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 4% 20 yr $

Annual deposit (m) = $ 500 Period (t) = 20 Years Number of annual payments (n) = 20*1 = 20 Interest…

Answered: Find the present value of the ordinary…

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 20E

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Similar questions

You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuity
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?
You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.
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 $400 quarterly 10% 30 yr

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Amount of Deposit m	Frequency n	Rate r	Time t
$500	annually	4%	20 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 4% 20 yr $