Illustrate and distinguish between simple and general annuities and provide 5 examples.

Q: What are the differences between Simple and General Annuity?

A: What are the differences between Simple and General Annuity?

Q: What is the simple interest rate of $290, 12.5%, 6 months

A:

Q: What is an annuity? Write an expression for the amount Af of an annuity consisting of n regular…

A: Annuity is defined as the fixed amount of money paid at regular intervals.

Q: What is the time period of a loan for $3,0000, at 10% ordinary Interest, if the amount of Interest…

A: Given information Principal amount P=$3,000 Rate of interest r=10% Amount of interest is I=$125.00…

Q: What is the APR of a payday loan for $1825 due in 18 days that charges a $135 fee?

A: Given,           The APR of a payday loan for $1825 due in 18 days that charges a $135 fee.

Q: If a loan is to be repaid in 4 years making semi-monthly payments, how many payments will be made?

A: Given that a loan repaid in 4 years. And making semi-monthly payments. We have to find How many…

Q: to retire a bond of $100,000.00 in 5 years what amount needs to be deposites at 8%.

A:

Q: A payday loan provides short-term loans ranging from $250 to $2,000. Assume the cost of the loan is…

A: Given:A payday loan provides short term loans ranging from $250 to $2000. The cost of the loan is…

Q: On February 15, 2021, the market value of the investments contained in the Global Investment Fund, a…

A: given  investment on mutual fund = $15,100,000 liabilities for fund =$1,661,000  claim- calculating…

Q: Determine the exact simple interest on ₱5,000 for the period from Jan. 15 to Nov. 28, 1992, if the…

A:

Q: if you have been hired at an annual salary of 23,6000, and expect to  receive annual increases of…

A: topic- geometric progression

Q: Provide an appropriate response. 9) _______ is interest paid both on the original principal and on…

A:

Q: 2. What is the present value of an annuity of Php 750 at the end of each year for 10 years if the…

A: We will find out the required value.

Q: What annuity over a 10-year period at 8% interest is equivalent to a present worth of 100,000.00

A:

Q: An insurance settlement includes a $475 monthly payment to Bethany Kohl for 2 years. Find the amount…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: How much is the interest that will be paid on a P25,000 loan that was made on May 1, 2002 and repaid…

A: Given : P=25000 r=8% n=calculated below

Q: How is the present value of a single sum related to the present value of an annuity

A: The objective is to give the relation between the present value of a single sum and the present…

Q: Zero-Coupon Bonds If Pat pays $15,334.65 for a $25,000face-value, zero-coupon bond that matures in 8…

A: Given, Amount (A)=$25000 Principal (P)=$15,334.65 t=8 years

Q: A man applied for a loan with 16% interest. The interest will be automatically deducted from the…

A: If the interest is simple, then the formula that is used is A=P1+rt, where A is the final amount, P…

Q: how do i calculate annuities

A: An annuity is a series of periodic payments that are received at a future date.The annuity payment…

Q: Mr. Raf Santillan earned 8,200 interest in a retirement account paying interest at a rate of 0.8%…

A: In the given question, it is not mentioned that whether the interest is simple or compound. So, the…

Q: find the lump sum deposited today that will yield the same amount as monthly paymenst of  $100 with…

A:

Q: What is the present value of an ordinary annuity of 700 php every 6 months for 4 years at 6%…

A: Given query is to find present lo value of the equity.

Q: A loan of 750000 needs to be paid in annual installments by the end of every year. The interest rate…

A:

Q: What will be the market price of the share at the end of the year, if: 1! A dividend is declared?

A:

Q: Find the present value at 8% simple interest of a debt RM4 000 due in 9 months. O RM3774.48…

A:

Q: What are the similarities between Simple and General Annuity?

A:

Q: The employees at an NGO are awarded increments on their salary according to the following policy: no…

A: Given: Increment after 2 years is 5%. Increment after 4 years is 13%. Current salary of the…

Q: A man bought a property and he paid Php 100 000 cash and agreed to pay Php 20 000 at the end of each…

A: Given: Money paid in cash= Php 100,000 The agreement= Php 20,000 ,every 6 months for next 5 years.…

Q: A bank is offering 2.5% simple interest on a savings account. If you deposit $5000, how much…

A:

Q: The maturity value of $22500 at 10% for 9 months is?

A:

Q: 5. Quarterly payments of 300 for 9 years that will start 1 year from now, What is the period of…

A:

Q: what type of annuity is this: Payments are made at the beginning of each month and the interest is…

A: Payments are made at the beginning of each month and the interest is 6% semi-monthly.

Q: 2. In what time wilI Php. 875.00 double itself at the rate of 7% simple interest?

A: We will find out the required value.

Q: What principal will accumulate to P463.956.20 in 3 years and 265 days at simple interest rate of 7…

A:

Q: Ahmed borrows $10,000 from Al- Rasheed Bank on June 1 and must repay a total of $11,400 exactly 2…

A: Solution of given question is written in below steps.

Q: What exact simple interest rate is in effect when a principal of $11,288 accumulates to $13,244 in…

A: We have to find exact simple interest rate.

Q: What is the present value of a $400,000 cash flow to be received at the end of each of the next 10…

A: The present value of the annuity is calculated using the formula  Present Value = C1-1+i-ni where C…

Q: ordinary simple annuity

A: a) In this problem, we have to find the sum of the simple annuity. The formula used S=a1(1-rn)1-r

Q: is used to indicate the borrow after subtraction.

A: The subtraction operation, a-b , borrows, if a<b .

Q: Find the present value PV of the annuity account necessary to fund the withdrawal given. (A $900 per…

A: Given data- PVA = Present value of the annuityA = Monthly payment = $900.i = Interest rate in…

Q: How many interest payments are made in 7 years and 6 months if interest is paid quarterly?

A: As we know a quarter is defined as 1/4th of any quantity  And in case of interest payments we define…

Q: Determine the simple interest earned on $⁢22,500 after 15 years if the APR is 14%

A:

Q: What is the advantage and disadvantage of annuities?

A: We are to find the advantage and disadvantage of annuities.

Q: How much is the maturity value if 14,500 is placed in an account earning 6.25% simple interest for…

A:

Q: An annuity is a sum of money that is paid in regular equal payments. The__________ of an annuity is…

A:

Q: Determine the amount of a semi- annual coupon paid for a 2% bond with a face value of 20,000 which…

A: The formula for semi annual coupon amount is given by      Semi -annual coupon amount=F*rc2…

Q: If $8,800 is repaid of 9 months at 6.75% annual rate, earned interest is____________

A: