Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $70,000 in a fund paying 7% per year, with monthly payments for 10 years

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Q: Find the future value of an ordinary annuity of $4,000 paid quarterly for 7 years, if the interest…

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Q: Find the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals…

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

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Q: Find the future value of an ordinary annuity of $3,000 paid quarterly for 7 years, if the interest…

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Q: Find the future value of an ordinary annuity of $9,000 paid quarterly for 2 years, if the interest…

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

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Q: Find the future value of an ordinary annuity of $4,000 paid quarterly for 4 years, if the interest…

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Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. HINT…

A: Given Future value = $20,000 rate = 4% per year time = 5 years n = 12

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Q: Find the future value of an annuity due of $8,000 paid at the beginning of each 6-month period for 6…

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Q: the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume…

A: In this we are going to use future value formula for finding pmt so I'm providing hand written…

Q: A $14,000 loan is to be amortized for 10 years with quarterly payments of $446.90. If the interest…

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

A: Given that: FV = future value = $75,000 r = annual interest rate = 4.5% = 0.045 n = number of…

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 future value of an ordinary annuity of $7,000 paid quarterly for 3 years, if the interest…

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Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. HINT…

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

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Q: Find the future value of an ordinary annuity

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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…

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Q: How much is the monthly amortization (periodic payment)?

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Q: Find the future value of an ordinary annuity of $5,000 paid quarterly for 3 years, if the interest…

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Q: Use the sinking fund formula to determine the payment needed to reach the accumulated amount. To…

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

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Q: the periodic payments PMT necessary to accumulate the given amount in an annuity account. HINT [See…

A: From given, FV = $70,000, n=512=60,i=7100112=0.005833. PMT can be obtained by below formula…

Q: The Sandersons are planning to refinance their home. The outstanding principal on their original…

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Q: The Flemings secured a bank loan of $336,000 to help finance the purchase of a house. The bank…

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

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Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

A: Here, future value=100,000rate=7.6%

Q: Use the sinking fund formula to determine the payment needed to reach the accumulated amount. To…

A: Weekly payment formula

Q: Find the periodic withdrawal for an annuity

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Q: A company establishes a sinking fund for upgrading office equipment with monthly payments of $1,000…

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