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Present Value Assignment | Homework For You

Author:
June 8th, 2020
2. What is the present value (or purchase price) of an annuity product which will pay you $2,000 at the end of each year for the next 15 years? Use aninterest rate of 9%.Homework For You
3. You currently have $7,500 to invest. You can invest the full amount now for a period of 9 years, at which time you want to have $15,000. Approximately what rate of return is needed to accomplish this investment goal?
4. You receive an inheritance of $25,000 and promptly invest it in an account which yields an $25,000 last?
5. You are trying to decide between investing $3,000 or $4,000 at the beginning of each year for the next 20 years into a retirement account yielding 11%. After 20 years, how much extra money would you have in your account if you invested $4,000 annually versus $3,000 annually? 23Get Finance homework help today

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