Estimating the annual interest rate with an ordinary annuity. Fill in the missing annual interest rates in the following table for an ordinary annuity stream. Number of Payments or Years Annual Interest Rate Future Value Annuity Present Value 10 ? $0.00 $600.00 $2,386.09 18 ? $13,278.73 $354.57 $0.00 40 ? $0.00 $1,872.79 $40,000.00 60 ? $266,564.09 $500.00 $0.00
Estimating the annual interest rate with an ordinary annuity. Fill in the missing annual interest rates in the following table for an ordinary annuity stream. Number of Payments or Years Annual Interest Rate Future Value Annuity Present Value 10 ? $0.00 $600.00 $2,386.09 18 ? $13,278.73 $354.57 $0.00 40 ? $0.00 $1,872.79 $40,000.00 60 ? $266,564.09 $500.00 $0.00
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 20E
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Question
Estimating the annual interest rate with an ordinary
annuity .
Fill in the missing annual interest rates in the following table for an ordinary annuity stream.
|
Number of
Payments or
Years
|
Annual
Interest Rate
|
|
Annuity
|
Present Value
|
|
|||
|
10
|
|
?
|
$0.00
|
|
$600.00
|
|
$2,386.09
|
|
|
18
|
|
?
|
$13,278.73
|
|
$354.57
|
|
$0.00
|
|
|
40
|
|
?
|
$0.00
|
|
$1,872.79
|
|
$40,000.00
|
|
|
60
|
|
?
|
$266,564.09
|
|
$500.00
|
|
$0.00
|
|
|
Number of
Payments or
Years
|
Annual
Interest Rate
|
Future Value
|
Annuity
|
Present Value
|
||||
|
10
|
|
nothing%
(Round to two decimal places.) |
$0.00
|
|
$600.00
|
|
$2,386.09
|
|
|
18
|
|
nothing%
(Round to two decimal places.) |
$13,278.73
|
|
$354.57
|
|
$0.00
|
|
|
40
|
|
nothing%
(Round to two decimal places.) |
$0.00
|
|
$1,872.79
|
|
$40,000.00
|
|
|
60
|
|
nothing%
(Round to two decimal places.) |
$266,564.09
|
|
$500.00
|
|
$0.00
|
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