(PLEASE SHOW ALL WORK AND VALUES) (PLEASE SHOW ALL WORK AND VALUES) 32) Fill in
ID: 2811989 • Letter: #
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(PLEASE SHOW ALL WORK AND VALUES)
(PLEASE SHOW ALL WORK AND VALUES)
32) Fill in the missing number of payments or years (waiting period) in the following table for an ordinary annuity stream. Number Interest Rate Future ValueAnnuit 6% 5% 10% 4% $250.00 S5,794.62 $400.00 S636.48 S100,000.00 S80.80 Present Value S2,867.48 0 S6,000.00 0 0 0 33) Tony is offering two repayment plans to Phil for a long overdue loan. Offer 1 is to receive a visit from an enforcer and the debt is due in full at once. Offer 2 is to pay back $3,900 per year at a 20% interest rate until Phil pays off the loan principal. Phil owes Tony S15,000. How long will it take Phil to pay off the loan if he takes offer 2? 34) Your grandfather will sell you a piece of b nt property for $72,500. He says the price is firm whenever you can pay him cash. You know your finances will allow you to save only $5,000 a year and you can make 8% on your investment. If you invest faithfully every year at the end of the y necessary $72,500 future cash for the beachfront property? ear, how long will it take you to accumulate theExplanation / Answer
32)
use excel formula to find number of years=NPER(rate,pmt,pv,fv)
1)
number of years is=NPER(6%,250,-2867.48,0)=20.00
2)
number of years is=NPER(8%,-400,0,5794.62)=10.00
3)
number of years is=NPER(10%,636.48,-6000,0)=30.00
4)
number of years is=NPER(4%,-80.80,0,100000)=100.00
the above are answer..
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