Use the ordinary annuity formula to determine the accumulated amount in the annuity. Periodic deposit- $8000 Rate- 5.5% Time 35 years

Q: Use Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your answer to…

A: AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Present…

Q: Selena and Dustin have a pre-approved mortgage for $249 000. The current annual interest rate for a…

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Q: An annuity pays 5700 dollars on January 1 of each year, starting on January 1, 2000. If 23 payments…

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Q: What is the present value of an annuity that consists of 27 annual payments of $2400 at an interest…

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Q: Find the monthly payment that will yield the future value of $105,000 using an ordinary annuity at…

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Q: An annuity pays 8100 dollars on January 1 of each year, starting on January 1, 2000. If 21 payments…

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Q: Find the future value for the ordinary annuity with the given payment and interest rate. PMT =…

A: Given: P=$2,500R=1.95%=1.95100=0.0195T=8 yearsn=4 To determine: The future value of the ordinary…

Q: Use the ordinary annuity formula nt 1 A = n to determine the accumulated amount in the annuity.…

A: The ans is $591851.94

Q: Find the future value of an annuity $ 17226.91 Need Help? Read It

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Q: A $1,000,000 lottery prize pays $50,000 per year for the next 20 years. If the current rate of…

A: Solution: Duration of Investment (t) =20 years Interest Rate (r) = 6.25%=6.25100=0.0625 PMT (m) = $…

Q: uppose Jesse deposits $500 every month for 30 years into an IRA earning ompounded monthly. What…

A: Topic:- algebra

Q: Find the amount (in $) of interest on the loan. Principal Rate (%) Time Interest $50,000 6 months…

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Q: Use a calculator to evaluate the present value of an annuity formula (1 + +) -nt 1 - P = m for the…

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Q: given annuity account. (Assume - 19 years at 4% per year

A: FV=$67846.05

Q: Use a calculator to evaluate the present value of an annuity formula -nt- 1 - 1 + P = m n for the…

A: Present value of an annuity is given by P=m1-1+rn- ntrn where ; m : Amount of each annuity payment…

Q: Use the ordinary annuity formula     Periodic Deposit ​$6000 at the end of each year Rate 5%…

A: The present value of the ordinary annuity is, Thus, the present value of the ordinary annuity is…

Q: Mustafa purchases an annuity due paying 5% quarterly. If his payment is $9651, how much will its…

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

Q: A family purchased a new home for $150,000. They made a down payment of 12% of the purchase price…

A: Given that the total purchasing price for a new home is $150000. The down payment made is 12% of the…

Q: Annuities Find the 10-year future value of an ordinary annuity with a contribution of $1500 at the…

A: Formula to be used: Future value of an ordinary annuity, FV= PMT(1+r)n-1r Where,              PMT:…

Q: value of annuity due _________

A: Here amount of payment p = $19,000; payment payable = semiannually n = 9 years  interest rate - 8%

Q: A woman deposit $290 of her quarterly checks into an annuity for the education of her child. She…

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Q: Find the amount of ordinary annuity based on the information given. R = $12,000, 7% interest…

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Q: Luis has $110,000 in his retirement account at his present company. Because he is assuming a…

A: answer  Total sum will be = $ 3081959.75 detailed explanation is given below

Q: Find the present value of the given future amount. $61,000 for 23 months at 9% simple interest What…

A: For Cash Flow at period 1=C1, rate of return = r and number of periods = n, the Present Value…

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: Mustafa purchases an annuity due paying 5% quarterly. If his payment is $9651, how much will its…

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Q: $350 is deposited at the end of each month for compounded monthly. What is the amount of the…

A: Introduction: The word "percentage" was derived from the Latin word "per centum," which means "by…

Q: Find the amount (in $) of interest on the loan. Principal Rate (%) Time Interest $13,800 9.4 years $

A: We have, Principal, P = $13800Rate of interest, r= 9.4% = 0.094 and Time, t  = 534yrs = 234yrs

Q: Find the amount of the payment to be made into a sinking fund so that enough will be present to…

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Q: Tamaya purchased an ordinary annuity that earns 3.5% interest. She will receive 20 payments of $700,…

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Q: What is the future value of a $10,000 annuity due at an interest rate of 3% for 5 years? Select one:…

A: Apply the compound interest formula, F=A(1+r)n Where A is the principal, r is the annual interest…

Q: ompute the amount of annuity due.

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Q: Use a calculator to evaluate the present value of an annuity formula -(1 + )**] -nt P = m for the…

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Q: Find the future value (FV) of the annuity due. (Round your answer to the nearest cent.) $165 monthly…

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Q: What is the future value of the annuity? Regular Payment $2500 every 6 months Rate of Compound…

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Q: Martina borrowed money from a bank to buy a fishing boat. She took out a personal, amortized loan…

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Q: Complete the ordinary annuity. (Do not round intermediate calculations. Round your final answer to…

A: Given that - amount of annuity expected $890; payment - annually; time - 5 years; interest rate - 7%

Q: $600 deposit yearly in an annuity account that pays 12% per year and compouns once yearly. how much…

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Q: Monthly payments of ​$125 are paid into an annuity beginning on January​ 31, with a yearly interest…

A: The formula to calculate the amount to be paid after a loan of P amount is taken at the rate of r%…

Q: Use a calculator to evaluate the present value of an annuity formula -(1 + -)" -nt. P = m for the…

A: we have given the values of m, r, n, t using the formula we need to calculate P.

Q: Determine the kind of annuity used in the following situations. Then, solve the problem. Show your…

A: Solution of the problem as follows

Q: Find the amount (in $) of interest on the loan. Principal Rate (%) Time Interest $60,000 17 9. years…

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Q: Calculate the total deposit and amount of each annuity. Which earns more? Annuity 1: $700 deposited…

A: see atttachments

Q: Use the ordinary annuity formula shown to the right to determine the accumulated amount in the…

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Q: Find the future value for the ordinary annuity with the given payment and interest rate PMT=$750;…

A: Given, Principal = P = 750 $ Rate of interest = R =  1.3% compounded semiannually Time period  = n =…

Q: Find the future value of an ordinary annuity of $1,000 paid at the end of each year for 5 years, if…

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

A: We have to find monthly deposits and interest earned.

Q: Find the present value of the ordinary annuity. M=$100 R=5% N=2 T=8 years

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