Find the future value of an annuity when the payment is P13,750 quarterly, the interest is 6.5% compounded quarterly, and the term is 6 years. b) Find the interest earned.
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a) Find the
b) Find the interest earned.
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- 4. a.) What is the future value of an annuity due with an annual payment of $1,500 for four years at 3% annual interest? b.) Find the total investment and c.) the total interest earned.Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period. $168, 000; monthly payments for 5 years; interest rate 3% .Find the future value of an ordinary annuity of $700 paid at the end of each year for 6 years, if interest is earned at a rate of 5%, compounded annual. What is the future value?
- 3. By using the calculate the future value of a 5 - year ordinary annuity , if the annual interest is 6% and the annual instalment payment ( PMT ) is OMR 5,000Find the present value of a 5-year annuity due if the annual payments are $600 and the interest rate is 11%. What is the difference between the present value of the annuity and the present value of the ordinary 5-year annuity?a. Calculate the annual cash flows ( annuity payments) from a fixed- payment annuity if the present value of the 20-year annuity is $1.4 million and the annuity earns a guaranteed annual return of 10 percent. The payments are to begin at the end of the current year. b. Calculate the annual cash flows (annuity payments) from a fixed - payment annuity if the present value of the 20-year annuity is $1.4 million and the annuity earns a guaranteed annual return of 10 percent. The payments are to begin at the end of six years.
- (a) What is the present value of an ordinary annuity of $405 per month for 4 years at 6% interest compounded monthly? (b) What is the present value of this investment if it is an annuity due?Calculate the present value of an annuity due given the following information: number of periods 3, interest rate of 6%, and a payment of $200.Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period. 7) $8000; quarterly payments for 8 years; interest rate 4.1%.
- Find the future value of an annuity due with an annual payment of $9,000 for two years at 7.5% annual interest using the simple interest formula. Find the total amount invested. Find the interest. What is the future value of the annuity? (Round to the nearest cent as needed.)Find the future value of an annuity due with an annual payment of $13,000 for three years at 4% annual interest using the simple interest formula. How much was invested? How much interest was earned?Find the future value of a 6-year annuity due with payments of $2,050 and an annual compound interest rate of 7.3%. The future value is $ (Round to the nearest cent.)