Find the present value of the following ordinary annuity. Periodic Payment Payment Interval Term Interest Rate Conversion Period $2900 1 year 6 years 7% quarterly
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A: The present value of annuity can be computed with the help of present value of annuity function.
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A: Formulas: To calculate FV of ordinary annuity: FV = PMT(1+r/n)^t*n - 1 r/n…
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A: Given: Present value = $9,500 Payment = $1,000 Payment interval = 6 n = 2 Rate of interest (r) =…
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Periodic Payment
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Payment Interval
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Term
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Interest Rate
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Conversion Period
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$2900
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1 year
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6
years |
7%
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quarterly
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- Value of an Annuity Using the appropriate tables, solve each of the following. Required: 1. Beginning December 31, 2020, 5 equal withdrawals are to be made. Determine the equal annual withdrawals if 30,000 is invested at 10% interest compounded annually on December 31, 2019. 2. Ten payments of 3,000 are due at annual intervals beginning June 30, 2020. What amount will be accepted in cancellation of this series of payments on June 30, 2019, assuming a discount rate of 14% compounded annually? 3. Ten payments of 2,000 are due at annual intervals beginning December 31, 2019. What amount will be accepted in cancellation of this series of payments on January 1, 2019, assuming a discount rate of 12% compounded annually?Complete the table below by computing for the unknown component of a general annuity. PMT r t Payment interval Compounding period FV PV 1.P900 6% 6.25 yrs. Monthly quarterly ? 2.P1800 11% 8 yrs. Quarterly monthly ? 3.P500 5% 8 yrs. Monthly annually ?Find the future value of the following ordinary annuity. Periodic Payment Payment Interval Term Interest Rate Conversion Period $1675 1 year 13 years 8% quarterly
- Give typing answer with explanation and conclusion Determine the periodic payment for the following deferred annuity. The annuity is an ordinary annuity following the period of deferral. Deferral period Payment interval (months) Interest rate (%) Compounding frequency Term (years) Present value ($) 27 months 1 6.4 Quarterly 20 50,000.00Estimating the annual interest rate with an ordinary annuity. Fill in the missing annual interest rates in the following table for an ordinary annuity stream. Number of Payments or Years Annual Interest Rate Future Value Annuity Present Value 10 ? $0.00 $600.00 $2,386.09 18 ? $13,278.73 $354.57 $0.00 40 ? $0.00 $1,872.79 $40,000.00 60 ? $266,564.09 $500.00 $0.00 Number of Payments or Years Annual Interest Rate Future Value Annuity Present Value 10 nothing% (Round to two decimal places.) $0.00 $600.00 $2,386.09 18 nothing% (Round to two decimal places.) $13,278.73 $354.57 $0.00 40 nothing% (Round to two decimal places.) $0.00 $1,872.79 $40,000.00…Find the value of the ordinary annuity at the end of the indicated time period. The payment R, frequency of deposits m (which is the same as frequency compounding) annual interest rate r, and time t amount $800 monthly interest rate 5.5%6years what is the future value of the given annu
- Find the term of the following ordinary general annuity. State your answer in years and months (from 0 to 11 months). Present Value Periodic Payment Payment Interval Interest Rate Compounding Period $14,500 $2300 six months 3.5% annually The term of the annuity is year(s) and month(s)?Find the difference between the sums of an annuity due and an ordinary annuity for the following data. Periodic payment =P10,000 Payment interval = 1 year Term = 20 years Interest rate = 12% compounded quarterlyFind the term of the ordinary annuity in years and months (from 0 to 11 months). Present Value Periodic Rent Payment Interval Interest Rate Conversion Period $9,500 $1000 6 months 7.6% semi-annually
- Find the difference between the sums of annuity due and ordinary annuity for the following data Periodic payment = P14,000 Payment interval = 3months Term = 16 years Interest rate = 10% compoundedquarterlyFind the difference between the sums of an annuity due and an ordinary annuity for the following data. Periodic payment =P14,000 Payment interval = 3 months Term = 16 years Interest rate = 10% compounded quarterly.Given the following information, calculate the rate of return. price = $501.88time to maturity = 10 yearsannual payment = $100type = ordinary annuity
