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bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
Calculate the annual cash flows (annuity payments) from a fixed-payment annuity if the present value of the 15-year annuity is $750,000 and the annuity earns a guaranteed annual return of 6.85%. The payments are to begin at the end of 5 years. In this case, the first annuity is to be received 5 years from today. The initial sum today will have to be compounded by 5 periods to estimate the annuities.
----------- ----------- ----------- -----------Fir-----------stl-----------y, -----------fin-----------d t-----------he -----------val-----------ue -----------of -----------cas-----------h a-----------t t-----------he -----------end----------- of----------- 5 -----------yea-----------rs.----------- PV----------- = -----------750-----------000----------- N -----------= 5----------- R -----------= 0-----------.06-----------85 -----------PMT----------- = -----------0 U-----------sin-----------g e-----------xce-----------l f-----------unc-----------tio-----------n, -----------FV -----------= F-----------V(R-----------,N,-----------PMT-----------,PV-----------) F-----------V(0-----------.06-----------85,-----------5,0-----------,-7-----------500-----------00)-----------