Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:Find the future value of a 6-year annuity due with payments of $1,400 and an annually compounded interest rate of
6%.
The future value is $
(Round to the nearest cent.)
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- Find the present value of an ordinary annuity with payments of $90,000.00 paid annually for 25 years at 4% per year compounded annually. (Round your answer to the nearest cent.)arrow_forwardFind the present value of an ordinary annuity which has payments of $1800 per year for 11 years at 9% compounded annually. The present value is $ (Round to the nearest cent.)arrow_forwardFind the future value of the annuity due. Payments of $200 per quarter for 2 years at 6% compounded quarterly What is the future value of the annuity due? (Round to the nearest cent as needed.)arrow_forward
- Find the future value of a 3-year, $300 per year annuity at 6%.arrow_forwardFind the present value of an ordinary annuity with deposits of $22,682 quarterly for 5 years at 5.6% compounded quarterly. What is the present value? (Round to the nearest cent.)arrow_forwardFind the present value of an annuity with annual payments of $1,100.00 compounded at the end of each year for 8 years after being deferred for 3 years, if money is worth 6.3%, compounded annual. The present value would be $ . (Round to 2 decimal places.)arrow_forward
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