5. Quarterly payment of 15,000 for 10 years with interest rate of 8% compounded quarterly. Find the present value of the simple annuity. What information are given? R =. ; j= ; n= What formula will you use in finding the present value? How much is the present value?

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: Find the future value of an ordinary annuity of $600 paid at the end of each year for 7 years, if…

A: To find the future value

Q: Find the future value of the following annuity due. Assume that interest is compounded annually,…

A: Future value of Annuity Due = P1+rn-11+rr ; where P- Periodic payment ; r - rate per period and…

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: Find the present value P and amount F of the ordinary annuity  1. Quarterly payments of 2000 pesos…

A: Quarterly payments of 2000 pesos for 5 years with an interest rate of 8% compounded quarterly. We…

Q: A contract requires lease payments of $900 at the beginning of every month for 9 years. a. What is…

A:

Q: Use the ordinary annuity formula shown to the right to determine the accumulated amount in the…

A:

Q: A loan of 51000 dollars at 7.8 percent interest compounded annually is amortized with 11 equal…

A: We will find out the required value of equal size of payment.

Q: A $1,000,000 lottery prize pays $50,000 per year for the next 20 years. If the current rate of…

A: Solution: Duration of Investment (t) =20 years Interest Rate (r) = 6.25%=6.25100=0.0625 PMT (m) = $…

Q: A contract requires lease payments of $800 at the beginning of every month for 6 years. a. What is…

A:

Q: A group of private investors purchased a condomonium complex for $2.5 million. They made an initial…

A: Calculate the down payment DP and thus the loan amount P.

Q: Carl is the beneficiary of a $25,000 trust fund set up for him by his grandparents. Under the terms…

A:

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

A:

Q: Use a calculator to evaluate the present value of an annuity formula -nt- 1 - 1 + P = m n for the…

A: Present value of an annuity is given by P=m1-1+rn- ntrn where ; m : Amount of each annuity payment…

Q: the end of each month for the 6 years? Present Value of Ordinary Simple 6)What is the present value…

A:

Q: You have just won $1,500,000 in a state lottery. You will be paid an annuity of $60,000 a year for…

A: We have to find the present value of the income in dollars.

Q: Find the present value of an annuity due that pays $3000 at the beginning of each quarter for the…

A: To determine the present value of the annuity.

Q: Find the present value of an annuity due that pays $2000 at the beginning of each quarter for the…

A: find explanation below

Q: Use the sinking fund formula shown to the right to determine the monthly payment needed to…

A: Given data: Amount that needs to be accumulated (A)=$360000 Interest rate (r) =9% Time (t) =34…

Q: Use a calculator to evaluate the future value of an ordinary annuity formula for m = $90, r = 7%,…

A: Solution: The objective is to find the future value of an ordinary annuity

Q: Find the present value of the given annuity. 341 per month for 48  months at the rate of 3.6…

A: Present value of an annuity is given by the formula: PV=ar1-1(1+r)n where: a : Annuity.r : Interest…

Q: A contract requires lease payments of $800 at the beginning of every month for 6 years. a. What is…

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 future value of an ordinary annuity with regular payment of $760 annually compounded at the…

A: Given: Payment(C)=$760 Rate of interest(r)=5.1% Time(n)=28 years.

Q: Find the present value of the given future amount. $61,000 for 23 months at 9% simple interest What…

A: For Cash Flow at period 1=C1, rate of return = r and number of periods = n, the Present Value…

Q: A contract requires lease payments of $900 at the beginning of every month for 4 years. a. What is…

A:

Q: A contract requires lease payments of $900 at the beginning of every month for 4 years. a. What is…

A:

Q: The price of a new car is $20,000 . Assume that an individual makes a down payment of 25 % toward…

A:

Q: Use a calculator to evaluate an ordinary annuity formula nt - 1 A = m for m, r, and t…

A: The given formula for ordinary annuity is A=m1+rnnt-1rn. The given values are m=$100, r=4%=0.004,…

Q: Find the future value of an ordinary annuity with regular payment of $760 annually compounded at the…

A:

Q: iii) Use your formula to determine the present value of a loan, with $200 payments at the beginning…

A:

Q: you want to buy a $14,000 car. The company is offering a 5% interest compounded monthly for 60…

A: Write the loan formula and put the all given information and simply solve for the monthly payment.

Q: Use a calculator to evaluate the present value of an annuity formula -(1 + )**] -nt P = m for the…

A:

Q: Find the present value of an annuity due that pays $3000 at the beginning of each quarter for the…

A: The future value of the annuity is $3000 at the rate of 5.4% compounded quarterly for 7 years.…

Q: Find the present value of an annuity due that pays $3000 at the beginning of each quarter for the…

A:

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

A:

Q: Use a calculator to evaluate the present value of an annuity formula - (1 + -)" -nt- P = m for the…

A: Given m = $1050r = 0.04n = 12t = 5

Q: Find the present value of an ordinary annuity with payments of $19,502 quarterly for 9 years at…

A:

Q: Use a calculator to evaluate the present value of an annuity formula -(1 + -)" -nt. P = m for the…

A: we have given the values of m, r, n, t using the formula we need to calculate P.

Q: Find the future value of an ordinary annuity of $110 paid at the end of each quarter for 2 years, if…

A:

Q: A contract requires lease payments of $800 at the beginning of every month for 4 years. a. What is…

A:

Q: A worker established an ordinary annuity with regular payment of $10000 compounded annually at an…

A:

Q: Suppose you deposit $900 at the end of every 6 months in an account that pays 4.5% interest…

A: Option (e) is the correct option. From the question, Periodic payment, P = $ 900 after every 6…

Q: B. Find the present value of an ordinary annuity with regular quarterly payments worth P1,000 at 3%…

A: The solution of this question is given below:

Q: Use a calculator to evaluate the present value of an annuity formula for the values of the variables…

A:

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

A: Consider the given: Quaterly payments=$4000Time=8 yearsNumber of periodic payments,…

Q: Find the future value for the ordinary annuity with the given payment and interest rate PMT=$750;…

A: Given, Principal = P = 750 $ Rate of interest = R =  1.3% compounded semiannually Time period  = n =…

Q: 7. As the most successful contestant in the history of the television show Jeopardy, Ken Jennings…

A: Given information Present vale of annuity is $1.2 million that is PV=$1200000 Interest rate r=4.25%…

Q: Find the present value of an annuity due that pays $3000 at the beginning of each quarter for the…

A:

Q: Use a calculator to evaluate the present value of an annuity formula -nt 1 - P = m for the values of…

A: