3. At the end of every week, for 2 years, Carlo puts $35 into an account that earns 5.2% per year, compounded weekly. a) Draw a time line to represent this annuity. b) Determine the amount of the annuity c) How much interest was earned?

Q: 3. Find the present worth of perpetuity of P10,000 semi annually with an interest rate of 10%…

A:

Q: Acme Annuities recently offered an annuity that pays 4.2% compounded monthly. What equal monthly…

A: According to the given information, if a monthly payment P is deposited for 16 years with a return…

Q: Find the present value of an annuity of $5000 paid at the end of each 6-month period for 2 years if…

A: Solution

Q: 4.- Acme Annuities recently offered an annuity that pays 7.8% compounded monthly. What equal monthly…

A: Given data,  Interest rate = 7.8% = (7.8/12)% monthly  => Interest rate = 0.0052 monthly Final…

Q: If you deposit $250 each month into an individual retirement account (IRA) that earns 4.8% interest…

A:

Q: Find the present value of an annuity if the first monthly payment ₱6,200 is made at the end of 4…

A: given monthly payment P=2600 rate of interest r=12.6% compounded monthly implies r=12.6% per year…

Q: 28. An investment offers an annuity that pays 5.5% compounded monthly. What equal monthly deposit…

A: From given A = 50,000, r = 5.5% and n = 5(12) = 60.

Q: A man wishes to have P1,400,000.00 when he retires 15 years from now. If he can expect to receive 4%…

A: We will find out the required value.

Q: A payment of $6,500 was made into an account at the end of every 3 months for 12 years. a. If the…

A: Given-  Payment of $6,500 was made in to an account at the end of every 3 months for 12 years. Here…

Q: Acme Annuities recently offered an annuity that pays 7.2% compounded monthly. What equal monthly…

A: Formula :-

Q: Find the present value of an annuity due that pays $4000 at the beginning of each quarter for the…

A:

Q: Assume that you make a quarterly payment of $750 into an annuity paying 9% interest compound…

A:

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $447 per month…

A: From the given information, it is observed that the deposit is $447 per month into an account paying…

Q: A $18,000 loan is to be amortized for 10 years with quarterly payments of $687.19. If the interest…

A: Given Data: P=Loan amount/ Principal=$18000 R=Rate of interest= 9% N= Number of monthly…

Q: An architect is entitled to received 35,000 pesos at the beginning of each year for 18 years. What…

A:

Q: A payment of $13,675 is due in 2 year, $16,500 is due in 5 years, and $8,200 is due in F years. What…

A:

Q: 7. Find the future value of an annuity where $1000 is deposited at the end of each quarter for 6…

A: According to the problem, we have

Q: Find the present value of an ordinary annuity with deposits of $23,591 every 6 months for 8 years at…

A: The present value is given as P=$23591 Rate = r = 10% semi annually = 0.102=0.05 Time = t = 8 years…

Q: 3. Determine the Present Value of an annuity which provides payment of $1200 every month for 6…

A: Concept: Future value: Amounts of money or streams of cash flows that are anticipated in the future…

Q: Find the present value of an annuity of $6000 paid at the end of each 6-month period for 8 years if…

A: The periodic payments of the annuity is R=$6000 Periodic rate of interest =i=0.082=0.04 Number of…

Q: Find the amount of an ordinary annuity of 20 semi-annual payments of P1, 000 if interest rate is 12%…

A: To find The amount of an ordinary annuity.

Q: A relative wills you an annuity paying $4,000 per quarter for the next 10 years. If money is worth…

A: We have given the value of each payment i.e  P= $4000 Rate of interest   (r) = 8%  Total year is 10…

Q: 8. A loan of 67,000 pesos is to be amortized by paying quarterly in 1 year. If the money is worth…

A:

Q: Find the present value (in dollars) of an annuity that pays $4,000 at the end of each 6-month period…

A: See solution below. Here we used some basic formula

Q: 31. An account is opened with an initial deposit of $6,500 and earns 3.6% interest compounded…

A: Given that,An account is opened with an initial deposit of $6,500 and earns 3.6% interest compounded…

Q: man is disabled in an accident and wants to receive an insurance payment that will provide him with…

A: Given query is to find the total amount after 10 years with $1800 month,6% compounded monthly.

Q: Suppose that an annuity has a present value of P = 1 million dollars. What interest rate r would…

A:

Q: 12) As part of his retirement planning, Mr. Allen purchases an annuity that pays 19 % compounded…

A: According to the given information, Rate of annuity (r) = 19% Yearly payment = $3500 Time (n) = 2.5…

Q: An employee is entitled to a 10 yearly grant of 25,000 pesos each starting at the end of the…

A: In  the question it is given that an employee is entitled a 10 yearly grant of 25,000 pesos starting…

Q: 11) As part of her retirement planning, Mrs. Campbell purchases an annuity that pays 5 % compounded…

A:

Q: Suppose that an annuity produces one payment per year for 17 years, starting on July 4, 1776. If the…

A:

Q: You deposit $ 150 every 6 months into an annuity with an annual interest rate of 13.5% compounded…

A: This is a type of ordinary annuity where payments are made at the end of each period such as…

Q: Find the present value of an ordinary annuity with deposits of $6,258 each year for 8 years at 9.6%…

A:

Q: A payment of $14,575 is due in 1 year, $16,500 is due in 5 years, and $8,300 is due in 6 years. What…

A: Please refer to the image below

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $421 per month…

A: Given information Amount deposited per month R=$421 Rate of interest r=3% compounded monthly…

Q: 32) As part of her retirement planning, Mrs. Smith purchases an annuity that pays 16% compounded…

A:

Q: Suppose you put $475 a month for retirement into an annuity earning 6% compound monthly. If you need…

A: Given, Suppose you put $475 a month for retirement into an annuity earning 6% compound monthly. If…

Q: 2. Will wants to set up an account to be used for travel when he retires in 30 years. He is able to…

A: According to the company policy, we can answer only first question

Q: If you make quarterly payments of $5-41.00 into an ordinary annuity earning an annual interest rate…

A:

Q: 4. What principal must be deposited in a 4.5% saving account compounded monthly in order to have a…

A:

Q: The managers of a pension fund have invested $1.5 million in U.S. government certificates of deposit…

A:

Q: 9) If Juan invests $7,000 at 6% annual interest rate compounded semi-annually Tor 12 years, how much…

A:

Q: How much must be deposited today into the following account in order to have $30,000 in 8 years for…

A:

Q: 2. A Php1,000,000-trust fund was set up and to be used by an 8-year old nephew when he goes to…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: 1. A loan of P200,000 is to be repaid in full after 3 years. If the interest rate is 8% per annum,…

A: We will answer the first question only as we don't answer multiple questions at a time. Please…

Q: As a result of a court settlement, an accident victim is awarded $1.2 million. The attorney takes…

A:

Q: How much must be deposited at the beginning of every six months in an account that pays 5%…

A:

Q: Assuming that no payments are made during the time period, how much money would you owe back after 5…

A: Note: As per company guidelines we are supposed to solve only 1 question. So, kindly repost other…

Q: 19.) What is the maturity value of $12,000 loan for 18 months at 7.2% compounded quarterly? How much…

A:

Q: Suppose that you drive 40,000 miles per year and gas averages $4 per gallon. a. What will you save…

A: Given that you drive 40,000 miles per year and gas averages $4 per gallon.