An architect is entitled to received 35,000 pesos at the beginning of each year for 18 years. What is the sum in pesos of this annuity at the end of 18 years, if the rate of interest is 5% compounded annually?

Q: If you deposit 9000$ into an account paying 5.5% annual interest compounded semiannually, how much…

A: As we know that the expression for the compound interest is:   A=P1+rnnt   Where P is the principal…

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: As a result of a court settlement, an accident victim is awarded $1.5 million. The attorney takes…

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Q: Assume that you make quarterly payments of $ 750 into an annuity paying 5% interest compounded…

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Q: find the present value (in dollar) of an annuity that pays $4000 at the end of each 6 month period…

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Q: Find the present value of an annuity of $2000 per year at the end of 6 years after being deferred…

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

A: In this question, the concept of Compound Interest is applied. Compound Interest Compound interest…

Q: Find the present value of an ordinary annuity which has payments of $1500 per year for 16 years at…

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Q: Find the present value of an ordinary annuity with deposits of ​$10,192 quarterly for 6 years at…

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Q: The terms of a single parent's will indicate that a child will receive an ordinary annuity of…

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Q: Find the present value of an annuity of $9000 paid at the end of each 6-month period for 4 years if…

A: An annuity of $9000 paid semiannually for 4 years, at interest rate 7%, compounded semiannually. To…

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: What is the present value of an annuity of $1500 deposited quarterly at 12% compounded quarterly for…

A: Consider that the periodic payment of $1500 is deposited quaterley for 4 years with interest rate of…

Q: Find the future value of an ordinary annuity of $1,000 paid at the end of each year for 4 years, if…

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Q: Aaron deposited​ $900 every six months for twenty years into a fund paying​ 5.5% compounded​…

A: Follow the procedure write the formula and proceed carefully.

Q: Find the present value of an annuity of $5000 paid at the end of each 6-month period for 8 years if…

A: The formula for the present value of an annuity (PV) is PV = (P/r)[(1-(1+r)-n], where P is the…

Q: Find the present value of each ordinary annuity. Payments of $1200 are made annually for 9 years at…

A: Now to obtain the present value of each ordinary, use the formula that is PVordinary…

Q: If Shane deposits 5,000 into an account paying 5% annual interest compounded monthly, how long until…

A: From the given information, it is observed that P = $5,000, r = 5%, that is, 0.05, and A = $8,000.…

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: 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 present value of an annuity of $7000 paid at the end of each 6-month period for 6 years if…

A: Recall the formula for present value as follows. PV=P1-1+r-nr

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: 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: Find the present value of an annuity of $2000 per year at the end of each of 10 years after being…

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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…

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

A: Given :-  An annuity of $5000 paid at the end of each 6-month period for 2 years if the rate of…

Q: If you make monthly deposits of $378.00 into an ordinary annuity earning 4.14% compounded monthly,…

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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: 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 future value of an ordinary annuity of $1,100 paid at the end of each year for 4 years, if…

A: GivenPresent value PV=$11,00Interest rate r=4%=0.04Time t=4 years

Q: A loan, amortized over 5 years, is repaid by making payments of $600 at the end of every month. If…

A: Loan payment formula: P=PMT[1-(1+rn)-ntrn] where,p=principaPMT=payment r=APR t=number of year…

Q: If a loan P120, 000.00 is to be amortized for 2 years at 12.5% interest compounded monthly, how much…

A: The monthly payment amount can be defined as follows:

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: You would like to have $52,000 in 5 years for the down payment on a new house following college…

A: According to the given information:P = 52,000t = 5r = 4.25%=0.0425n = 4 (since, interest is…

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

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Q: Find the present value of an annuity of $9000 paid at the end of each 6-month period for 2 years if…

A: Given that

Q: If $86,000 is invested in an annuity that earns 5.6%, compounded quarterly, what payments will it…

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Q: Find the present value of an annuity that pays $3,000 at the end of each 6-month period for 6 years…

A: Solution of the problem as follows

Q: Find the future value of an ordinary annuity of $8000 paid quarterly for 3 years, if the interest…

A: Given  Paid value (PV) = $8000time period (n)   = 3 yearsintrest rate (i) = 8%=0.08Future value (FV)…

Q: Find the future value of an annuity due of $1500 each month for 3 years if the interest rate is 12%…

A: Given Data: The amount deposited each month is: A=$1500 The time period in years is: t=3 years The…

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

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Q: Find the amount of an annuity that consists of 20 semiannual payments of $500 each into an account…

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Q: Find the present value of an annuity of $8000 paid at the end of each 6-month period for 10 years if…

A: We use the method of Compound Interest:   Given: P=8000r=4% or 0.04n=2t=10

Q: Find the future value of an ordinary annuity of $600 paid at the end of each year for 4 years, if…

A: This question is related to compound interest where  total amount after a year is =amount +amount×…

Q: Find the future value of an ordinary annuity of $1,100 paid at the end of each year for 2 years, if…

A: The formula to calculate the future value is given below: Future value=C×1+in-1i where, C is the…