Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you are scheduled to receive annual payments of $1

You are scheduled to receive annual payments of $10,400 for each of the next 20...

80.2K

Verified Solution

Question

Finance

You are scheduled to receive annual payments of $10,400 for each of the next 20 years. The discount rate is 8.0 percent. What is the difference in the present value if you receive these payments at the beginning of each year rather than at the end of each year?

a) $10,052.64

b) $10,400.00

c)$11,232.00

d) $8,168.70

e) $8,676.22

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

Basic Math
1.2K views

An internet search engine looks for a certain keyword in a sequence of independent websites. It...

Mechanical Engineering
1.2K views

Describe the potential land impacts of wind turbine installation.

General Management
1.2K views

Write a letter to GE, American Airlines, Microsoft, Comcast, Verizon, or another company to complain about...

Biology
1.2K views

In the formula, (AVG number tagged)/(AVG caught) = (total number tagged)/X, what does "X" represent?...

Basic Math
1.2K views

Is life so dear or peace so sweet as to be purchased at the price...

Basic Math
1.2K views

A map that was created using a scale of 1 inch : 3 miles shows...

Statistics
1.2K views

ook int int ences Sydney Retailing buyer and Troy Wholesalers seller enter into the following...

Calculus
1.2K views

Question 4 13pts Work out the questions from the given graph of the function f...

Calculus
1.2K views

Please show all your work NO WORK NO CREDIT G R K If all the...

Accounting
1.2K views

Need the Analysis worksheet and Performance report! Frank Weston, supervisor of the Freemont Corporation's...

Finance
1.2K views

The following table shows sample satary information for employees with bachelor's and associate's degrees for...

Finance
1.2K views

Suppose a recent college graduate's first job allows her to deposit $150 at the end...