Carla Vista Company is considering investing in an annuity contract that will return $34,500 annually at the end of each year for 15 years. Click here to view the factor table. What amount should Carla Vista Company pay for this investment if it earns an 8% return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided, Round answer to 2 decimal places, e.g.25.25.) Carla Vista Company should pay S
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- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?A company wants to have $20,000 at the beginning of each 6-month period for the next 4years. If an annuity is set up for this purpose, how much must be invested now if the annuity earns 6.31%, compounded semiannually? (a) Decide whether the problem relates to an ordinary annuity or an annuity due. ordinary annuityannuity due (b) Solve the problem. (Round your answer to the nearest cent.)A company wants to have $50,000 at the beginning of each 6-month period for the next 4 1/2 years. If an annuity is set up for this purpose, how much must be invested now if the annuity earns 6.29%, compounded semiannually? (a) Decide whether the problem relates to an ordinary annuity or an annuity due. ordinary annuityannuity due (b) Solve the problem. (Round your answer to the nearest cent.) $
- A company wants to have $30,000 at the beginning of each 6-month period for the next 4 1/2 years. If an annuity is set up for this purpose, how much must be invested now if the annuity earns 6.42%, compounded semiannually? (b) Solve the problem. (Round your answer to the nearest cent.)$ _____Your answer is incorrect. Sheridan Company is considering investing in an annuity contract that will return $33,500 annually at the end of each year for 15 years. Click here to view the factor table. What amount should Sheridan Company pay for this investment if it earns an 10% return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 25.25.) Sheridan Company should pay $ eTextbook and Media Save for Later SUPP Attempts: 2 of 3 used Submit AnswerSuppose you find an annuity that pays 8% annual interest, compounded annually. If you invest in this annuity and contribute $10, 000 annually for 10 years, how much money will be in the annuity after 10 years? Enter your answer rounded to the nearest hundred dollars and omit the dollar sign and comma (For example $122, 570.21 should be input as 122600.) Provide your answer below:
- A company wants to have $20,000 at the beginning of each six month period for the next 4 1/2 years. If an annuity is set up for this purpose, how much must be invested now if the annuity earns 6.04%, compounded semi annually? (a)Decide whether the problem relates to an ordinary annuity or an annuity due. (B)Solve the problem. (round your answer to the nearest sent)A company needs to buy an annuity package that will provide a future income to an individual over a 33-year period at the following levels: £4421 paid at the beginning of each year for the first 13 years followed by £3318 paid at the beginning of each year up until year 33 (inclusive). Calculate in £s, to 2 decimal places, the price of this investment in order to assure the required payments, given that the rate of interest during this period is: 4.0% pa effective for the first 20 years and then 7.1% pa effective thereafter. (correct answer = 71829.14, ONLY formulas, no tables, please)A company needs to buy an annuity package that will provide a future income to an individual over a 33-year period at the following levels: £4421 paid at the beginning of each year for the first 13 years followed by £3318 paid at the beginning of each year up until year 33 (inclusive). Calculate in £s, to 2 decimal places, the price of this investment in order to assure the required payments, given that the rate of interest during this period is: 4.0% pa effective for the first 20 years and then 7.1% pa effective thereafter. (no tables, only formulas, please)
- Compare the two giveņ annuity situations below. What conclusion can you draw from the information, without finding the final balance. Annuity A: Depositing $100 per month in an account earning 6% annually, and making these deposits for 40 years. Annuity B: Depositing $150 per month in an account earning 3% annually, and making these deposits for 25 years.Maybepay Life Insurance Co. is selling a perpetual annuity contract that pays $3300 monthly. The contract currently sells for $336,000. a. What is the monthly retun on this investment vehicle? b. What is the APR? c. What is teh effective annual return?CZ Enterprises borrows $202,775 at an interest rate of 10% today and will repay this amount by making 10 semiannual payments. Payments begin in six months. What is the amount of the payments that CZ will need to make? (Use the present value and future value tables, a financial calculator, a spreadsheet or the formula method for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round your final answer to the nearest cent, $X.XX.) CZ will need to make payments of $ 26,260.31.
