a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Time 20 years Rate Periodic Deposit $1000 at the end of each year 3% compounded annually
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Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…
A: An Annuity is a continuous flow of systematic timely cash flows made or received for a stipulated…
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A: The PMT is the equal pay that has to paid or received monthly or yearly.
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A: given, ordinary annuity: A=p 1811 n =15 r=10%
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A: “Since you have asked multiple questions, we will solve the one question for you. If you want any…
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A: PMT=7500 Semi annual : interest = 7%/2= 3% n= 3*2= 6
Q: Find the amount accumulated FV
A: Future value is the value of today’s money at some future time period. It is calculated by using the…
Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…
A: An Annuity is a continuous flow of systematic timely cash flows made or received for a stipulated…
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A: Ordinary annuity are the payments which are made at the end of the period.
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A: Monthly deposits =$500 Interest =4% Monthly interest = 0.04/12 =0.33% Time =11 years Monthly period…
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Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…
A: Monthly deposit = $250 Rate of interest = 4% /2 = 2% Time period = 30 years*2 = 60
Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…
A: For calculating the future value of annuity, following formula shall be used: = Amount of deposit *…
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A: Periodic payment (P) = $ 2000 Period = 10 Years Number of semiannual periodic payments (n) = 10*2 =…
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A: P= Periodic Investment P =$250 R =22 = 1% R = Interest per each year n =Number of Periods n =…
Q: a.use the appropriate formular to find the value of the annuity. b.find the interest. PERIODIC…
A: Annuity: The fixed amount paid or received in equal time periods is referred to as annuity. Compound…
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A: Annual interest rate = 6% Semi annual interest rate (i) = 6%/2 = 3% Period = 12 Years Number of semi…
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A: Ordinary Annuity is one of the two classification of annuities where first annuity transaction is…
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- Value of an Annuity Using the appropriate tables, solve each of the following. Required: 1. Beginning December 31, 2020, 5 equal withdrawals are to be made. Determine the equal annual withdrawals if 30,000 is invested at 10% interest compounded annually on December 31, 2019. 2. Ten payments of 3,000 are due at annual intervals beginning June 30, 2020. What amount will be accepted in cancellation of this series of payments on June 30, 2019, assuming a discount rate of 14% compounded annually? 3. Ten payments of 2,000 are due at annual intervals beginning December 31, 2019. What amount will be accepted in cancellation of this series of payments on January 1, 2019, assuming a discount rate of 12% compounded annually?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 ($1) C. future value of an ordinary annuity D. present value of an ordinary annuitya. Use the appropriate formula to find the value of the annuity b.how much of the financial goal comes from deposit and how much comes from interest? periodic deposit-$? at the end of the month Rate-5% compounded monthly Time-16 years Financial goal-$140,000
- Calculate the future value of the following annuities, assuming each annuity payment is made at the end of each compounding period. Annuity Payment Annual Rate Interest Compounded Period Invested 1. $3,000 7% Annually 6 years 2. 6,000 8 Semiannually 9 years 3. 5,000 12 Quarterly 5 yearsUse the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit Rate Time $30 at the end of each month 5% compounded monthly 10 yearsa.use the appropriate formular to find the value of the annuity. b.find the interest. PERIODIC DEPOSIT| | RATE | TIME $1500 at the end of every three months| 6.25% compounded quaterly | 5 years
- Calculate the present value of the following annuities, assuming each annuity payment is made at the end of each compounding period. Annuity Payment Annual Rate Interest Compounded Period Invested 1. $4,000 7% Annually 5 years 2. 9,000 8 Semiannually 3 years 3. 3,000 8 Quarterly 2 yearsFind 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 deposit. M=$200 N=semiannually R=8% T=25Find 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. $ Amount of Deposit m $5,000 Frequency Rate n r annually 8% Time t 10 yr
- a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit $90 at the end of every six months Rate Time 4.5% compounded semiannually 35 yearsa. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit Rate Time $90 at the end of every six months 3.5% compounded semiannually 15 years a. The value of the annuity is (Do not round until the final answer. Then round to the nearest dollar as needed.)a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit Rate Time $80 at the end of each month 6% compounded monthly 40 years a. The value of the annuity is $______. (Do not round until the final answer. Then round to the nearest dollar as needed.)