Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. what is the present value of a 8-year annuity of $

What is the present value of a 8-year annuity of $3,500 per year that has...

60.1K

Verified Solution

Question

Accounting

What is the present value of a 8-year annuity of $3,500 per year that has payments made at the beginning of each year? The interest rate is 11 percent. (Enter your answer as a positive number rounded to 2 decimal places. )

What is Present Value?

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

the following statements are given (A) a parallelogram with a right angle is a rectangle (B)...

Basic Math
Q

Saccharin, an artificial sweetener that is 300 times sweeter than sugar, is composed of 45.9% carbon,...

Chemistry
Q

How do you calculate the pH of 1.0 Moles of HClO, HCO2H, and KHCO2?

Chemistry
Q

designing a boiler in a chemical plant which is operated on twolevel L1 and L2 and...

Mechanical Engineering
Q

characteristics that developed from a common ancestor adaptation that helps an organ ism to blend...

Biology
Q

The vertical component of earth s magnetic field at a place is 75 of the...

Physics
Q

The time dependence of a physical quantity p is given by p po exp at2...

Physics
Q

Write the fraction in lowest terms 245 80 Select the correct choice below and fill...

Algebra
Q

10 Simplify logo b by by first applying the property for the logarithm of a...

Algebra
Q

please show formulas. also the absolute functions such as $B$9 do NOT WORK for me....

Accounting
Q

Orie and Jane, husband and wife, operate a sole proprietorship. They expect their taxable income...

Accounting
Q

2. What sort of organizational design will support her strategy? How

Accounting