1 you bought an annuity selling at 1213106 today that, Ask an Expert

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1. You bought an annuity selling at $12,131.06 today that promises to make equal payments at the beginning of each year for the next 6 years (N). If the annuity's appropriate interest rate (I) remains at 11.00% during this time, then the value of the annual annuity payment (PMT) is ...?

a. $3,229.16

b. $6,672.08

c. $2,583.33

d. $3,745.83

2. A firm has total assets of $638,727, current assets of $203,015, current liabilities of $122,008, and total debt of $348,092. What is the debt-equity ratio?

a) 1.03

b) 1.20

c) 1.31

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92687883

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