An annuity purchased for $175,000 pays $4,000 at the end of every quarter. How long will the payments continue if the compounded semiannually? (Do not round intermediate calculations and round up the number of payments, n, to the next funds earn 4% whole number.) It will be years [ months
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityAn annuity purchased for $185,000 pays $5,000 at the end of every quarter. How long will the payments continue if the funds earn 5% compounded semiannually? (Do not round intermediate calculations and round up the number of payments, n, to the next whole number.) Don't copy from other sources else downvoteAn annuity purchased for $195,000 pays $6,000 at the end of every quarter. How long will the payments continue if the funds earn 5% compounded semiannually? (Do not round intermediate calculations and round up the number of payments, n, to the next whole number.) It will be years/ months
- An ordinary annuity paying P1,811 at the end of each year for 15 years, is to be converted to an annuity paying an amount at the beginning of each month for 15 years. Money is worth 10% compounded annually. Determine the following: a.) Present Value of the Payment. b.) Amount being paid at the beginning of each month for 15 years. Note: Don't use excel. Use or draw some cashflows.This problem demonstrates the dependence of an annuity's future value on the size of the periodic payment. Suppose a fixed amount will be invested at the end of each year and that the invested funds will earn 5.3% compounded annually. What will be the future value of the investments after 15 years if the periodic investment is: (Do not round intermediate calculations and round your final answers to 2 decimal places.) Investment Future Value a. $2,300 per year $ b. S3, 300 per year $ c. S4, 300 per year $A company wants to have $20,000 at the beginning of each six month period for the next 4 1/2 years. If an annuity is set up for this purpose, how much must be invested now if the annuity earns 6.04%, compounded semi annually? (a)Decide whether the problem relates to an ordinary annuity or an annuity due. (B)Solve the problem. (round your answer to the nearest sent)
- If $82,000 is invested in an annuity that earns 5.3%, compounded quarterly, what payments will it provide at the end of each quarter for the next 4 1/2 years? (Round your answer to the nearest cent.) Answer should be like ex. 3145.626 it should only be in the thousandsFind the future value of the following annuity due. Then determine how much of this value is from contributions and how much is from interest $300 deposited at the beginning of each quarter for 13 years at 8.96% compounded quarterly The account will have a total of Safter 13 years. (Round to the nearest cent as needed.) How much of this is from contributions? $ (Round to the nearest cent as needed.) How much of this is from interest? $ (Round to the nearest cent as needed)Find the future value of each annuity due. Then determine how much of this value is from contributions and how much is from interest. Payments of $1000 made at the beginning of each semiannual period for 7 years at 8.49 % compounded semiannually The future value of the annuity due is $. (Do not round until the final answer. Then round to the nearest cent as needed.) The amount from contributions is $ The amount from interest is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
- A company wants to have $50,000 at the beginning of each 6-month period for the next 4 1/2 years. If an annuity is set up for this purpose, how much must be invested now if the annuity earns 6.29%, compounded semiannually? (a) Decide whether the problem relates to an ordinary annuity or an annuity due. ordinary annuityannuity due (b) Solve the problem. (Round your answer to the nearest cent.) $Recently, More Money 4U offered an annuity that pays 6.3% compounded monthly. If $1.256 is deposited into this annuity every month, how much is in the account after 12 years? How much of this is interest? Type the amount in the account: (Round to the nearest dollar.)A company wants to have $30,000 at the beginning of each 6-month period for the next 4 1/2 years. If an annuity is set up for this purpose, how much must be invested now if the annuity earns 6.42%, compounded semiannually? (b) Solve the problem. (Round your answer to the nearest cent.)$ _____