Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of Deposit Frequency Rate Time $500 annually 7% 15 yг
Q: Use a calculator to evaluate an ordinary annuity formula nt 1 + A = m for m, r, and t…
A: An annuity is a series of payments made at equal intervals. Examples of annuities are regular…
Q: Use Table 12-2 to calculate the present value (in $) of the annuity due. (Round your answer to the…
A: Here,
Q: Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of…
A: Formula PVA = m*[1-(1+r)-n*t]/r Where PVA - Present value of annuity m - Annual deposit amount i.e.…
Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…
A: Present Value of annuity refers to the present value of all the future payments of and series of…
Q: Find the future value (FV) of the annuity due
A: Future value is the value of a asset at a future date based on a certain rate of growth. FV =…
Q: Find the required monthly payment to accumulate 2,000 in 1 year and five months at an APR of 4.34 %…
A: Future value annuity is the future value of series of cash flows calculated at specified rate for…
Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…
A: Amount of deposit(m): $800 Frequency(n): annually Rate(r): 1% Time(t): 30 years
Q: Suppose the interest rate is 8.7% APR with monthly compunding. What is the present value of an…
A: The PV method is used to find out the cost of an investment by using the concept of the time value…
Q: An annuity pays an amount of $102.00 each period for 11 periods, and the present value is $798.00.…
A: Discount rate can be calculated by calculating the present value FACTOR and from that we will get…
Q: Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of…
A: Since compounding will be done quarterly, the annual rate of interest is divided by 4 (i.e., 8%/4 =…
Q: Find the future value of the following ordinary simple annuity. Periodic Payment $377.00 Payment…
A: Quarterly payment (Q) = $377 Duration (n) = 7.25 years = 29 quarterly payments r = 11% per annum =…
Q: Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of…
A: Annual deposit (m) = $ 500 Period (t) = 20 Years Number of annual payments (n) = 20*1 = 20 Interest…
Q: Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of…
A: We use Pv function to calculate present value of annuity
Q: Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of…
A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…
Q: Use a calculator to evaluate an ordinary annuity formula. For m, r, and t (respectively). Assume…
A: The present value of an annuity is the value of all the future payments at this moment. In an…
Q: Use a calculator to evaluate an ordinary annuity formula nt (1+ )" - 1 for m, r, and t…
A: Given values: Present value (PV) is $100. Maturity period (N) is 11 years. Number of payments in a…
Q: Evaluate ordinary annuity Assume monthly payouts - round your answer to nearest cent. M = $50 R =…
A: Present Value: The present value (PV) is the present sum of a series of fixed payments. The series…
Q: Find the future value of the ordinary annuity. (Round your answer to the nearest cent.)$130 monthly…
A: RATE (5.25%/12) 0.4375% YEARS /PERIOD (2*12) 24 PMT (MONTHLY PAYMENT) 130 PRESENT VALUE $0
Q: Find the future value for the ordinary annuity with the given payment and interest rate.…
A: The calculation of the future value of the ordinary annuity using the FV function of excel is as…
Q: Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of…
A: Solution: Amount of deposit = $100 Quarterly interest rate = 8% / 4 = 2% Time (In quarters) = 15*4 =…
Q: Use Table 12-1 to calculate the future value (in $) of the annuity due. (Round your answer to the…
A: Annuity payment (P) = $ 40 Period = 1 1/2 = 1.50 Years Monthly periods (n) = 1.50*12 = 18 Annual…
Q: If you want to be paid from a l13 year ordinary annuity with a guaranteed rate of 3.09% compounded…
A: The annuity refers to the series of payments or receipts that last over a specific period of time.…
Q: Find the future value for the ordinary annuity with the given payment and interest rate. PMT = $700;…
A: Annuity means a set of finite number of payments which are made in equal time intervals and same in…
Q: Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount…
A: Annuity refers to series of equal annual payments or deposit made.
Q: Use Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your answer to…
A: Annuity payment = $ 8000 Interest rate = 6% Period = 20 Years PVAF(6%,20 Years) = 11.46992 (As per…
Q: Find the amount of an ordinary annuity of 20 semi-annual payments of P1, 000 if interest rate is 12%…
A: Total Semi annual payments is 20 Interest rate is 12% compounded semi annually Amount of annunity is…
Q: A perpetuity-due has annual payments. The initial payment is 326.53 and each subsequent payment is…
A: Perpetuity means infinite no. of payments which are same in size or may be grow with constant rate.…
Q: Use a calculator to evaluate an ordinary annuity formula 1 +4 nt - 1 A = m for m, r, and t…
A: Ordinary Annuity: They are the payments made in series at the ending period for a fixed period.
Q: Find the future value of an annuity due of $1,500 semiannually for six years at 7% annual interest…
A: FV = PV * [(1 + i)n - 1] / iFV = PV * FVIFA(i,n) where, FV = Future Value of AnnuityPV =…
Q: If the present value of an ordinary, 6-year annuity is $6400 and interest rates are 2.5 percent,…
A: Given: Present value (PV)= $ 6400 Interest rate (r)= 2.5% Number of years (n) = 6
Q: Use a calculator to evaluate an ordinary annuity formula nt A = m for m, r, and t (respectively).…
A: Given: Monthly payment (m) is $100 Annual rate (r) is 8% For 11 years
Q: d. Calculate the future sum of $1,000, given that it will be held in the bank for 5 years earning an…
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: Find the future value for the ordinary annuity with the given payment and interest rate. PMT = $700;…
A: Future value can be calculated using FV (rate, nper, pmt, [Pv], [type]) Rate The interest rate Nper…
Q: Find the future value of an annuity due for payments of $450 for 12 years with a rate of 0.24%…
A: Solution:- When an equal amount is paid each period at beginning of each period, it is called…
Q: find the value of the annuity. round to the nearest dollar. Periodic deposit 4000 Rate .055 time 40…
A: You have asked for the value of the annuity, without actually specifying whether present value or…
Q: How much interest is included in the future value of an ordinary simple annuity of $1,700 paid every…
A: Semiannual payment (S) = $1700 n = 5.5 years = 11 payments r = 12% per annum = 6% semiannually
Q: Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Frequency…
A: Given information: Annual deposit is $500 Interest rate is 6% Number of years is 20
Q: Find the future value of the following ordinary simple annuity. Periodic Payment $791.00 Payment…
A: Quarterly payment (P) = $791 Period = 3.25 Years Quarterly periods (n) = 3.25*4 = 13 Interest rate =…
Q: Find the future value (FV) of the annuity due. (Round your answer to the nearest cent.)$185 monthly…
A: RATE (7%/12) 0.5833333% YEARS (12*12) 144 PMT (MONTHLY PAYMENT) 185 PRESENT VALUE $0
Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…
A: For calculating the future value of annuity, following formula shall be used: = Amount of deposit *…
Q: Find the future value (FV) of the annuity due. (Round your answer to the nearest cent.)$165 monthly…
A: RATE (6.75%/12) 0.56250% PERIOD (14*12) 168 PMT (MONTHLY PAYMENT) 165 PRESENT VALUE $0
Q: If the present value of an ordinary, 6-year annuity is $8,800 and interest rates are 9.5 percent,…
A: An annuity due is a type of annuity in which payments are made at regular time interval and at the…
Q: Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of…
A: Given information, C = Cash flow per period (payment amount) =$400 r= Interest rate =10% or 0.10…
Q: a.use the appropriate formular to find the value of the annuity. b.find the interest. PERIODIC…
A: Annuity: The fixed amount paid or received in equal time periods is referred to as annuity. Compound…
Q: Find the future value of the following ordinary annuity. Paym R=$500, 7% interest compounded…
A: Ordinary annuity is annuity which are made at the end of period and future value of annuity includes…
Q: Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount…
A: The present value of annuity computes the present value of a series of future periodic payments. We…
Q: The periodic payment needed is $
A: Given: Future value= $2.2 million Rate= 9.55% Compounded weekly Time= 32 years
Q: Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of…
A: Amount of Deposit(m) = $400 Frequency of deposit(n) = Quaterly Rate(r) is 14% Time (t) is 25 Years…
Q: How much will be the future value of a 5-year ordinary annuity which has annual payments of $200,…
A: The question gives the following information:
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- Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of Deposit m Frequency n Rate r Time t $100 quarterly 8% 30 yr $Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of Deposit m Frequency n Rate r Time t $500 annually 6% 25 yrGive typing answer with explanation and conclusion to all parts If $387674 is used to purchase an annuity earning 5.5% compounded monthly and paying $3102 at the end of each month, what will be the term of the annuity? Include the final, smaller annuity payment in the total. (Just state total months as a number, not years and months) What is N? What is I/Y? What is C/Y? What is P/Y? What is PV? What is PMT? What is FV?
- Use a calculator to evaluate an ordinary annuity formula A = m 1 + r n nt − 1 r n for m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent.) $100; 5%; 12 yr A = $Use a calculator to evaluate an ordinary annuity formula for m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent.) $20; 4%; 30 yr A = $Use a calculator to evaluate an ordinary annuity formula. For m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent). $100; 4%; 12 years.
- For each of the following situations involving annuities, solve for the unknown (?). Assume that interest is compounded annually and that all annuity amounts are received at the end of each period. (i = interest rate, and n = number of years) Present Value Annuity Amount i n1. ? $ 3,000 8% 52. $ 242,980 75,000 ? 43. 161,214 20,000 9 ?4. 500,000 80,518 ? 85. 250,000 ? 10 4 Sandy Kupchack just graduated from State University with a bachelor’s degree in history. During her four years at the university, Sandy accumulated $12,000 in student loans. She asks for your help in determining the…i need answer typing clear urjent no chatgpt if the future value of an ordinary eight year annuity is $5500 in interest rates are 8.0% what is the future value of the same annuity due? (round your answer to 2 decimal places)(using ordinary general annuities) Convert an annuity with quarterly payments of $ 20,000 to one with: a) semi-annual payments if J2 = 5%. B) monthly payments if J4 = 7%
- If you deposit $3,500 monthly into a savings account which earns 4.25% interest rate compounded annually, how much will you have after 10 years of saving?a. $598500b. S510141 c. S636810 d. S522225 e. S42512Solve by using formulas. (Round your answer to the nearest cent.) Ordinary Annuity AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Future Valueof the Annuity (in $) $4,000 every 6 months 9 9.0 semiannually $find the value of the annuity. round to the nearest dollar. Periodic deposit 4000 Rate .055 time 40 years