounting
1.2K views

All jurisdictions have legislation protecting seniority and benefits for qualified employees who are members of the...

Basic Math
1.2K views

The Sugar Sweet Company delivers sugar to its customers Let C be the total cost...

Statistics
1.2K views

An automobile tire manufacturer collected the data in the table relating tire pressure x in...

Calculus
1.2K views

of co x o t t X t s F s ds solves the initial...

Algebra
1.2K views

Find the domain and range of the function X 3 X 5 y D All...

Accounting
1.2K views

please answer asap will upvote thank you!!! 8 Newion...

Accounting
1.2K views

On January 1, 2024, Splash City issues $500,000 of 9% bonds, due in 20 years,...

Accounting
1.2K views

Ayayai Corporation has the following accounts at December 31: Common Stock, $8 par, 4,500 shares...

Accounting
1.2K views

Pro Forma Financial Statement: Change the following percentages in your excel financial statement for 2020:...

Finance
1.2K views

QUESTION 22 Nickel LLC. has income statement and balance sheet shown below. Investors in Nickel...