Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- a. b. C. Annuity Annual Payment Rate $ 124,000 124,000 124,000 Interest Compounded 8% Annually 10% Annually 12% Annually Period Invested 6 years 6 years 6 years Present Value of Annuityarrow_forwardnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Present Valueof the Annuity $800 every month 2 1/4 1 4 6 monthlyarrow_forwardLepp Complete present value of an ordinary annuity: Note: Round your answer to the nearest cent. Amount of Annuity Expected $ 16,000 Payment Payable Years Quarterly 2 Interest Rate earned 12% Present valuearrow_forward
- he future value of an ordinary annuity with $200 annual deposits into an account paying 6% interest over the next 10 years will be a. $1,987.56 b. $2,636.16 c. $2,794.37 d. $2,120arrow_forwardCalculate future value of annuity due Annuity payment- $80 Payment frequency - every month Time period - 1 1/2 years 6% interest compounded monthlyarrow_forwardFind the term of the ordinary annuity in years and months (from 0 to 11 months). Payment Interval 6 months Future Value Periodic Rent $7928 $349 The term is year(s) and month(s). Interest Rate 5% Conversion Period semi-annuallyarrow_forward
- 3.4arrow_forwardFrom Ordinary Annuities; Calculate parts A, B & C assuming they are Annuities Due. A.$600 per year for 12 years at 8% B.$300 per year for 6 years at 4% C.$500 per year for 6 years at 0%arrow_forwardPresent value (in $) of an annuity due Nominal Annuity Payment Time Present Value Payment Frequency Interest Period (years) Rate (%) Compounded of the Annuity $1,300 every year 5.7 annuallyarrow_forward
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