Find the monthly payment that will yield the future value of $105,000 using an ordinary annuity at 10% interest for 29 years. (Round the answer to the nearest cent.)$

Q: given the situation , choose the correct formula to solve the problem: find the future value of an…

A: Future value of annuity = P * [ (1+r)^n  - 1 ] /r  Where P = Annuity amount i.e. $5000 r = rate of…

Q: future value and the present value of an annuity of 15,000 payable at the end of every three months…

A: Given information : Annuity  $    15,000.00 Total payments 30 First payment due 7 Interest…

Q: Find the future value of an annuity of $1300 paid at the end of each year for 10 years, if interest…

A: Annuities refer to a series of payments made at regular interval of time.

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

A: Annuity is a number of payments, which are equal in magnitude and made at equal interval of time.…

Q: What is the present value of an annuity that pays $58 per year for 13 years and an additional $1,000…

A: We can make use of the financial calculator to obtain the present value, PV. Inputs: I/Y = rate =…

Q: calculate the annuity's Present value and Future value

A: Present Value of Annuity: It represents the present value of the future stream of cash flows and is…

Q: a. What is the amount of the annuity purchase required if you wish to receive a fixed payment of…

A: In this we have to calculate present value FACTOR of annuity and from that we can  calculate the…

Q: Find the future value of an annuity of $1800 paid at the end of each year for 15 years, if interest…

A: Future value of an annuity:- It is the recurring payment that occurs at a specific date in the…

Q: Find the future value of a 15-year annuity due with payments of $2,700 and an annual compound…

A: To Find: Future Value

Q: If you borrow $8,000 with a 5 percent interest rate to be repaid in five equal payments at the end…

A: Computation:

Q: Suppose that an annuity will provide for 20 annual payments of 1240 dollars, with the first payment…

A: Total number of payments "N" is 20 Annual payments "PMT" is $1,240 Interest rate is 8.8% convertible…

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: Find the future value of an ordinary annuity of $6,000 paid quarterly for 2 years, if the interest…

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

Q: Find the present value (in dollars) of an annuity that pays $9,000 at the end of each 6-month period…

A: The present value of annuity is the current worth of periodic annuity payments. The annuity…

Q: Find the future value of an annuity of $1300 paid at the end of each year for 15 years, if interest…

A: Annuity is the payment of fixed amount at the end(ordinary) or beginning(due) of a financial period…

Q: Find the future value of an annuity of ₱ 10,000.00 payable annually for 3 years if money is worth…

A: Future value  Future value  is the worth of any asset or any sum of money at a future date when such…

Q: Find the future value of a 15-year annuity due with payments of $2,350 and an annual compound…

A: A series of future periodic payments which will be made either at the beginning of each period or at…

Q: Find the monthly payment that will yield the given future value: $250,000 @ 10.5% interest for…

A: Introduction: Annuity can be defined as the set of payments made at equal intervals. Annuity due…

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: Calculate the present value of a four-period annuity of $200 per year that begins two years from…

A: Present value is calculated by discounting all the future cashflows

Q: Find the future value of an annuity of $1400 paid at the end of each year for 15 years, if interest…

A: Time value of money :— According to this concept, value of money in present day is greater than the…

Q: Calculate the future value for this annuity if interest is compounded semi-annually and Calculate…

A: Future value of an investment refers to the sum total value of account at a specified future date…

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: Find the monthly payment that will yield the given future value. (Round your answer to the nearest…

A: Annuities are a series of equal periodic payments made a regular interval. Using this concept, we…

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

A: given information  interest rate = 4.2 = 4.2100 = 0.042   monthly rate = 0.04212 = 0.0035  future…

Q: Find the present value of an annuity of $3000 per year at the end of each of 8 years after being…

A: The formula to calculate present value of deferred annuity is shown below: Here i is interest rate.…

Q: Acme Annuities recently offered an annuity that pays 3.6% compounded monthly. What equal monthly…

A: Each period payment is considered as PMT.

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: Find the future value at the end of Year 12 of an annuity that pays $7,500 per year for 12 years…

A: Using excel FV function

Q: Estimate the present value of an annuity if payments are $1000 monthly for 15 years and the account…

A: PVA=P×1-e-rter-1where,r= ratet= no  of years

Q: An investor will receive an annuity of $3,500 a year for 12 years. The first payment is to be…

A: First find the present value of the annuity A = R *(1+i)^n -1 / i*(1+i)^n

Q: Suppose payments will be made for 6 1/4 years at the end of each month from an ordinary annuity…

A: given, n=6.25 m=12 r=4.25% PVA =$46,000

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

A: Semi annual payment (P) = $6000 Period = 6 Years Semi annual periods (n) = 6*2 = 12 Interest rate =…

Q: Find the monthly payment that will yield the given future value: $100,000 @ 9.25% interest for 30…

A: F = $100,000 i = 9.25%   = 0.0925 n = 30 years

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

A: Here compounding is given quarterly. So, there will be four quarters in a year. Divide rate by 4 to…

Q: Find the future value of an annuity of $1500 paid at the end of each year for 15 years, if interest…

A: Future value of annuity = P * [ (1+r)^n  - 1 ] /r  Where, P = Annuity amount i.e. 1500 r = rate of…

Q: Acme Annuities recently offered an annuity that pays 6.0% compounded monthly. What equal monthly…

A: The future value of the annuity is the future worth of a series of cash flows at a certain rate of…

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

A: The quarterly amount is $2,000. The annual interest rate is 6.6%, compounded quarterly, So, interest…

Q: Find the monthly payment that will yield a future value of $183,000 at 8 1⁄4 % interest for…

A: Future value refers to the value of inflows that is going to be receive in future on particular…

Q: Use the appropriate formula to find how much you should deposit now at 7% interest, compounded…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: If you put up $41,000 today in exchange for a 5.1 percent, 15-year annuity, what will the annual…

A: Given,Exchange rate (rate) = 5.1%Time Period (nper) = 15 Years (Annuity)Initial Outflow (pv) =…