Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- The present value of an annuity is given. Find the periodic payment. (Round your final answer to two decimal places.) Present value = $6200, and the interest rate is 7.2% compounded quarterly for 4 years.arrow_forwardUse Table 12-2 to calculate the present value (in $) of the annuity due. (Enter a number. Round your answer to the nearest cent.) Annuity Payment Payment Frequency Time Nominal Interest Period (years) Rate (%) Compounded Present Value of the Annuity $300 every month (2 1/4) 6 monthly $ Need Help? Read Itarrow_forwardFind the periodic withdrawals PMT for the given annuity account. HINT [See Quick Example 4.] (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $400,000 at 5%, paid out quarterly for 13 years PMT = $arrow_forward
- Find the periodic withdrawals PMT for the given annuity account. HINT [See Quick Example 4.] (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) PMT= $ $200,000 at 5%, paid out quarterly for 14 years X Need Help? Read Itarrow_forwardIn the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the required payment for the sinking fund. (Round your answer to the nearest cent.) Yearly deposits earning 12.3% to accumulate $7500 after 12 years.arrow_forwardFind the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $1,700 is deposited quarterly for 20 years at 7% per yeararrow_forward
- Determine the amount of the ordinary annuity at the end of the given period. (Round your final answer to two decimal places.) $600 deposited quarterly at 6.8% for 10 years.arrow_forwardIn the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the amount of time needed for the sinking fund to reach the given accumulated amount. (Round your answer to two decimal places.) $295 monthly at 5.8% to accumulate $25,000.arrow_forwardFind the amount of the ordinary annuity based on the information given. R = $10,500, 8% interest compounded semiannually for 8 years The amount of the ordinary annuity is (Round to the nearest dollar as needed.)arrow_forward
- Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) Amount of Deposit Frequency Rate Time $450 semiannually 3% 20 yrarrow_forwardFind the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) Amount of Deposit Frequency Rate Time m $500 annually 1% 20 yrarrow_forwardFind the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $300,000 at 6%, paid out monthly for 11 yearsarrow_forward
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