Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Present value (amount needed now to invest to receive annuity) Amount of Payment Time Interest rate annuity expected %24 860 Annually 5 years 7 %

Find the future value of an annuity due with an annual payment of $14,000 for three years at 3% annual interest using the simple interest formula. How much was invested? How much interest was earned? What is the future value of the annuity? $ 44,570.78 (Round to the nearest cent as needed.) How much was invested? $ 42000 How much interest was earned? $2.570.78 (Round to the nearest cent as needed.)

Subject :- Accounting

Use Table 12-2 to calculate the present value (in $) of the annuity due. (Enter a number. Round your answer to the nearest cent.) Annuity Payment Payment Frequency Time Nominal Interest Period (years) Rate (%) Compounded Present Value of the Annuity $300 every month (2 1/4) 6 monthly $ Need Help? Read It

Future value of an ordinary annuity. Fill in the missing future values in the following table for an ordinary annuity: Number of Payments or Years 5 16 Annual Interest Rate 8% 18% Data table 5 16 25 340 Present Value (Click on the following icon Number of Payments or Years Annual Interest Rate 8% 18% 4% 0.9% 0 0 Annuity $282.81 $1,331.99 in order to copy its contents into a spreadsheet.) 0 0 0 0 Present Value Annuity $282.81 $1,331.99 $726.91 $460.85 Future Value $1,659.13 (Round to the nearest cent.) (Round to the nearest cent.) Future Value ? ? ? ? X

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Suppose the interest rate is 6.9 APR with monthly compounding. What is the present value of an annuity that pays $110 every three months for five ​years? ​(Note: Be careful not to round any intermediate steps less than six decimal​ places.) Question content area bottom Part 1 The present value of the annuity is ​$    enter your response here.  ​(Round to the nearest​ cent.)

Find the amount accumulated FV in the given annuity account. HINT [See Quick Example 1 and Example 1.] (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $2,300 is deposited quarterly for 10 years at 7% per year FV = $

Solve by using formulas. (Round your answer to the nearest cent.) Ordinary Annuity AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Future Valueof the Annuity (in $) $5,000 every 6 months 9 9.0 semiannually $