*************** A lottery offers a $1,000,000 prize to be paid in 20 equal Installments of $50,000 at the end of each year. What is the future value of this annuity If the current annual rate is 3% ? (Round your answer to the nearest cent.) Ex
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- arks Profiles Tab Window Help courses/78117/quizzes/195667/take The present value of an annuity of P5,000 payable at the end of each quarter for 9.5 years is P138,000. What is the nominal interest rate compounded quarterly? KER ONE The monthly rent for a one-bedroom apartment in MVP Tower is P10,000, payable at the beginning of the month. If the current interest rate is 12% compounded monthly, what would be the fair amount to charge someone if they wish to pay the one-year rent in advance today? Round off your answer to the nearest peso. 80 000 F4 F3 FS F6Question Help Acme Annuities recently offered an annuity that pays 4.2% compounded monthly. What equal monthly deposit should be made into this annuity in order to have $70,000 in 10 years? The amount of each deposit should be $. (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. Clear All Check Answer All parts showing רA Amazon.in AliExpress Would you like to make Opera your everyday browser? How do I do that? CE-Alpha My Courses - Question Not yet Annuity Interest Rate Compounding Present Value of Annuity Years Marked 15 2.34% Monthly $416,000.00 P Flag O a. $2,753.75 O b. $2,767.05 O c. $1,931.42 O d. $2,742.62 Previous page O A
- Calculate the principal portion of the second payment on the required on an amortized loan annual interest rate of 8.25% for 20 years. finance the purchase of a new home priced at $99,757.57 assuming the O A. $165.30 O B. $174.17 OC. $175.30 O D. $164.17 Click to select your answer. tUs /- MacBook Air 888 F4 14 F7 F1 F3 FS F6 II 4) F9 F10 F11 @ 2$ 4 23 & 2 6. 0. R Y P. S D F H. J K B alt command +Lottery Winnings The $59.4 million lottery payment that you just won actually pays $2.2 million per year for 27 years. If the discount rate is 12.70% and the first payment comes in 1 year. a. What is the present value of the winnings? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Present value $15.05 million b. What is the present value of the winnings, if the first payment comes immediately? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)The $59.4 million lottery payment that you just won actually pays $2.2 million per year for 27 years. If the discount rate is 12.70% and the first payment comes in 1 year. a. What is the present value of the winnings? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)K Que Show Transcribed Text Que Que Determine the nominal annual rate of interest of the following ordinary general annuity. Que Present Value $4600 solve this question view how to solve this question from second image thankyou... Que The nominal annual rate of interest is % compounded quarterly (Round to two decimal places as needed.) BA II PLUS Solution Process Periodic Payment $59.94 280 The nominal annual rate of interest of an ordinary general annuity with a present value of $270, a periodic payment of $86, a payment interval of 1 year, a term of 4 years, and interest converted quarterly ("END" mode) Set P/Y=1, C/Y=4 The solution process, using the BA II PLUS financial calculator and rounding the answer to two decimal places, is given below. 4 270 CPT Payment Interval 1 month 86 CLR TVM FV PV Term PMT I/Y Ans: 10.06 8 years Conversion Period quarterly
- /discuss.php?d=599012 Question 1: Calculate the future value for question 3 and 8 in the table below For questions 1-4, calculate the future value. Present Value 1. 2. 3. 4. SO SO $15,000 $38,000 Interest Rate 7% quarterly 9% monthly 5.6% quarterly 8% semi-annually Payments $2,000 quarterly $375 monthly $3,000 annually $1,500 monthly Timing of Payment Years Beginning 10 20 30 8 End End Beginningplease answer correct and complete with steps thanks no copy paste Suppose that an annuity will make annual payments of 4200 dollars apiece (starling a year from now), followed by a smaller partial payment a year after the last fun payment. If the present value of the annuity is 37000 dollars and the interest rate is 6.8 percent effective, how large Is the final partial payment? Answer = dollars.5.1 Annuity Period to the present value of an annuity? What happens to the future value? 5.2 Interest Rates What happens to the future value of an annuity if you increase the rate, r? What happens to the present value? As you increase the length of time паррens 5.3 Annuity Present Values Tri-State Megabucks Lottery advertises a $10
- If you owe $47,000 payable at the end of five years, what amount should your creditor accept in payment immediately ifse cou earn 8 percent on her money? Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Présent value eBook Hint ant Reterenc PV=F 47,0Problem 5.06 (Future Value: Annuity Versus Annuity Due) eBook What's the future value of an 11%, 5-year ordinary annuity that pays $400 each year? If this was an annuity due, what would its future value be? Do not round intermediate calculations. Round your answers to the nearest cent. Future Value of an Ordinary Annuity: $ Future Value of an Annuity Due: $eBook Calculator E Print Item Present Value of an Annuity On January 1, you win $4,600,000 in the state lottery. The $4,600,000 prize will be paid in equal installments of $460,000 over 10 years. The payments will be made on December 31 of each year, beginning on December 31 of the current year. If the current interest rate is 6%, determine the present value of your winnings. Use Table 3. Round to the nearest whole dollar. ( Previous Next Check My Work 3 more Check My Work uses remaining. 0 11:1 %24