A 20-year annuity pays $1,500 monthly, and payments are made at the end of each month. If the interest rate is 6.25 percent compounded monthly for the first ten years and 5.50 percent compounded monthly after that, what is the PV of the annuity?
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A 20-year
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- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?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 pays $4152 per month, and payments are made at the end of each month. If the interest rate is 13 per cent compounded monthly for the first 9 years and 8 per cent compounded monthly for the next 13 years, what is the present value of the annuity?
- What is the value of a 30-year annuity that pays $2500 a year? The annuity’s first payment will be received on year 11. Also, assume that the annual interest rate is 4 percent for years 1 through 10 and 5 percent hereafter.A 13-year annuity pays $1,400 per month, and payments are made at the end of each month. The interest rate is 7 percent compounded monthly for the first six years and 5 percent compounded monthly thereafter. What is the present value of the annuity?A 13-year annuity pays $1,200 per month, and payments are made at the end of each month. The interest rate is 13 percent compounded monthly for the first five years and 11 percent compounded monthly thereafter. What is the present value of the annuity?
- For an ordinary annuity with a five annual payments of $100 and a 10% interest rate, how many years will the first payment earn interest?A 15-year annuity pays ¢5,500 per month, and payments are made at the end of each month.If interest rate is 20% compound monthly for first seven years and 18% compound monthlythereafter, what is the present value of the annuityA 20 year annuity pays $50 at the beginning of each month during the first year, $55 at the beginning of each month during the second year, $60 at the beginning of each month during the third year, and so on. The nominal annual interest rate is 6% compounded monthly. Calculate the present value of the annuity.
- A 20-year annuity pays $1,950 per month, and payments are made at the end of each month. If the interest rate is 11 percent compounded monthly for the first ten years, and 7 percent compounded monthly thereafter, what is the present value of the annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)Present value $A ten-year annuity has an interest rate of 12% with individual cash flows of $150 at every end of the year. What is the present value of the annuity?An annuity provides for 12 annual payments. The first payment is $100. paid at the end of the first year, and each subsequent payment is 5.0% more than the once preceding it. Calculate the present value of this annuity if i= 7.0%.