Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. two payment streams have the same present value un

Two payment streams have the same present value under effective annual interest rate of 8%:...

60.1K

Verified Solution

Question

Finance

Two payment streams have the same present value under effective annual interest rate of 8%:

1. 5 annual payments of 200, beginning in one year, followed by a monthly perpetuity of $X.

2. 20 payments of 900 every two years, beginning today.

Calculate X.

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

Biology
1.2K views

The range of conditions in which an organism can survive to reproduce is known ascompetitionnichePHtolerance

Finance
1.2K views

Lower interest rates can be attractive for consumers and businesses. But when the federal government lowers...

Statistics
1.2K views

Consider the relationship between hourly wage rate and education attainment. A random sample of 21 male...

Chemistry
1.2K views

1. Calculate the freezing point of a solution that is made from 34.9 g of a...

Finance
1.2K views

In the following ordinary annuity, the interest is compounded with each payment, and the payment is...

Geometry
1.2K views

8 C T 4 Points O Law of Sines O Law of Cosines b 15...

Basic Math
1.2K views

Prove 7 6n 1 is divisible by 36 for every n E N

Statistics
1.2K views

Below is the data for the exam scores of a sample of 9 students The...

Statistics
1.2K views

8 43 of adults say cashews are their favorite kind of nut You randomly select...

Algebra
1.2K views

Find the exact area of this entir EXACT means leave in terms of and in...

Accounting
1.2K views

Urban Outfitters doe not report paying any cash for interest during the year. If it...

Accounting
1.2K views

Return to question 07 5 15 pointi Hauswirth Corporation sold for exchanged) a warehouse in...