Andy invested $850 semi-annually for eight years at 6%, compounded semi-annually. What is the value of this annuity due?

Q: Nathan deposits $800 at the end of every quarter for 7 years in a retirement fund at 5.12%…

A: 1. This is a simple annuity due.  A financial arrangement known as an annuity is one in which a…

Q: Morgan invested $1700 for four years compounded semi annually. If the future value of the investment…

A: Data given: PV= $1700 n=4 years  rate=? (compounded semi-annually) FV=$2195.68   Required: Annual…

Q: Kyler deposits $225 each month into an annuity at 6.2% annual interest for 25 years . At the end of…

A: Solution:- When an amount is invested somewhere, it earns interest on it. The amount initially…

Q: James plans to receive a monthly annuity of $1514 for the next 28 years as part of his inheritance.…

A: Here,Monthly Annuity (PMT) is $1514Time Period (n) is 28 yearsInterest Rate (r)  is 9.27%Compounding…

Q: Crystal Nelson is 30 years old and she invests $3,300 in an annuity, earning a 8% compound annual…

A: PV = 0 N = 21 rate = 8% PMT = 3300 use FV function in Excel with type as 1

Q: Tom has decided to invest $400 quarterly for 4 years in an ordinary annuity a 8%. As his financial…

A: Quaterly investment amount is $400 Time period is 4 years Interest rate is 8% To Find: Cash value…

Q: Donald Turner invested $4500 twice a year in an annuity due at Capital Appreciation, Inc. for a…

A: Periodic deposit (D) = $4500 n = 7 years = 14 deposits r = 4% per annum = 2% per period

Q: Mr.Myers has contributed $137.00 at the end of each month into an savings fund paying 5% per annum…

A: The effective annual interest rate describes the actual interest rate associated with an investment…

Q: In the following ordinary annuity, the interest is compounded with each payment, and the payment is…

A: We need to use ordinary annuity formula to calculate future value of all annuity payment Future…

Q: Maude Pasy $5000 a year into an annuity contract for 25 years. Maude is paying what?

A: Annuity contract is a contract which involves fixed amount of payment for a fixed period or for the…

Q: fran purchased an annuity that provides 6200 quarterly payments foe the next 10 years. The annuity…

A: Annuity Extension ratio (Return on capital per payment) = Cost of annuity / (Number of years* 4…

Q: Ashton invested $8450 for five years in his savings account that was earning 3.2% compounded…

A: To calculate the future value we will use the below formula   Future value = P*(1+r)n Where Invested…

Q: Shiraz deposited $500 at the end of each year for 18 years in a savings account. If the account paid…

A: Using the Future value function in excel

Q: Ruth bought an insurance for 66,000 at 6% to receive an annuity for 16 years. Find the specified…

A: A stream of equal cash flows (CF) paid or received periodically is termed as annuity. Annuity is…

Q: Mr. Said purchases an ordinary annuity paying 6 % quarterly for 8 years. Find the future value of…

A: Given, Annuity Payment (P) = OMR 2928 Time = 8 years Period (n) = 8*4 = 32 Rate per period (r) =…

Q: Carl has purchased an annuity to be paid at the end of each month for 20 years at an effective…

A: Present Value of Annuity = 200,000 USD YEars = 20 Terms(n) = 20*12 = 240 Rate of Interest(r)  =4%/12…

Q: Suppose Joan deposits 400 every month for 25 years into an IRA earning 12 percent compounded…

A: The Future Value of Ordinary Annuity refers to the concept which determines the sum total of all the…

Q: Noel has $330,000 with which to purchase an ordinary annuity delivering monthly payments for 25…

A: In ordinary annuity payments are made at the end of period and regular over the period of the…

Q: Sean deposits $300 at the end of every month for 1 years and 6 months in a retirement fund at 4.04%…

A: Since the deposits are at the end of every month, this is an annuity and not annuity that is…

Q: Joseph purchased an annuity that had an interest rate of 2.75% compounded semi-annually. It provided…

A: The purchase price of an annuity corresponds to current worth of annuity payments that make investor…

Q: Jennifer invests $2,400 at the end of each year for 11 years in an ordinary annuity at 10% interest…

A: Periodic Payment = $2,400 Time Period = 11 Years Interest Rate = 10%

Q: If paige has accumulated If Paige has accumulated $4400 by saving $65 every month for five years…

A: Use the compound interest formula to find the nominal annual rate of interest:A = P(1 +…

Q: Find the total value of the annuity at the end of the 2nd year.

A: Ordinary Annuity: These are annuity payments made at the end of the given period. These payments…

Q: At the beginning of each period for 11 years, Merl Agnes invests $410 semiannually at 4%. What is…

A: The future value of annuity due is the total value of a series of payment made at the beginning of…

Q: Jaime Bickers invests $4000 at the end of each semiannual period for 8 years. His financial advisor…

A: Calculate the future value as follows:

Q: Twice a year for 6 years, Wendy Cortez invested $800 compounded semiannually at 12% interest. What…

A: Annuity due is the annuity payments or receipts at the start of the period. The value is computed as…

Q: . Leo invested $67 250 into an annuity earning 4.4% compounded semi-annually. How much is he able to…

A: A series of fixed payments that are paid or received at an equal time interval is term as the…

Q: At the beginning of each period for 11 years, Bobby Nelson invests $470 semiannually at 4%,…

A: It can be calculated using FV function in excel. FV (rate, nper, pmt, [Pv], [type]) Rate The…

Q: If Marco invests $800 each year for 16 years at 9.5% interest, compounded quarterly, what is the…

A: Present Value of Ordinary Annuity refers to a concept which determines the value of cash flows at…

Q: At birth of his grandson, Gregorio Sirug commits to help pay his college education. He decides to…

A: Quarterly deposit (P) = P10,400 Interest rate = 10% Quarterly interest rate (r) = 10%/4 = 2.50%…

Q: Alejandra has an payout annuity that pays 66% annual interest compounded monthly. This is a 2020…

A: To solve this question, firstly have to take $10,000 as the present value and by using Annuity…

Q: Erica purchases a retirement annuity that will pay her $1,500 at the end of every six months for the…

A: Purchase price of annuity would be the present value of payments received from annuity based on time…

Q: To save for retirement, Milagro put $300 each month into an ordinary annuity for 20 years. Interest…

A: It's important to consider interest rates when making financial decisions, as they can have…

Q: Winston and Bonnie pay $400 at the end of each 6 months for 5 years into an ordinary annuity paying…

A: The Future Value (FV) of an annuity is the total value of a series of equal payments or deposits at…

Q: 11. Sandra Bellows 65 years old purchased an annuity for $25,000. Starting at the beginning of the…

A: An annuity seems to be a type of insurance contract that is produced and delivered by financial…

Q: Ned plans to donate $50 per week to his church for the next 60 years. Assuming an annual interest…

A: We need to use present value of ordinary annuity formula to calculate present value.WherePMT…

Q: Mr. Peabody drove to his bank and deposited $500 at the end of every three months for 15.6 years.…

A: Interest rate = 4.95% compounded semi annuallyThe effective annual rate is The quarterly interest…

Q: Jim Wright invested $7500 twice a year in an annuity due at Pacific Securities Company for a period…

A: Semiannual deposit (A) = $7500 Number of deposits (n) = 8 years = 16 r = 4% per annum = 2%…

Q: Jerome borrowed 5200 at 8 1/2% for six years compounded semi annually. What is the future value of…

A: Future value is the value of an investment or cash flow at a future point in time, based on the…