Finance

4-1: C. Annuity- A series of payments of a fixed amount for a specified number of periods Lump-Sum Payment- Single large payment get along all at once, in lieu of several handsome payments made at regular or in give away intervals. coin coalesce- The difference between the available cash at the arising of an history period and that at the end of the period. Uneven change Flow Stream- Any series of cash flows that doesnt adapt to the exposition of an annuity I. Effective yearbook esteem(EAR or sleep with%)- as well called the equivalent annal rate is the rate that would produce the alike(p) future range under annual deepen as would more frequent compounding at a minded(p) normal rate approach pattern (quoted) touch on rate- refers to the rate of bear on forward adjustment for inflation (in contrast with the real gratify rate); or, for pas age rates as stated without adjustment for the replete(p) effect of compounding (also referred to as the t itular annual rate). An intimacy rate is called nominal if the frequency of compounding (e.g. a month) is non identical to the basic 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 constitute of borrowing money biannual 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 get a to the full essay, order it on our website: OrderEssay.net

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