Find the term of the following ordinary general annuity. State your answer in years and months (from 0 to 11 months). Present Periodic Payment Interval Interest Compounding Period Value Payment Rate $10,300 $330 month 3% semi-annually The term of the annuity is year(s) and month(s).
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- Give typing answer with explanation and conclusion Determine the periodic payment for the following deferred annuity. The annuity is an ordinary annuity following the period of deferral. Deferral period Payment interval (months) Interest rate (%) Compounding frequency Term (years) Present value ($) 27 months 1 6.4 Quarterly 20 50,000.00Find 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)?If $417.00 is deposited at the end of each year for 6 years into an ordinary annuity earning 4.08% interest compound semiannually, construct a balance sheet showing the interest earning during each year and the balance at the end of each year. Assume this annuity rounds the interest and balance to the nearest penny at the end of each year.
- Find the present value of the following ordinary annuity. Periodic Payment Payment Interval Term Interest Rate Conversion Period $2900 1 year 6 years 7% quarterlyCompute the nominal annual rate of interest for the simple annuity due. Future value: - Present value: $35,000, Periodic Rent: $380, PaymentPeriod:1month,Term:12years,ConversionPeriod:monthlyAn annuity has $159 beginning of month deposits for 10 years with a rate of interest of 6% compounded semi-annually. a) The Future Value (FV) of the annuity b) The total amount of money deposited into the account over 10 years. c) The total amount of interest included in the FV in part “a”.
- Find 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-annuallyFind i (the rate per period) and n (the number of periods) for the following annuity. Semiannual deposits of $3,200 are made for 99 years into an annuity that pays 7.5% compounded semiannually.In the provided formulas, P is the deposit made at the end of each compounding period, r is the annual interest rate of the annuity in decimal form, n is the number of compounding periods per year, and A is the value of the annuity after t years. Periodic Deposit $1500 at the end of every three months Rate 7.25% compounded quarterly Time…
- Find i (the rate per period) and n (the number of periods) for the following annuity. Quarterly deposits of $500 are made for 6 years into an annuity that pays 7.5% compounded quarterly. Find i (the rate per period) and n (the number of periods) for the following annuity. Semiannual deposits of $3,100 are made for 15 years into an annuity that pays 5.9% compunded semiannually.The FV of an annuity where payments are made at the beginning of the year is $6,456 and the FV of an annuity where payments are made at the end of the year is $5946. If the annuity is for 5 years; find the interest rate.Find i (the rate period) and n (the number of periods) for the following annuity Monthly deposits of $265 are made for 7 years into an annuity that pays 6.5% compounded monthly i = (type integer or rounded to four decimal places as needed) n =