Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $2,200 is deposited quarterly for 20 years at 3% per year FV = $

Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $2,200 is deposited quarterly for 20 years at 3% per year FV = $

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Related questions

Q: In the following ordinary annuity, the interest is compounded with each payment, and the payment is…

A: Monthly deposit can be calculated using PMT function in excel. PMT(rate, nper, pv, [fv], [type])…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

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

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: Present Value of annuity refers to the present value of all the future payments of and series of…

Q: Find the amount accumulated FV in the given annuity account. HINT [See Quick Example 1 and Example…

A: To calculate the future value of annuity account we will use the below formula Future value =…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

A: The PMT function or concept can be used to determine the periodic payments required to accumulate a…

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

A: Annuity: It is the series of equal & uniform payments that is paid or received in the future.

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Directions: Complete the table by computing the future value and present value of an ordinary…

A: “Since you have asked multiple question, we will solve the first question (activity 1.1) and 2…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

A: An Annuity is a continuous flow of systematic timely cash flows made or received for a stipulated…

Q: ind the amount accumulated FV in the given annuity account.

A: find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…

Q: Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…

A: Information Provided: Monthly deposits = $400 Term = 10 years Interest rate = 3%

Q: Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…

A: Future value of of annuity at end of year payments (ordinary annuity) formula is: r is APR of…

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: Here, The amount of deposit is P. The annuity payment is A. The interest rate is r. The maturity…

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

A: Given: Future value = $400,000 Interest rate = 6% Years = 18

Q: Find the future value of an annuity due

A: Future value i.e. FV of an annuity due shows the worth of total amount of regular payments made at…

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

A: Working note:

Q: Find i (the rate per period) and n (the number of periods) for the following annuity. Quarterly…

A: Solution:- An equal amount deposited every period is known as annuity. Now, in annuity, rate per…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

A: An Annuity is a continuous flow of systematic timely cash flows made or received for a stipulated…

Q: Find the amount of an annuity that consists of twenty-five annual payments of $800 each into an…

A: Annuity refers to the periodic payments that a financial contract or deposit promises to pay on a…

Q: . .. Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…

A: An Annuity is a continuous flow of systematic timely cash flows made or received for a stipulated…

Q: Find i (the rate per period) and n (the number of periods) for the following annuity. Semiannual…

A: Given no. of years 6 and rate as 7.7% compounded semiannually.

Q: ind the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…

A: Using excel FV function

Q: Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…

A: FV of annuity = P * [ (1+r)^n - 1 ] /r Where, P = Periodic payment i.e. $1700 n = no. of…

Q: Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…

A: Future value of ordinary annuity formula is: C is periodic deposits r is periodic interest rate n…

Q: Find the amount accumulated FV in the given annuity account. HINT [See Quick Example 1 and Example…

A: in this we have to find future value FACTOR and find future value of deposit.

Q: Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…

A: There are two types of annuities, i.e., ordinary annuity and annuity due. An ordinary annuity is a…

Q: the periodic paymer necessary tő accumu the given amount in an annuity account. (Assume…

A: We use PMT function in excel to calculate monthly payments

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: Find the payment made by the ordinary annuity with the given present value. $216,967; quarterly…

Q: Find the periodic payments PMT necessary to accomulate the given account in an annuity account.…

A: The annuity in which fixed amounts are paid at the end of each period is known as an ordinary…

Q: 1) Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…

A: Future Value: The worth of the current asset at a future date in which computation is based on the…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

A: A study that proves that the 1value of money today is higher than the future value of money is term…

Q: Find the amount that should be invested now to accumulate the following amount, if the money is…

Q: Find the amount accumulated FV in the given annuity account. (Assume end- of-period deposits and…

A: Time value of money analyses the value of a unit of money at various times. We can say that a…

Q: Find the amount accumulated FV in the given annuity account. HINT [See Quick Example 1 and Example…

A: The value of current payment or upcoming flow of payments at any future date when flow of payment…

Q: ind the amount acCumulated AV in the given annuity account. (Assume end-of-period deposits and…

A: Monthly deposits =$500 Interest =4% Monthly interest = 0.04/12 =0.33% Time =11 years Monthly period…

Q: Find the amount accumulated FV in the given annuity account. HINT [See Quick Example 1 and Example…

A: We use Fv function in excel to find future value

Q: A thirty-year annuity has end-of-month payments. The first year the payments are each $120. In…

A: “Since you have posted multiple questions, we will solve first question for you. If you want any…

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: For calculating the future value of annuity, following formula shall be used: = Amount of deposit *…

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

A: 1) Solved using Financial Calculator PV = +/- 200,000 FV = 10,000 I/Y = 4/12 = 0.33 N = 16*12 = 192…

Q: Recently, More Money 4U offered an annuity that pays 5.4 % compounded monthly. If $1,634 is…

A: Computation of future value and interest earned:

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: Future value of annuity is the total amount of periodic series of deposits at a specified time in…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

A: Information Provided: Future value = $80,000 Interest = 3% Term = 20 years Payments = Quarterly

Q: Find the future value of each annuity due. Then determine how much of this value is from…

A: Annuity Due occurs when stream of payments starts from current date and because of which, each…

Q: Calculate the present value of the following annuities, assuming each annuity payment is made at the…

A: Net present value is defined as the discounted cash flow technique which applies to weight the items…

Question

Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the
nearest cent.)
$2,200 is deposited quarterly for 20 years at 3% per year
FV = $
Need Help?
Read It
Watch It
Submit Answer

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $200 is deposited monthly for 10 years at 6% per year in an account containing $9,000 at the start FV = $ 49150 Need Help? Read It Watch It Submit Answer
Find the amount accumulated FV in the given annuity account. (Assume end- of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $300 is deposited monthly for 10 years at 5% per year in an account containing $9,000 at the start FV = $ Need Help? Read It Watch It
Find the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $200,000 at 6%, paid out monthly for 11 years PMT = $ Need Help? Read It Watch It
Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded vwith the same frequency as the deposits. (Round your answer to the nearest cent.) Amount of Deposit Frequency Rate Time $100 monthly 6 yr Need Help? Read it Master Talk toa Tutor Watch t
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.) $150 is deposited monthly for 16 years at 3% per year FV = $
Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) Amount of Deposit Frequency Rate Time m n annually 1% 30 уг $800 Need Help? Read It %24
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.) $130 deposited monthly for 20 years at 3% per year in an account containing $18,000 at the start
Find the value of the annuity at the end of the indicated number of years, Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) Amount of Deposit Frequency Rate Time in $100 monthly 5% 8 yr Need Help? Read It Watch It Master It
Find the periodic withdrawals PMT for the given annuity account. HINT [See Quick Example 4.] (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) PMT= $ $200,000 at 5%, paid out quarterly for 14 years X Need Help? Read It
Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) $ Need Help? Submit Answer Amount of Deposit m $1,250 Read It Frequency n quarterly Rate r 7% Time t 25 yr
Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest ten dollars.) $200 deposited monthly for 15 years at 4% per year FV = $
Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) $ Need Help? Submit Answer Amount of Deposit m $250 Read It Frequency n semiannually Rate Time r t 3% 20 yr

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS