solve question 12 with complete explanation asap QUESTION 11THIS IS A MANDATORY SUBMISSIONAn ordinary annuity has payments of $1000 made semi-annually with a nominal compound interest rate of 5%/year. Note the compounding rate is the same as the payment period(as is the case for simple annuities). Assume the total length of the annuity is 4 years. Determinea) A cash flow diagran for the annuity from the initial start of the loan until the end of the 4 yearsb) The present value of the 2nd payment onlyc) The future value of the 3rd payment at the end of year 4d) The present value of the entire annuityAttach FileBrowse Local FilesBrowse Content CollectionQUESTION 12THIS IS A MANDATORY SUBMISSIONCalculate the number of compounding periods for an ordinary annuity with a future value of $16681 and payments of $448, The nominal rate is 5%/year compounded semi-annually. Note: this is a simple annuity, which means the payments occur semi-annually as well, Write your final answer as an integer.QUESTION 13The present value of an ordinary annuity can be calculated in two ways: i) The sum of the present values of each individual payment made for the entirety of the loan or i) Using1- (1+i) ¯"PV = PMT

Since, specifically Question 12 is asked, so the following solution is for Question 12 only.…

QUESTION 12 THIS IS A MANDATORY SUBMISSION Calculate the number of compounding periods for an ordinary annuity with a future value of $16681 and payments of $448, The nominal rate is 5%/year compounded semi- annually. Note: this is a simple annuity, which means the payments occur semi-annually as well. Write your final answer as an integer.

QUESTION 12 THIS IS A MANDATORY SUBMISSION Calculate the number of compounding periods for an ordinary annuity with a future value of $16681 and payments of $448, The nominal rate is 5%/year compounded semi- annually. Note: this is a simple annuity, which means the payments occur semi-annually as well. Write your final answer as an integer.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 12E

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