To save for the replacement of a computer, a business deposits $150 at the end of each month into an account that earns 7% annual interest compounded monthly. Find the future value of the ordinary annuity in 4 years. (Round you answer to the nearest cent.)

Q: Find the future value of an ordinary annuity of $600 paid at the end of each year for 7 years, if…

A: To find the future value

Q: find the future value of an ordinary annuity of $3000 paid quarterly for 5 years, if the interest…

A:

Q: Find the future value of an ordinary annuity of $9,000 paid quarterly for 6 years, if the interest…

A: Given: The principal value is $9,000  n value is 6 years Rate of interest is 8%

Q: Tom and Sandy have set up a sinking fund in order to have $15,000.00 in 44 years for their child's…

A: According to question given :Tom and sandy have set up a sinking fund in order to have $15,000.00in…

Q: A house is rented for $6,900 per quarter, with each quarter's rent payable in advance. If money is…

A: Given:          Present value PV = $6,900          Rate of interest  r = 7%…

Q: Find the future value of an ordinary annuity of $4,000 paid quarterly for 7 years, if the interest…

A: To find the future value of an ordinary annuity of $4,000 paid quarterly for 7 years, if the…

Q: If you lend $4000 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: Given: P=4000r=0.08n=1512 The formula for future value: FV=PV1+rn

Q: Find the future value of an annuity due of $900 paid at the beginning of each 6-month period for 6…

A:

Q: Find the future value of an ordinary annuity of $300 paid quarterly for 2 years, if the interest…

A: Given that in an ordinary annuity, $300 is paid per quarter for 2 years at an interest rate of 15%…

Q: Find the future value of an ordinary annuity of $70 paid at the end of each quarter for 6 years, if…

A:

Q: Acme Annuities recently offered an annuity that pays 7.2% compounded monthly. What equal monthly…

A: Formula :-

Q: Suppose payments were made at the end of each month into an ordinary annuity earning interest at the…

A: The formula for periodic deposit is given as, 168 where,  P=size of paymentFV= future valuer=monthly…

Q: Find the future value of an ordinary annuity of $9,000 paid quarterly for 2 years, if the interest…

A:

Q: Find the future value of an annuity of $1500 paid at the end of each year for 10 years, if interest…

A: Given that  $1500 paid at the end of each year for 10 years, if interest is earned at a rate of 7%,…

Q: A house is rented for $2100 per quarter, with each quarter's rent payable in advance. If money is…

A:

Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

A:

Q: A house is rented for $6,700 per quarter, with each quarter's rent payable in advance. If money is…

A:

Q: James deposits a fixed monthly amount into an annuity account for his child's college fund. He…

A: Consider the provided question, James deposits a fixed monthly amount into an annuity account for…

Q: Find the future value of an ordinary annuity of $4,000 paid quarterly for 4 years, if the interest…

A:

Q: Find the future value of an ordinary annuity of $90 paid quarterly for 3 years, if the interest rate…

A:

Q: Find the future value in 8 years of a $10,000 payment today, if the interest rate is 3% per year…

A: We have PV = $10,000 r = 3% = 0.03 n = 8 years

Q: A house is rented for $3000 per quarter, with each quarter's rent payable in advance. If money is…

A: Given P=$3000 r=8% compounded quaterly. The objective is to find the future value of the rent for…

Q: Find the future value of an annuity due of $8,000 paid at the beginning of each 6-month period for 6…

A: Here we use the formula for future value of annuity due.

Q: Find the future value of an ordinary annuity of $2,000 paid quarterly for 5 years, if the interest…

A: Given,  Principal =p =  $ 2000 paid quarterly  Time period = t = 5 years  Number of compounding in a…

Q: Find the future value of an annuity due of $9,000 paid at the beginning of each 6-month period for 9…

A:

Q: Find the future value of an annuity due of $8,000 paid at the beginning of each 6-month period for 6…

A: Given that, the due is R=$8000, interest rate is 6% and interest is compounded semi-annually , time…

Q: Suppose payments were made at the end of each month into an ordinary annuity earning interest at the…

A: Given that: FV = future value = $75,000 r = annual interest rate = 4.5% = 0.045 n = number of…

Q: A relative wills you an annuity paying $4,000 per quarter for the next 10 years. If money is worth…

A: We have given the value of each payment i.e  P= $4000 Rate of interest   (r) = 8%  Total year is 10…

Q: A lottery offers a $1,000,000 prize to be paid in 29 equal annual installments of $20,000 with a…

A:

Q: Find the present value (in dollars) of an annuity that pays $4,000 at the end of each 6-month period…

A: See solution below. Here we used some basic formula

Q: Find the future value of an ordinary annuity of $7,000 paid quarterly for 3 years, if the interest…

A: Consider the provided question, The future value formula is given by, FV=PMT1+in-1i Given,…

Q: If you lend $3100 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: P=$3100r=8%⇒r=8100=0.08t =15 months⇒t=1512=1.25  in years   formula: I=Prt

Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

A: FV = P(1+TR)

Q: Find the future value of an account when $2250 is invested at 3.2% interest compounded quarterly for…

A:

Q: Find the future value of the ordinary annuity. Interest is compounded annually, unless otherwise…

A:

Q: Find the future value of an ordinary annuity of $5,000 paid quarterly for 3 years, if the interest…

A:

Q: Find the future value of an annuity of $1700 paid at the end of each year for 10 years, if interest…

A: To determine the future value of the annuity.

Q: Find the future value of an annuity due with payments of $350 each year for 8 years at 4%,…

A: Use the formula for the future value of an annuity and substitute the given values.

Q: Find the future value of an ordinary annuity of $9,000 paid quarterly for 3 years, if the interest…

A:

Q: Find the future value of an ordinary annuity of $110 paid at the end of each quarter for 2 years, if…

A:

Q: Find the future value of an ordinary annuity of $300 paid quarterly for 5 years, if the interest…

A:

Q: Find the future value of an ordinary annuity of $8000 paid quarterly for 3 years, if the interest…

A: Given  Paid value (PV) = $8000time period (n)   = 3 yearsintrest rate (i) = 8%=0.08Future value (FV)…

Q: Find the future value of an ordinary annuity of $2,000 paid quarterly for 3 years, if the interest…

A:

Q: A house is rented for $4000 per quarter, with each quarter's rent payable in advance. If money is…

A: Given house is rented for $4000 i.e. d=$4000 Interest rate r=3%=0.03  Number of compounding periods…

Q: Find the future value of an annuity of $1600 paid at the end of each year for 10 years, if interest…

A:

Q: As a result of a court settlement, an accident victim is awarded $1.2 million. The attorney takes…

A:

Q: Find the future value of an ordinary annuity of $7,000 paid quarterly for 3 years, if the interest…

A: Formula used,                        A=P(1+r/100)t

Q: Meg's pension plan is an annuity with a guaranteed return of 7% per year (compounded quarterly). She…

A:

Q: Find the future value, using the future value formula and a calculator. (Round your answer to the…

A: Given information Present value = $921 Rate of interest = 5.5% Year = 7% r = quarterly rate