Question

Asked Oct 20, 2019

31 views

find the value of the annuity. round to the nearest dollar. Periodic deposit 4000 Rate .055 time 40 years

Step 1

You have asked for the value of the annuity, without actually specifying whether present value or the future value.

I have assumed that you need the future value, and proceeded below with this assumption.

Step 2

For an annuity A with interest rate of r per period and n periods, the FV is as ...

Tagged in

Q: Four analysts cover the stock of Fluorine Chemical. One forecasts a 6% return for the coming year. ...

A: Calculation of Expected Return for the coming year:The Expected Return is 4.90%.Excel Spreadsheet:

Q: You have saved $3,000 for a down payment on a new car. The largest monthly payment you can afford is...

A: Computation of the value of car:Hence, the value of car if financed for 48 months is $22,161.14 and ...

Q: Assuming that the rates of return associated with a given asset investment are normally distributed;...

A: a) Calculation of standard deviation:Standard deviation is 0.3516.Standard deviation can be derived ...

Q: Calculate the price of a 5.6 percent coupon bond with 10 years left to maturity and a market interes...

A: Face Value of Bond = $1,000Coupon Rate = 5.6%Type of coupon payment = SemiannualNumber of Coupon pay...

Q: I am having trouble calculating the answer to this question since I am only given the cost and PI of...

A: Calculation of cash inflow using the formula of profitability index is as follows:

Q: Assume that in 2018, a copper penny struck at the Philadelphia mint in 1795 was sold for $405,000. ...

A: Calculation of rate of return on investment:Answer:The rate of return on investment is 8%Note:1cent ...

Q: Acme Annuities recently offered an annuity that pays 4.5% compounded monthly. What equal monthly dep...

A: Annuities are financial products that are sold by the financial institutions (like insurance compani...

Q: Explain how the firm repair service effort impact customer satisfaction.

A: A measurement which indicates the level at which customer receives highest utility with the product ...

Q: Provide an analysis of other common ratios including gross margin, operating margin, current ratio, ...

A: Since, the data is given for one year only so relationship for itself cannot be performed. The provi...