April Stigum will receive a 20-year annuity of $20,000 annually, beginning six years from today in other words, the first payment of twenty payments will be made at the end of year 6. Assuming a required rate of retum of 5%, calculate the present value today of her annuity (Round to 2 decimal)

Brodie receives $500 every 12 months forever, starting 20 months from today. If his stated annual interest rate is 14% compounded monthly, what is the present value of this perpetuity? a. $3,600 b. $3,000 c. $3,250 d. $3,350 e. $3,050

A woman deposits $260 of her quarterly check into an annuity for the education of her child. She does this at the end of each quarter for 4 years into an account paying 6% per​ year, compounded quarterly. Find the amount of the annuity and the interest earned.

Bridget Jones has a contract in which she will receive the following payments for the next five years: $3,000, $4,000, $5,000, $6,000, $7,000. She will then receive an annuity of $10,500 a year from the end of the sixth year through the end of the fifteenth year. The appropriate discount rate is 13 percent. a. What is the present value of all future payments? (Use Excel to arrive at the answer. Round the final answer to the nearest dollar amount.) Present value b. If she is offered a buyout of the contract for $32,000, should she do it? Yes No

Joyce Keegan has decided to invest $500 quarterly for 5 years in an ordinary annuity at 12%.  As her financial adviser, calculate the total cash value of the annuity at the end of year 5 for Joyce.

Eric and vest $1050 every year in an annuity that pays six. 6% interest compounded annually. Payments will be made at the end of each year. Find the total value of the annuity in 21 years.