Avishek is saving up to buy a boat. He will make deposits of $787.50 at the end of every two weeks. The interest rate is 8.875% compounded weekly. How much will he have at the end of 1 years? a) This question deals with the value of an annuity + . b) There will be payments. The payment period is + c) The payment amount is $ d) The effective interest rate per period is % e) The present/future value is $
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- Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?Boris wants to save $27,000.00 for the down payment on a house. He already has $2,700.00, and he will make bi-weekly deposits for the next 2 years (at the end of each period). The interest rate is 1.225% compounded monthly. How much will the bi-weekly deposits be? a) This question deals with the value of an annuity b) There will be payments. The payment period is c) The payment amount is $ d) The effective interest rate per period is % e) The present/future value is $
- It is now the beginning of the year. Assume that, starting at the end of the year, you will make deposits of $834 each year into a savings account. You will make a total of 4 yearly deposits. If the savings account interest rate is 11%, how much money will you have at the end of year 4? (In other words, what is the future value of this annuity?)Suppose you borrowed $400 from a friend and promised to repay the loan by making three annual payments at the end of each of the next three years plus a final payment of $200 at the end of year 4. The interest rate is 9%. What is the annuity amount?Suppose that you would like to have $25,000 to use as a down payment for a home in five years by making regular deposits at the end of every three months in an annuity that pays 7.25% compounded quarterly. Determine the amount of each deposit. Round up to the nearest dollar. How much of the $25,000 comes from deposits and how much comes from interest?
- Mr. Romeo wants to deposit a sum of money today that will give an ordinary annuity paying 12,000 quarterly for the next 6 years. If the interest is 8.8% compounded quarterly and withdrawals will be done at the end of each quarter, find the present value of the ordinary annuity.You would Ilike to have $59,000 in 5 years for the down payment on a new house following graduation by making deposits at the end of every three months in an annuity that pays 4.25% compounded quarterly. (a) How much should you deposit at the end of every three months? (b) How much of the $59,000 comes from deposits? (c) How much of the $59,000 comes from interest? (Round UP to the nearest dollar. For example, $247) OPensyrooo n 21 l 1e0 (6)' s 6Tei 0hcc doirdW (b)Saaviz wDi 26. 7 1 0 59.000 6 00Suppose you purchased an annuity that pays $200 at the beginning of each year for 3 years. The interest rate is 4.4%. What is the present value of the annuity?
- Jean-Rene wants to make a lump-sum deposit today such that at the end of every three months for the next five years he can receive a payment starting at $2,500 and increasing by 1% each time thereafter. At the end of the term, an additional lump-sum payment of $10,000 is required. If the annuity can earn 8.75% compounded semi-annually, what lump sum should he deposit today? Using financial Calculator.tion Sam needs a new roof for her house. She can pay cash, or pay by installments. Payments would be $217.91 monthly (at the end of every period) for 9 years. The interest rate is 2.675% compounded quarterly. a) This question deals with the value of an annuity b) There will be payments. The payment period is c) The payment amount is $ d) The effective interest rate per period is e) The present/future value is $ Time left 0:26:17 % (PLEASE ANSWER IT ASAP FOR AN UPVOTE. I REALLY NEED IT NOW. 2. Jake deposits 1200 pesos at the end of each year into an ordinary annuity that pays 6% at the beginning of each year. What is the future value of the account at the end of 5 years?