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  1. business
  2. accounting
  3. a) find the discounted value of payments made at t

a) Find the discounted value of payments made at the end of each year, indefinitely...

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Accounting

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a) Find the discounted value of payments made at the end of each year, indefinitely at j1= 12%, if the first payment is $1,000 and subsequent payments increase by 10% for 5 years. b) An accumulated value of $15,000 at interest 8% compounded semi-annually will be obtained for the payment of $1,500 at the end of each half year. Find a. the number of full payments needed (4 marks) b. the final payment (if needed) at the time of one period after the last full payment (use focal date at end of full payment) ( 4 marks)

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