Calculate the future value of an ordinary annuity consisting of annually payments of $1,500 for 6 years if the payments earn 9.10% compounded annually for the first 2 years and 9.4 compounded annually for the last 4 years. For full marks your answer(s) should be rounded to the nearest cent

Q: The following terms of payment for an annuity are as follows: Periodic payment = P20,000 Payment…

A: Periodic payment = 20,000 Interest Rate = 18%/12 = 1.5% per month N = 15 years i.e. 180 months…

Q: The payment is $

A: Present value illustrates the current value of a sum of money that will be received or paid in the…

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Q: Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume…

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Q: ind the present value PV of the annuity account necessary to fund the withdrawal given. (Assume…

A: The question is based on the concept of Annuity in Financial Management. Annuity refers to the…

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Q: Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume…

A: An annuity is a financial term that depicts a series of cash flows at equal time intervals for a…

Q: Consider a perpetuity that pays 100 at the end of each year for the first 10 years and 50 at the end…

A: Perpetuity is series of cash flows which happens at a periodic interval till perpetuity

Q: Find the future value of the following annuity due. Payments of $900 for 2 years at 4% compounded…

A: Annuity Due Periodic Payment = 900 N = 2 Nominal Rate of return = 4% Compounding periods = 2

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A: present value of a 15 year annuity with the first payment of $65,000 (all payments are the same…

Q: Find the present value of the ordinary annuity. (Round your answer to the nearest cent.)…

A: The formula to compute present value of an ordinary annuity:

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A: Present value of annuity cash flow = whereA = Periodical cash flow = monthly payment = $8,333.33i =…

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Q: Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume…

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Q: Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume…

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Q: Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume…

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Q: Find the present value PV of the annuity account necessary to fund the withdrawal given

A: Present Value of Annuity: It represents the present worth of the future annuity periodic payments…

Q: annual payments of $1,500 per year, at a disco

A: PV = PMT * [(1 - (1 + r)^(-n)) / r]Where:PV is the present value of the annuityPMT is the amount of…

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A: Ordinary Annuity  N = 3 Annuity Amount = 100 Interest rate = 10%

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Q: Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume…

A: GIVEN, A= $200 n=20 r=2%

Q: Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume…

A: The present value (PV) of an annuity is a financial concept that represents the current worth or…

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Q: Find the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals…

A: PMT refers to payment per period. It is inflow or outflow occurs after a particular time period.

Q: Find the future value of the following annuity due. Payments of $200 for 6 years at 8% compounded…

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A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…