Use a calculator to evaluate an ordinary annuity formula nt A = m for m, r, and t (respectively). Assume monthly payments. (Round your answer to thei $50; 7%; 5 yr A = $3 173.90
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A series of fixed payments that are paid or received at an equal time interval is term as the annuity.
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- Use a calculator to evaluate an ordinary annuity formula for m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent.) $20; 4%; 30 yr A = $Use a calculator to evaluate an ordinary annuity formula A = m 1 + r n nt − 1 r n for m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent.) $50; 7%; 5 yr A = $Use a calculator to evaluate an ordinary annuity formula. For m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent). $50, 8%, 4 years.
- We can now use the following formula to find the present value of the account where the annuity payments are $400 each month. present value = table factor ✕ annuity payment The table factor was determined to be 21.67568. Before using the above formula, we must add 1 to the table factor since this is an annuity due. Thus, the table factor to use in the formula is 21.67568 + 1 = . Substitute the values into the formula, rounding the result to the nearest cent. present value = table factor ✕ annuity payment = ✕ 400 = $ Therefore, to receive annuity payments of $400 at the beginning of each month for 2 years, the amount that should be deposited now into an account earning 6% interest compounded monthly, to the nearest cent, is $ .Give typing answer with explanation and conclusion to all parts If $387674 is used to purchase an annuity earning 5.5% compounded monthly and paying $3102 at the end of each month, what will be the term of the annuity? Include the final, smaller annuity payment in the total. (Just state total months as a number, not years and months) What is N? What is I/Y? What is C/Y? What is P/Y? What is PV? What is PMT? What is FV?Complete the table below by computing for the unknown component of a general annuity. PMT r t Payment interval Compounding period FV PV 1.P900 6% 6.25 yrs. Monthly quarterly ? 2.P1800 11% 8 yrs. Quarterly monthly ? 3.P500 5% 8 yrs. Monthly annually ?
- Use graphical approximation techniques or an equation solver to approximate the desired interest rate. A person makes annual payments of $1000 into an ordinary annuity. At the end of 5 years, the amount in the annuity is $ l5764.52. What annual nominal compounding rate has this annuity earned? Type the interest rate % (round to 2 decimal places)An annuity pays an amount of $86.00 each period for 9 periods, and the present value is $666.00. What is the discount rate/period of this annuity kindly use formulaUse a calculator to evaluate the present value of an annuity formula P = m 1 − 1 + r n −nt r n for the values of the variables m, r, and t (respectively). Assume n = 12. (Round your answer to the nearest cent.) $150; 4%; 15 yr $
- Find the payment made by the ordinary annuity with the given present value. $82,087, monthly payments for 30 years. Intrest rate is 4% compounded monthly. The payment is $ ? Please simplify your answer. Round to nearest cent as neededIf the present value of an ordinary, 6-year annuity is $8,800 and interest rates are 9.5 percent, what’s the present value of the same annuity due? (Round your answer to 2 decimal places.) PV = $_______.__If the present value of an ordinary, 7-year annuity is $6,500 and interest rates are 7.5 percent, what’s the present value of the same annuity due? (Round your answer to 2 decimal places.)
