Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $3000/semiannual period for 9 years at 2%/year compounded semiannually

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A: When interest is compounded then amount after given time is given as: A=P1+rnnt where, A is future…

Q: Find the present value of the given future amount. $43,000 for 3 months at 9% simple interest What…

A: Given information Future amount A=$43,000 Interest rate r=9% ⇒r=9100=0.09 And time t=3 months that…

Q: Find the present value of an ordinary annuity with deposits of $6,507 quarterly for 6 years at 4.4%…

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Q: Find the present value of an annuity due that pays $4000 at the beginning of each quarter for the…

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Q: Find the future value of the following annuity due. Assume that interest is compounded annually,…

A: Future value of Annuity Due = P1+rn-11+rr ; where P- Periodic payment ; r - rate per period and…

Q: PMT= $2,000, 2.00% compounded monthly for 4 years. The future value of the ordinary annuity is ?

A: From the given information, it is observed that the cash flow per period is $2000, interest rate is…

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Q: Answer as indicated. Write your answers in a separate sheet of paper. 1. Find the future value of an…

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Q: Find the vale of the annuity and the interest. $150 at the end of every 6 months? 6.5 % Compounded…

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Q: Find the future value for the ordinary annuity with the given payment and interest rate. PMT =…

A: Given: P=$2,500R=1.95%=1.95100=0.0195T=8 yearsn=4 To determine: The future value of the ordinary…

Q: Find the future value of the investment. (Round your answer to the nearest cent.) $150 deposited at…

A: Compound interest is given:

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

A: Solution: Duration of Investment (t) =20 years Interest Rate (r) = 6.25%=6.25100=0.0625 PMT (m) = $…

Q: Find the future value for the ordinary annuity with the given payment and interest rate. PMT =…

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Q: Find the future value of the ordinary annuity. Interest is compounded annually unless otherwise…

A: Given: -

Q: Use a calculator to evaluate an ordinary annuity formula for M= $60 r=7% t=10 years. Assume monthly…

A: Given: M=$60, r=7%=0.07, t=10 years.

Q: Find the future value of an ordinary annuity of $90 paid quarterly for 3 years, if the interest rate…

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Q: Find the future value for the ordinary annuity with the given payment and interest rate. PMT =…

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Q: Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.)…

A: Given time = 16 years rate =6% compounded monthly

Q: Find the future value of an annuity due of $600 each quarter for 6 1/2 years at 10%, compounded…

A: Consider the provided question, We have to find the future value of an annuity due of $600 each…

Q: Find the present value of the given future amount. $57,000 for 21 months at 6% simple interest What…

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Q: Find the future value of an ordinary annuity with regular payment of $760 annually compounded at the…

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Q: Find the future value of an ordinary annuity of $110/month for 10 years at 5.5%/year compounded…

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Q: Find the present value of an annuity with periodic payments of $500 semiannually, for a period of…

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Q: The future value of the given annuity? Round to nearest cent

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Q: Find the present value of the given future amount $81,000 for 5 months at 6% simple interest What is…

A: Use formula of present value

Q: Find the future value for the ordinary annuity with the given payment and interest rate.…

A:

Q: Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.)…

A: Given: PMT =$1500/quarterly Time is 9 years Interest rate 3% per year compounded quarterly.

Q: you want to buy a $14,000 car. The company is offering a 5% interest compounded monthly for 60…

A: Write the loan formula and put the all given information and simply solve for the monthly payment.

Q: Find the future value of an ordinary annuity

A: We have to find out the future value FV of an ordinary annuity of $100 per month for 10 years at…

Q: Find the future value for the ordinary annuity with the given payment and interest rate. PMT =…

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Q: Jeff Associates borrowed $35,000. The company plans to set up a sinking fund that will repay the…

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

A: The future value of the annuity is $3000 at the rate of 5.4% compounded quarterly for 7 years.…

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

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Q: To offer scholarships to children of employees, a company invests $10,000 at the end of every three…

A: (a) It is given that, P = $10,000, r = 0.09, n = 4 and t = 10. Substitute P = $10,000, r = 0.09, n =…

Q: Find the future value of the investment. (Round your answer to the nearest cent.) $200 deposited at…

A: We have to find the future value of the investment for given $200 deposited at the end of each month…

Q: Lynn Ally, owner of a local Subway shop, loaned $43,000 to Pete Hall to help him open a Subway…

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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: Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.)…

A:

Q: Find the Future Value of the annuity. Round your answer to the nearest cent. Do not intermediate…

A: Solution

Q: Find the future value of an annuity due of $500 each quarter for 4 1/2 years at 12%, compounded…

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Q: Find the future value of an annuity due of $300 each quarter for 6.5 years at 9%, compounded…

A: given that $300 deposited each quarter for 6.5 years at 9% compounded quarterly. P=300 T=6.5  n=4…

Q: Find the future value of the following ordinary annuities. Payments are made and interest is…

A:

Q: Find the present value of an annuity due that pays $4000 at the beginning of each quarter for the…

A: Consider the given: Quaterly payments=$4000Time=8 yearsNumber of periodic payments,…

Q: Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.)…

A: We know that,

Q: Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.)…

A: Given,         $1600/semiannual period for 6 years at 4.5%/year compounded semiannually.

Q: Find the future value of an ordinary annuity of $120/month for 10 years at 2.5%/year compounded…

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Q: Find the future value of an ordinary annuity of $1,000 paid at the end of each year for 5 years, if…

A:

Q: Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.)…

A: To solve the following.

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

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