A 15-year annuity pays $1,350 per month, and payments are made at the end of each month. If the interest rate is 10 percent compounded monthly for the first seven years, and 6 percent compounded monthly thereafter, what is the present value of the annuity?

Q: What is the present value of  Nagpada's ordinary annuity of 10-years whose cash flows are $1,500 per…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: The present value of an annuity is payable annually for 2 years, with the first payment at the end…

A: Annuity is payable for 2 years First payment at end of 10 years = 38,421 Payment at end of 11 years…

Q: you have a 12-year annuity paying $496 quarterly in 10 years when interest is 6.65% compounded…

A: Number of annuity payments = Number of years * time period of Payment = Number of years * Quaterly…

Q: Vusa has invested $420000 in an annuity that pays interest at the rate of 3.6% per annum,…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

Q: A 20 year annuity pays $50 at the beginning of each month during the first year, $55 at the…

A: Time period = 20 years  Nominal annual interest rate = 6% Increase in the amount on yearly basis =…

Q: Suppose payments were made at the end of each month into an ordinary annuity earning interest at the…

A: Future value of an annuity is $55000 Annual interest rate is 5.5% per year compounded monthly Time…

Q: A 10-year annuity pays $1,725 per month, and payments are made at the end of each month. The…

A: The current worth of the cash flows or an asset after discounting is termed as the present value.

Q: How much interest is included in the future value of an ordinary simple annuity of $1,650 paid every…

A: The question can be solved as follows:

Q: A ten-year annuity has an interest rate of 12% with individual cash flows of $150 at every end of…

A: Time period = 10 years  Interest rate = 12%  Cash flows = $150

Q: n annuity pays $4152 per month, and payments are made at the end of each month. If the interest rate…

A: Present value of annuity can calculated by using Excel PV function.

Q: Suppose payments were made at the end of each month into an ordinary annuity earning interest at the…

A: In the given problem, the future value of the annuity is given which is $70,000 Time is 14 years…

Q: If you want to be paid from a 14 year ordinary annuity with a guaranteed rate of 2.208% compounded…

A: In finance, the term annuity represents a sequence of cash flows that contain a fixed payment at…

Q: What is the present value of a $900 annuity payment over five years if interest rates are 8 percent?

A: The present value of annuity refers to the current value of a series of future payments. The present…

Q: PNC's 30-year annuity is scheduled to pay off a loan taken out today at a 5% annual effective…

A: given, year (n) = 30 rate = 5% first annuity at t=10, amount= $10,000 then annuity increase by $5000…

Q: y-year annuity pays $940 per month at the end of each month. For the first seven years, the nominal…

A: As the compounding increases the interest rate become more effective and more is future value and…

Q: What is the present value of an annuity that consists of 24 semiannual payments of $8000 at the…

A: Present value is the current value of future cash flow with respect to time value of money.

Q: What is the present value of a $775 annuity payment over six years if interest rates are 11 percent?

A: In this question we need to compute the present value of annuity payment from below details: Annuity…

Q: A perpetuity pays $100 each year, with the first payment scheduled two years from now. Assume that…

A: Amount of $100 will be paid by a perpetuity and that will be started from year 2 (two year from…

Q: If you want to be paid from a 15 year ordinary annuity with a guaranteed rate of 4.277% compounded…

A: Annual payment (C) = $10,000 Period (n) = 15 Years rate (r) = 0.04277 (i.e. 4.277%) Present value or…

Q: An annuity with a cash value of $15,500 earns 7 % compounded semi-annually. End-of-period…

A:

Q: Find the future value of an ordinary annuity of $300 paid quarterly for 8 years, if the interest…

A: Solution: Future value of annuity is the future value of a series of payments of equal amount at…

Q: if money is worth 8% compounded quarterly, what is the present and future value of an ordinary…

A: The present and future value can be computed with the help of annuity function

Q: What amount will be paid at the beginning of every month for 10 years if the present value is 20O,…

A: The payment flow which continues for a definite time period and terminates after lapse of time…

Q: Determine the present value of an annuity due of $5,000 per year for 15 years discounted back to the…

A: Using excel PV function

Q: certain annuity pays 80.00 at the end of every 3

A: The nominal rate can be computed as follows :

Q: A 15-year annuity pays ¢5,500 per month, and payments are made at the end of each month. If interest…

A: The present value of annuity is the series of cash flows that occur with equal period of time. The…

Q: If a 48-month annuity has a present value of $6,700 and an annual discount rate of 5.8%, then how…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: Find the size of the quarterly payment if the interest rate is 8% compounded quarterly.

A: Compounded quarterly means Interest on the principal gets added back to the principal amount at the…

Q: Suppose that an annuity will provide for 20 annual payments of 1440 dollars, with the first payment…

A: Total number of annual payments is 20 Annual payments $1440 First payment coming in 11 years from…

Q: What is the present value of an ordinary annuity of 2,200 per year for 15 years discounted back to…

A: The present value function or concept can be used to determine the present value of a future sum or…

Q: Suppose payments were made at the end of each month into an ordinary annuity earning interest at the…

A: Using excel PMT function

Q: An annuity provides for 20 annual payments. The first payment of $ 100 is made immediately and the…

A: Payments made at the beginning of each period are called Annuity due.

Q: For $10,000, you can purchase a five-year annuity that will pay $ 2,504.57 per year for five years.…

A: Duration of an annuity means the time period for which the annuity will provide return to the…

Q: What is the future value of an annuity with monthly deposits of ₱175 for 11 years at an interest…

A: Since deposits are made at the end of the month, this will be an ordinary annuity. We need to keep…

Q: A 10-year annuity pays P900 four times in year. The first P900 will be paid five years from now. If…

A: The present value of the annuity is the current worth of a cash flow series at a certain rate of…

Q: Suppose payments were made at the end of each month into an ordinary annuity earning interest at the…

A: Future value of annuity = P * [ (1+r)^n  - 1 ] /r  Where, r= rate of interest i.e. 9%/12 = 0.75% or…

Q: If you have a 13-year annuity paying $305 quarterly in 5 years when interest is 3.25% compounded…

A: Time Period = 13 Years  Monthly Payment made at beginning = $305 Payment started in 5 years…

Q: What are the future value and present value of an annuity of 1300 payable monthly for 30 payments,…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: For an ordinary annuity with a five annual payments of $100 and a 10% interest rate, how many years…

A: Ordinary Annuity involves fixed and equal annual payments at the end of consecutive periods over a…

Q: A 13-year annuity pays $1,400 per month, and payments are made at the end of each month. The…

A: The Present value of annuity can be calculated using PVfunction in excel.It can be divided into 2…

Q: Find the future value (in $) of an ordinary annuity of $700 paid at the end of every 6-month period…

A: Time value concept tells today's value received is of more worth than receiving the exact amount in…

Q: A perpetuity pays $ 100 each year , with the first payment scheduled two years from now . Assume…

A: The question can be solved as follows:

Q: A 10-year annuity of twenty $10,000 semiannual payments will begin 12 years from now, with the first…

A: Semiannual payment (A) = $10000 Annuity duration (n) = 10 years = 20 periods First payment (CF)…

Q: A 13-year annuity pays $1,200 per month, and payments are made at the end of each month. The…

A: Present value of annuity is the present value of all the periodic stream of cash flow that occur in…