At the beginning of each period for 11 years, Bobby Nelson invests $470 semiannually at 4%, compounded semiannually. What is the cash value of this annuity due at the end of year 11
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At the beginning of each period for 11 years, Bobby Nelson invests $470 semiannually at 4%, compounded semiannually. What is the cash value of this
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- At the beginning of each period for 11 years, Merl Agnes invests $410 semiannually at 4%. What is the cash value of this annuity due at the end of year 11? (Do not round intermediate calculations. Round your answer to the nearest cent.In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period.An individual retirement account, or IRA, earns tax-deferred interest and allows the owner to invest up to $5000 each year. Joe and Jill both will make IRA deposits for 30 years (from age 35 to 65) into stock mutual funds yielding 9.8%. Joe deposits $5000 once each year, while Jill has $96.15 (which is 5000/52) withheld from her weekly paycheck and deposited automatically. How much will each have at age 65? (Round your answer to the nearest cent.) Joe $ Jill $At the end of each of the past 14 years, Vanessa deposited $450 in an account that earned 8% compounded annually. How much is in the account today? How much would be in the account if the deposits were made at the beginning of each year (PMT Type) than at the end of each year? (Use Future Value of an Annuity
- At the beginning of each year, Jerome invests $1,400 semiannually at 8% for nine years. Using the tables found in the textbook, determine the cash value of the annuity due at the end of the ninth year. A. $37,939.86 B. $37,339.68 C. $37,399.68 D. $38,739.68Twice a year for 6 years, Wendy Cortez invested $800 compounded semiannually at 12% interest. What is the value of this annuity due?Kyler deposits $225 each month into an annuity at 6.2% annual interest for 25 years . At the end of 25 years , he has an account balance of 160,811.43 how much of this did kyler contribute and how much of this is interest
- Mr. Peabody drove to his bank and deposited $500 at the end of every three months for 15.6 years. What is the accumulated value of Mr. Peabody's annuity at 4.95% compounded semi-annually?Jennifer invests $2,400 at the end of each year for 11 years in an ordinary annuity at 10% interest compounded annually. What is the final value of Jennifer’s investment14. In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period.An individual retirement account, or IRA, earns tax-deferred interest and allows the owner to invest up to $5000 each year. Joe and Jill both will make IRA deposits for 30 years (from age 35 to 65) into stock mutual funds yielding 9.1%. Joe deposits $5000 once each year, while Jill has $96.15 (which is 5000/52) withheld from her weekly paycheck and deposited automatically. How much will each have at age 65? (Round your answer to the nearest cent.) Joe $ Jill $ 16. Calculate the present value of the annuity. (Round your answer to the nearest cent.) $11,000 annually at 5% for 10 years.
- Geoff has paid $16,000 for a retirement annuity from which he will receive $1,582 at the end of every six months. The payments are deferred for 11 years and interest is 4% compounded semi-annually. (a) How many payments will Geoff receive? (b) What is the size of the final payment? (c) How much will Geoff receive in total? (d) How much of what he receives will be interest?Ryan invests a sum of money in a retirement account with an annual interest rate of 7% compounded quarterly. After 10 years, the balance reaches 11,008.79. What was the amount of the initial investment?Tom has decided to invest $400 quarterly for 4 years in an ordinary annuity a 8%. As his financial adviser calculate for Tom the total cash value of the annuity at the end of year 4.
