answersLogoWhite

0


Best Answer

85,109 if the payments are received at the start of each year and 78,804 if they are received at the end of each year

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the present value of a 30 year annuity with payments of 7000 per year if interest rates are 8 percent annually?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the present value of a 30 year annuity with payments of 800 per year if interest rates are 12 percent annually?

The PV of a 30 year 800 per year annuity is 6,444 if the payment is received at the end of the year and 7,217 is the payment is received at the start of the year


What is the future value on an ordinary annuity of 12000 dollars per year for three years at 9 percent interest compounded annually?

39,337.20


If 5 year annually annuity had a yield at 6 percent what its duration?

BY Gautam Brahma Duration of a level annuity is given by the formula ( 1+yield/yield )- (No of payments)/{(1+yield)^no of payments -1} i.e (1.06/.06) - (5)/{(1.06)^5-1} i.e 2.88 years


How much would you be willing to pay for a 10-year ordinary annuity if the payments are 500 per year and the rate of return is 6.25 percent annually?

I wouldn't. I make better investments than that.


What is the interest rate on a ing variable annuity?

The interest rate on an ING variable annuity account as obtained via their official company website is anywhere from the 2.5 percent to 3.5 percent range.


An annuity pays out 20000 per yer in perpetuity if the intereset rate is 5 percent compounded annually find the presenet value of the whole annuity?

400000


5 percent interest compounded annually means percent paid every?

year


What does 4.9 percent p. a. interest mean on a credit card?

It means the percent of interest paid annually (p.a. means per annum).


How much interest will be earned on 1250 at a 5 percent interest annually?

5% ($72.50) per year.


How do you converts interest rate from compounding quarterly to compound annually?

Interest of r% per quarter is equivalent to {(1+r/100)4 - 1} percent annually.


What is the simple interest paid annually for 5 years on a 700 loan at 11 percent per year?

The interest paid annually is 700*5/100 = 35


How much interest would be paid on 11000.00 at 6 percent per month?

11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.11000*6/100 = 6606% per month is an outlandish interest rate - equivalent to more than 100 percent annually.