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- The future value of an annuity of $1,000 each quarter for 10 years, deposited at 12 percent compounded quarterly is O a. $93,049 O b. $75,401 O c. $11,200 O d. $17,549What endowment is required to establish a perpetuity with an ongoing cost of $6,000 atthe end of each month if interest is 6.0% compounded annually in perpetuity?A. $1,325,562.62B. $1,232,652.72C. $1,365,256,24D. $1,562,897.26Find the present value of the ordinary annuity: Payments of $450 made annually for 13 years at 6% compounded annually. a. $ 4182.75 b. $ 3772.71 c. $3982.28 d. $ 3983.71
- b C d (D Find the future value of ordinary annuity of the following items: Sinking Fund Payment Payment Period every 6 months every year every 3 months every month every 3 months Time Period 8 years 14 years 5 years 1½ years 4 years Nominal Rate 10% 9% 12% 12% 16% Interest Compounded semi-annually annually quarterly monthly quarterly Future Value 500,000 2,500,000 15,000 40,000 187,000Атount of Еach Deposit Rate Number Туре Атount Deposited per Year of Years of Annuity of Annuity 1. $1000 annually 6% 8 ordinary 2. $4500 semiannually 10% ordinary 3. $30,000 quarterly 8% 6. due 4. $2600 semiannually 5% 12 dueCalculate the amount of money deposited into an account as a perpetuity if it is used for $2300 wilthdrawals to be made al the end of every quarter when money arms 4% p.a. compounding semi-annually Celect one: O a 117300 O b. 115000 O c 230000 O d. 232300
- 7. Present Value of a Perpetuity Determine the present value of each of the following perpetuities. Part Annual CF Interest Rate A $34,000 B $90,000 C $6,000 D $60,000 8% 10% 6% 5%Compute the future value of $2,000 compounded annually for 10 years at 10 percent. Oa. $5,187 48 O b. $3,880.24 O c. $1,480.24 O d. $4,080.24Find the present value of the ordinary annuity. Round answer to the nearest cent Payments of $530 made annually for 13 years at 6% compounded annually O A. $4,691.92 B. $4,690.24 O C. $4,926.35 O D. $4,443.41
- Payment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Present Valueof the Annuity $4,000 every year 20 4 annuallyFind how much needed to deposit now at 9% interest compounded annually to yield a annuity payment of $1200 at the beginning of each year for 18 years $10252.36 $7870.92 $7486.12 $11452.36K Use the ordinary annuity formula to determine the accumulated amount in the annuity. Round to the nearest cent. $225 is invested quarterly for 7 years at 7% compounded quarterly OA. $14,041.15 OB. $8,741.14 OC. $8,041.02 OD. $8,441.04