Finance

4-1: C. Annuity- A series of payments of a fixed amount for a specified number of periods Lump-Sum Payment- whiz large payment invent all at once, in lieu of several grim payments made at fixing or infrequent intervals. coin accrue- The difference between the operable hard currency at the arising of an history period and that at the finale of the period. Uneven change Flow Stream- Any series of cash flows that doesnt adapt to the explanation of an annuity I. Effective yearbook esteem(EAR or sleep with%)- also called the tantamount(predicate) annal position is the range that would maintain the alike(p) future value chthonian yearly heighten as would more frequent heighten at a minded(p) shape rate Normal (quoted) touch on rate- refers to the rate of bear on before adjustment for lump (in contrast with the real interest rate); or, for interest rates as stated without adjustment for the replete(p) onus of compounding (also referred to as the titulary annual rate). An interest rate is called nominal if the frequency of compounding (e.g. a month) is non identical to the raw material time unit (normally a year). APR- The annual percentage rate, or APR, is the interest rate charged on the amount borrowed.

It reflects the annual cost of borrowing money half-yearly Rate- The periodic interest rate, sometimes called the nominal rate, is the interest rate a lender charges on the amount you borrow. Problem 4-1 10,0000*(1+.10)^5 $16,105.10 4-2: 19=5000/1.07=4672.90FV20/Z(1-k)n= 18=4672.90/1.07=4,367.201292.095014 17=4367.20/1.07=4,081.50 16= 4081.50/1.07=3,814.49 15= 3,814.49/1.07=3,564.94 14=3564.94/1.08=3,331.72 13=3331.72/1.07= 3,113.77 12=3113.77/1.07=2,910.05 11=2910.05/1.07=2,719.68 10=2719.68/1.07=2,541.75 9=2541.75/1.07=2,375.47...If you exigency to discombobulate a full essay, indian lodge it on our website: Ordercustompaper.com

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