fran purchased an annuity that provides 6200 quarterly payments foe the next 10 years. The annuity was purchased at a cost of 186000 How much of tghe first quarterly payment will fran include in her gross payment

Q: Shawn purchases a retirement annuity that will pay him $1,000 at the end of every six months for the…

A: Present value of annuity Annuity is a series of equal payments at equal interval over a specified…

Q: Andrea is depositing P4, 000 each month in an ordinary annuity that pays 2% interest compounded…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Laura purchases a retirement annuity that will pay her $2,500 at the end of every six months for the…

A: Present value of annuities will be the equivalent value of future cash flow to be received in the…

Q: Kyler deposits $225 each month into an annuity at 6.2% annual interest for 25 years . At the end of…

A: Solution:- When an amount is invested somewhere, it earns interest on it. The amount initially…

Q: Strahd bought a 20-year annuity-immediate with payment size 350 at an annual effective rate of 4%.…

A: Mathematical concept is:

Q: Emma is saving for a new car. She deposits $2200 into an annuity account at the end of every year,…

A: Future value of annuity can be calculated with the help of annuity table given in the question.…

Q: To save money for her son's college tuition, Nicole invests $96 every month in an annuity that pays…

A: Future value of investment includes the amount deposited and interest being accumulated over the…

Q: Crystal Nelson is 30 years old and she invests $3,300 in an annuity, earning a 8% compound annual…

A: PV = 0 N = 21 rate = 8% PMT = 3300 use FV function in Excel with type as 1

Q: Alice owned an annuity which had level annual payments for twelve consecutive years, the first of…

A: Time values tell that money received today is of more worth than that of receiving the exact amount…

Q: Omega Inc. purchased a deffered annuity which pays $23,000 at the beginning of every three months…

A: An annuity is a stream of cash flows that occurs at equal time intervals. This series of cash flows…

Q: Karen deposits 700 each month into an annuity that pays 12% annual interest at the end of each year.…

A: solution given Deposits each month (p) 700 Rate of interest (r) 12% Time period…

Q: Shiraz deposited $500 at the end of each year for 18 years in a savings account. If the account paid…

A: Using the Future value function in excel

Q: Connie deposits $2000 at the end of each year into her Individual Retirement Account IRA. It earns…

A: Annuity: a contract that provides income for a specified period of years, or for life. Future value…

Q: Ruth bought an insurance for 66,000 at 6% to receive an annuity for 16 years. Find the specified…

A: A stream of equal cash flows (CF) paid or received periodically is termed as annuity. Annuity is…

Q: Carl has purchased an annuity to be paid at the end of each month for 20 years at an effective…

A: Present Value of Annuity = 200,000 USD YEars = 20 Terms(n) = 20*12 = 240 Rate of Interest(r)  =4%/12…

Q: Jennifer invests $2,400 at the end of each year for 11 years in an ordinary annuity at 10% interest…

A: Periodic Payment = $2,400 Time Period = 11 Years Interest Rate = 10%

Q: Anna purchases a retirement annuity that will pay her $2,000 at the end of every six months for the…

A: A concept through which it is studied that the current worth of money is higher than its future…

Q: Mary buys a 20 year annuity immediate for $100,000 subject to 6% effective annual interest rate. The…

A: Total number periods in annuity are 20 Purchase price of annuity is $100,000 Effective interest rate…

Q: Karen deposits 300 each month into an annuity that pays 8% annual interest at the end of each year.…

A: Future value of annuity =PMT [{(1+i) n-1}/i]*(1+i) Where i=periodic interest rate n=number of…

Q: Connie deposits $2,000 at the end of each year into her Individual Retirement Account (IRA). It…

A: Annual deposit (P) = $ 2000 Interest rate (r) = 8% Number of annual deposits (n) = 20

Q: Since the birth of his daughter, 17 years ago, Derek has deposited $150.00 at the beginning of every…

A: Here Derek is making paying at the beginning of the months, so this is annuity due. When payments…

Q: To start a new business, Eric invests $765.13 each month in an ordinary annuity paying 12% interest…

A: Computation:

Q: Since the birth of his granddaughter, 18 years ago, Kristen has deposited $300 at the beginning of…

A:

Q: . Leo invested $67 250 into an annuity earning 4.4% compounded semi-annually. How much is he able to…

A: A series of fixed payments that are paid or received at an equal time interval is term as the…

Q: Shelby purchases a retirement annuity that will pay her $3,000 at the end of every six months for…

A: Present value of the money would be price that maximum price that can be paid for that kind of…

Q: At birth of his grandson, Gregorio Sirug commits to help pay his college education. He decides to…

A: Quarterly deposit (P) = P10,400 Interest rate = 10% Quarterly interest rate (r) = 10%/4 = 2.50%…

Q: Layla has inherited $20000 from her grandmother.she plans to use 25% of it to put a down payment on…

A: The future value is the future worth of the amount that will be paid or received in the future.

Q: Ryan inherited an annuity worth $3,280.16 from his uncle.  The annuity will pay him 5 equal payments…

A: Answer and calculations are given below

Q: 11. Sandra Bellows 65 years old purchased an annuity for $25,000. Starting at the beginning of the…

A: An annuity seems to be a type of insurance contract that is produced and delivered by financial…

Q: Since the birth of her daughter, 20 years ago, William has deposited $50 at the beginning of every…

A: Time period is 20 years Monthly deposit is $50 Interest rate for first 8 years is 5.10% Interest…

Q: Anne purchased an annuity from an insurance company that promised to pay her $11,000 per year for…

A: Part of each $11,000 payment represents a return of the original $87,450 investment, plus $22,550…

Q: As part of her retirement planning, Mrs. Smith purchases an annuity that pays 16 % compounded…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: leslady told her that she can purchase it on installment basis to be paid with oney is worth 8%…

A: Loans are paid annual installments and these installments carry the payment for interest and payment…

Q: Mike buys a perpetuity-immediate with varying annual payments. The annual payment is $500 for each…

A: Perpetuity is a type of annuity in which payments of equal amounts are made for an infinite period.…

Q: Since the birth of his granddaughter, 20 years ago, Jacob has deposited $100 at the beginning of…

A: Monthly Deposit = 100 Beginning of period deposits   First 11 years: Interest Rate = 4.50%/12  Time…

Q: Harleen has deposited​ $125 at the end of each month for 13 years at​ 4.68% compounded monthly.…

A: Given the information in question Monthly deposit =$125 Interest rate =4.68%(monthly) ( I assume it…

Q: Marion's grandfather's will established a trust that will pay her $1,800 every three months for 12…

A: A cashflow of a certain amount today is more valuable than the same cashflow after some years. This…

Q: Mr. Glen Secundo won a lottery paying P1,400,000 at the beginning of each year for 15 years. Find…

A: solution: Present value is the today's value of a future amount or future annual cash flows…

Q: Susan bought an installment refund life annuity for $100,000 under received an annual periodic…

A: The answer is stated below:

Q: Strahd bought a 20-year annuity-immediate with payment size 350 at an annual effective rate of 4%.…

A:

Q: Stephanie purchases a retirement annuity that will pay her $3,000 at the end of every six months for…

A: formula for annuity PVA=A×1-11+rmn×mrm where, r=rate of interest m =frequency of compounding A=…

Q: At the beginning of each year, Jerome invests $1,400 semiannually at 8% for nine years. Using the…

A: Annuity due refers to repeating payments that are made at the beginning of each period. We can…

Q: Since the birth of her granddaughter, 21 years ago, Kevin has deposited $150 at the beginning of…

A: Annuity refers to series of annual payment which are paid or received at start or end of specific…

Q: Suppose Brianna invests $1300 each year for 5 years, in annuity that pays 6% annual interest,…

A: Future value of annuity  = P * [ (1+r)^n  - 1 ] /r  Where, P = 1300 r = 6% n = 5 years

Q: Geoff purchased a life annuity for $4,800 that will provide him $100 monthly payments for as long as…

A: Income:   Income includes all the income that belong to the taxpayer, both taxable and non-taxable.…

Q: John purchases an annuity due paying 6 % quarterly. If his payment is $ 250, the amount value will…

A: Annuity due is an annuity whose payment is due immediately at the beginning of each period.

Q: Annette has just inherited $180,000. She invests this money at a rate of return of 6.47% per year…

A: Given: Present value $180,000 Rate 6.47% Another annuity $2,851 Years 20 Compounding…

Q: Lisa purchased an annuity that had an interest rate of 3.00% compounded semi-annually. It provided…

A: The purchase price of an annuity corresponds to current worth of annuity payments that make investor…