Present Value of Investment Assignment | Homework For You
May 29th, 2020
You have your choice of two investment accounts. Investment A is a 6-year annuity that features end-of-month $2,600 payments and has an interest rate of 9 percent compounded monthly. Investment B is an annually compounded lump-sum investment with an interest rate of 11 percent, also good for 6 years.

How much money would you need to invest in B today for it to be worth as much as Investment A 6 years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value
Find the EAR in each of the following cases. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Use 365 days in a year.) Effective Rate (EAR) Stated Rate (APR) PPI 8.50 % 17.50 % 14.50 % 10.50 % Number of Times Compounded Quarterly Monthly Daily Semiannually. Get Finance homework help today
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