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We can loan up to $500 to Henderson occupants, in view of qualifying elements. On the off chance that endorsed, your credit will be expected on your next payday that falls in the vicinity of 10 and 31 days after you get your advance. Nitty gritty data with respect to expenses and reimbursement is accessible on our Rates and Terms page. As you consider whether an advance is proper for your prompt needs, you ought to likewise investigate other subsidizing alternatives. A payday credit is a genuine budgetary duty, and not an answer for long haul issues. Getting from a companion of relative may be a superior alternative.
Would would i put in for cfj, pmt, pv, i , n etc. to get the answer for this?? 1. A local magazine is offering a $2,500 grand prize to one lucky winner. $1,000 will be paid on the day of the drawing. The remaining $1,500 will be paid in three annual payments of $500 each, starting one year after the drawing. How much would this prize be worth to you if you can earn 9 percent on your money? 2. Anne plans to save $40 a week for the next 5 years. She expects to earn 3 percent for the first 2 years and 5 percent for the last 3 years. How much will her savings be worth at the end of the 5 years? 3. You will receive annual payments of $2,400 at the end of each year for 15 years. The first payment will be received in year 6. What is the present value of these payments if the discount rate is 7 percent?
On a TI BA II Plus , CF is the register for uneven cash flows, but problem #1 is an annuity. Get the PV of an Annuity, N 3, Rate 9%, PMT 500. Compute PV - Answer 1,266 plus the 1,000 received on day 1 - Total PV 2,266 Henderson - using the Cash Flow register, enter 1,000 for CF0, 500 for CO1, 3 For FO1, Rate 9, Compute NPV. Answer 2,266. 2. (a) PMT 40, N 2 x 52, or 104, R 3% / 52, or .05769%. FV at end of Yr 2 = 4,286. FV at end of Yr 5 - PV 4,286, N 3, R 5%. Compute FV 4,962 (b) PMT 40, N 3 x 52, or 156, R 5% / 52, or .09615%. FV 6,729. Total FV 11,691 3. PV of Annuity of 2,400, N 15, R 7%. PV at T6 = 21,859. PV at T0 = 14,566
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