Find the future value of the following ordinary annuities. Payments are made and interest is compounded as given. R = $4000, 10% interest compounded annually for 20 years What is the future value of the ordinary annuity? (Round to the nearest cent.)

Q: Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $130/month…

A: Annuity payment = $130No of years = 11 years or 11 * 12 = 132 monthsInterest rate = i = 5% per year…

Q: Find the payment that should be used for the annuity due whose future value is given. Assume that…

A: Given,  The future value of annuity due is $15,000 Quarterly payments are made for 12 years Interest…

Q: Find the future value of an annuity due with an annual payment of $14,000 for three years at 4%…

A: Future value of an annuity:  The worth of a sum of money that will be paid on a specified date in…

Q: Use graphical approximation techniques or an equation solver to approximate the desired interest…

A: Nominal rate:The nominal rate, in the realm of finance, refers to the stated or advertised interest…

Q: What is the present value of an annuity that pays $58 per year for 13 years and an additional $1,000…

A: We can make use of the financial calculator to obtain the present value, PV. Inputs: I/Y = rate =…

Q: Find the future value of a 6-year annuity due with payments of $4,300 and an annually compounded…

A: An annuity is a contract that pays a periodic sum for a predetermined period for a lump-sum amount…

Q: The future value is $ (Round to the nearest cent.)

A: Information Provided: Year of payments = 10 Payments = $33,000 Interest rate = 4%

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

A: Amount of deposit(m): $800 Frequency(n): annually Rate(r): 1% Time(t): 30 years

Q: Find the future value of a 6-year annuity due with payments of $2,050 and an annual compound…

A: The amount that a present investment will gain in value over time when kept in a compound interest…

Q: The present value of an annuity is given. Find the periodic payment. (Round your final answer to two…

A: Present value of annuity = Payment,*1/r[1-(1/(1+r)^n]] Where r= 7.3%/4 = 1.825% n= 4 quarters*20…

Q: Find the future value of a 10-year annuity due with payments of $2,250 and an annually compounded…

A: The amount that a present investment will gain in value over time when kept in a compound interest…

Q: The compounding periods and the payment periods are the same for an annuity and for an amortization.…

A: Present value of annuity is the current value of the future payments that are calculated using the…

Q: Find the future value of the annuity due. Payments of $600 per quarter for 6 years at 6% compounded…

A: STEP 1 Annuity Due An approach to determine how much money a series of payments will be worth at…

Q: Find the future value of a 15-year annuity due with payments of $2,700 and an annual compound…

A: To Find: Future Value

Q: Find the future value of the annuity due. Payments of $700 per quarter for 6 years at 5% compounded…

A: Annuity refers to a periodic stream of cash flow occurring in each period (be it a month or a…

Q: Find the future value of a 12-year annuity due with payments of $3,000 and an annually compounded…

A: The future value of an annuity due is the value of a series of equal payments made at the beginning…

Q: Find the future and present value of a 5 year GHC 1,000.00 annuity if the rate of interest is 12%…

A: FV of Ordinary Annuity= PMT[(1+i)n-1/i] = 1000[(1+0.12)5-1/ 0.12] = 1000[1.7623-1/0.12] =…

Q: Find the future value for the ordinary annuity with the given payment and interest rate. PMT =…

A: PMT = $2000 r = 1.1% per annum = 0.09167% per month n = 6 years = 72 months

Q: Find the future value of a 6-year annuity due with payments of $1,400 and an annually compounded…

A: The future value represents the value of an investment in the future after considering the effect of…

Q: value of the given annu

A: The future value of the annuity can be calculated as follows :

Q: he present value of an annuity is given. Find the periodic payment. (Round your final answer to two…

A: Present value of annuity is the current value of the future payments that are calculated using the…

Q: difference between the sums of an annuity due and an ordinary annuity

A: Annuity due means where payments are made at the beginning of each period.  Ordinary annuity means…

Q: Find the future value of a 15-year annuity due with payments of $2,350 and an annual compound…

A: Future value refers to the accumulated sum based on a current deposit. If deposits are made…

Q: Find the future value of the ordinary annuity. Interest is compounded annually, unless otherwise…

A: As per the time value of money concept Value of the today's money is more important than the money…

Q: What is the future value of a 6%, 10-year ordinary annuity that pays $200 each year?  If this were…

A: The future value of annuity is calculated using the formula below:

Q: Find the future value of the following ordinary annuities. Payments are made and interest is…

A: Future value refers to an amount of the current asset at some future date affected by interest…

Q: What is the present value of a 15 year annuity with the first payment of $65,000 (all payments are…

A: present value of a 15 year annuity with the first payment of $65,000 (all payments are the same…

Q: Find the future value of the given annuity. (Round your answer to the nearest cent.) ordinary…

A: Future value of annuity = P * [ (1+r)^n  - 1 ] /r  Where,  P= annuity amount r =rate of interest per…

Q: Find the future value of the ordinary annuity. Interest is compounded annually. R=8000; i=0.07; n=15…

A: Future value of ordinary annuity = P x [(1 + i)^n - 1]i   where, P = Annuity amount i = rate of…

Q: Find the future value of the annuity due. Payments of $500 per quarter for 3 years at 7% compounded…

A: FV = Future value? C = Quarterly cash flow i.e. $500 r = Quarterly Interest rate i.e. 0.0175 (0.07 /…

Q: Find the future value of a 6-year annuity due with payments of $1,800 and an annually compounded…

A: Annuity due is a type of annuity in which the payments will be accruing at the beginning of the…

Q: Find the future value of an annuity of $1400 paid at the end of each year for 15 years, if interest…

A: Time value of money :— According to this concept, value of money in present day is greater than the…

Q: Find the value of the ordinary annuity at the end of the indicated time period. The payment R,…

A: The ordinary annuity means a series of equal payments made at regular intervals at the end of the…

Q: Find the payment that should be used for the annuity due whose future value is given. Assume that…

A: Given Amount = $22,000 Time = 11 years  Interest rate =8.6%

Q: Find the future value of the ordinary annuity. (Round your answer to the nearest cent.)$130 monthly…

A: RATE (5.25%/12) 0.4375% YEARS /PERIOD (2*12) 24 PMT (MONTHLY PAYMENT) 130 PRESENT VALUE $0

Q: A perpetuity will make a sequence of annual payments of 2800, 3000, 3200, ..., with the first…

A: A perpetuity is a type of annuity. To be more specific a perpetuity is that annuity that goes on…

Q: The present value of an annuity is given. Find the periodic payment. (Round your final answer to two…

A: Present value of annuity is the current value of the future payments that are calculated using the…

Types of Insurance Contract

Insurance is a contract wherein an individual or entity gets financial protection from the insurance company for any damages or losses incurred. The individual or entity is called the insured, whereas the insurance company is called the insurer. The insured and the insurer enter a legal contract for a fixed term called the insurance term, and the contract is called an insurance policy.