Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Calculation of future value of annuity:
Answer:
Future value of annuity is $20,724.67
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- Find the value of an investment after four years for a $7000 ordinary annuity at 10% compounded annually.arrow_forwardFind the future value of an annuity due of $400 each quarter for 2 1/2 years at 12%, compounded quarterly. (Round your answer to the nearest cent.)arrow_forwardFind the present value of a perpetuity starting at time 10 paying 100 annually if the interest rate is 12% compounded annually.arrow_forward
- find the present value and the amount of an annuity of $25 payable monthly for 10 years if money worth 2.75% compounded monthly.arrow_forwardFind the future value of a 15-year, $300 per year annuity at 6%.arrow_forwardWhat is the future value of an annuity of 15 deposits of $6407 at the end of each year with a nominal rate of interest of 5%, compounded continuously, in 21 years?arrow_forward
- Calculate the present value of a P20,000 annuity paying yearly for eight years, with the first payment due at the end of the eleventh year, assuming money is worth 5% compounded annually.arrow_forwardFind the accumulated value of a 12-year annuity-immediate of 100 per year if the effective rate of interest is 8% for the first 3 years, 6% for the next 5 years, and 4% for the last 4 years.arrow_forwardFind a future value of an ordinary and annuity 300Paid quarterly for five years, if the interest rate is 12%, compounded quarterly.arrow_forward
- Find the future value of an annuity due of $100 each quarter for 2 1/2 years at 12% compounded quarterlyarrow_forwardFind the monthly payment of the annuity, drawn at the beginning of the month that will yield a future value of $46,000 at 5 7/8% interest for 25 years.arrow_forwardGiven an annuity-immediate of 100 payable semi-annually for 10 years. Find the value after 18 years if the interest rate is 8% compounded semi-annually.arrow_forward
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