Book123 - 1.05 19 2.53 $18,888.35 2031 $47,729.93 1.05 20...

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$1,193,248.20 $47,729.93 Year N 2011 $47,729.93 $47,729.93 2012 $47,729.93 1.05 1 1.05 $45,457.08 2013 $47,729.93 1.05 2 1.10 $43,292.45 2014 $47,729.93 1.05 3 1.16 $41,230.91 2015 $47,729.93 1.05 4 1.22 $39,267.53 2016 $47,729.93 1.05 5 1.28 $37,397.65 2017 $47,729.93 1.05 6 1.34 $35,616.81 2018 $47,729.93 1.05 7 1.41 $33,920.77 2019 $47,729.93 1.05 8 1.48 $32,305.50 2020 $47,729.93 1.05 9 1.55 $30,767.14 2021 $47,729.93 1.05 10 1.63 $29,302.04 2022 $47,729.93 1.05 11 1.71 $27,906.70 2023 $47,729.93 1.05 12 1.80 $26,577.81 2024 $47,729.93 1.05 13 1.89 $25,312.20 2025 $47,729.93 1.05 14 1.98 $24,106.86 2026 $47,729.93 1.05 15 2.08 $22,958.91 2027 $47,729.93 1.05 16 2.18 $21,865.63 2028 $47,729.93 1.05 17 2.29 $20,824.41 2029 $47,729.93 1.05 18 2.41 $19,832.77 2030 $47,729.93
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Unformatted text preview: 1.05 19 2.53 $18,888.35 2031 $47,729.93 1.05 20 2.65 $17,988.91 2032 $47,729.93 1.05 21 2.79 $17,132.29 2033 $47,729.93 1.05 22 2.93 $16,316.47 2034 $47,729.93 1.05 23 3.07 $15,539.50 2035 $47,729.93 1.05 24 3.23 $14,799.52 Sum of all payments: $706,338.14 Take the Lump Sum Amount to be divided Amount to be paid Amount to be paid (1+Interest Rate) Present Value of payment 50000 $50,000.00 50000 1.1 1 1.1 $45,454.55 50000 1.1 2 1.21 $41,322.31 50000 1.1 3 1.33 $37,565.74 50000 1.1 4 1.46 $34,150.67 Err:522 5,900,000.00...
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This note was uploaded on 04/13/2008 for the course MATH 1324 taught by Professor N during the Spring '08 term at Texas A&M.

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Book123 - 1.05 19 2.53 $18,888.35 2031 $47,729.93 1.05 20...

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