A man bought an eqpt costing P500k payable in 20 semi annual payments with i = 12% , determine each installment if payment is made: (a) 1 year after & (b) at the beginning of each period. What are its corresponding future value of the annuity?
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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 annuityA man bought an eapt casting P300k payable in 12 quarter payments with i = 24%, determine installment of payment is made: (a) at the end of each period b) at the beginning of each period What would be its corresponding future value of the annuity?Find the future value of the following ordinary annuities. Payments are made and interest is compounded as given. R = $9000, 5% interest compounded annually for 15 years What is the future value of the ordinary annuity? $ (Round to the nearest cent.)
- A perpetuity of $1 each year, with the first payment due immediately, has a present value of $25 at an annual effective rate of i%. The owner exchanges it for another perpetuity with the first payment due immediately and subsequent payments due at two year intervals. What should the payment of the second perpetuity be, in order to keep the same interest rate, i%, and the same present value? A B с D E Less than $1.90 At least $1.90, but less than $1.94 At least $1.94, but less than $1.98 At least $1.98, but less than $2.02 $2.02 or moreThe following terms of payment for an annuity are as follows:Periodic payment = P20,000Payment interval = 1 monthInterest rate = 18% compounded monthly Terms = 15 years1. Find the present worth paid of all the payments if it is paid at the end of each month. 2. Find the difference between the sums of an annuity due and an ordinary annuity on these payments. 3. Find the difference between the present values of an annuity due and an ordinary annuity based on these payments. Anwers. 1. P1,214,911.246 2. P271,687.35 3. P18,628.67Find the future value of the following ordinary annuity. Payments are made and interest is compounded as given. R = $1,000, 5% interest compounded monthly for 6 years What is the future value of the ordinary annuity? (Round to the nearest dollar as needed.)
- a) Find the future value of an annuity when the payment is P13,750 quarterly, the interest is 6.5% compounded quarterly, and the term is 6 years.b) Find the interest earned.Find the future value of an ordinary annuity of $700 paid at the end of each year for 6 years, if interest is earned at a rate of 5%, compounded annual. What is the future value?1. Solve for the present value of annuity due for an investor to receive P12,000.00 semi-annually for 6 years if it will be compounded at 8% semi- annually?
- If money is worth 2.07%, determine the present value of perpetuity of P 4,187 payable annually, with the first payment due at the end of five years. Solve and explain!Find the present value of an ordinary annuity with deposits of $11,055 semiannually for 10 years at 9.2% compounded semiannually. What is the present value? $ (Round to the nearest cent.)Find the future value of an annuity due with an annual payment of $13,000 for three years at 4% annual interest using the simple interest formula. How much was invested? How much interest was earned?