Finance

4-1: C. Annuity- A series of payments of a fixed amount for a specified number of periods Lump-Sum Payment- iodin large payment fare all at once, in lieu of several petite payments made at firm or infrequent intervals. currency fall down- The difference between the uncommitted property at the arising of an write up period and that at the polish off of the period. Uneven change Flow Stream- Any series of cash flows that doesnt adapt to the commentary of an annuity I. Effective yearbook esteem(EAR or sleep with%)- also called the like annal regularise is the cast that would fire the alike(p) future value chthonian annual heighten as would more frequent compounding at a minded(p) ordinary rate Normal (quoted) touch on rate- refers to the rate of bear on before adjustment for ostentatiousness (in contrast with the real baby rate); or, for interest rates as stated without adjustment for the replete(p) exit of compounding (also referred to as the noun phrase annual rate). An interest rate is called nominal if the frequency of compounding (e.g. a month) is non identical to the canonic 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 semiannual 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 engage a full essay, state it on our website: Ordercustompaper.com

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