Find the future value of the given annuity. (Round your answer to the nearest cent.) ordinary annuity, $130 monthly payment, 5 3 4% interest, one year
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Q: Find the future value (FV) of the annuity due
A: Future value is the value of a asset at a future date based on a certain rate of growth. FV =…
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A: In this we need to calculate the future value of amount using future value formula.
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A: Since rate is 5% simple interest we will not be using the compounding functions.
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A: Given that: Monthly payment = $100 Interest rate = 4.25% Time period = 2 years
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Q: value of the given annu
A: The future value of the annuity can be calculated as follows :
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A: Given; Present value of annual payments : $20,000 Time period (r): 5 years Annuity: $4,800
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A: Solution: Present value of an ordinary annuity is the present value of future annual payments based…
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A: Monthly deposits (M) = $2000 Interest rate (r) = 5% per annum = 0.4167% per month n = 20 years = 240…
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A: Given, N = 30 Years r = 6%
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A: Future value (FV) = $6500 Interest rate (r) = 8.5% Period (n) = 7 Years
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A: Using excel PV function
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
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A: future value of annuity due is a series of payments made at the beginning of each period
Q: Find the future value of an ordinary annuity with a $260 monthly payment at 8 1/4 % interest for 10…
A: An annuity is a kind of deposit payment that an individual makes into an investment account or a…
Q: What is the present value of an annuity that pays $58 per year for 13 years and an additional $1,000…
A: PMT = 58 Period = 13 years Nominal rate of interest = 7.23% Additional amount = 1000
Q: Find the future value of the following ordinary annuity. Payments are made and interest is…
A: Future value of an ordinary annuity The value of the sum of future cash flows is called the future…
Q: Find the future value of the given annuity. (Round your answer to the nearest cent.) annuity due,…
A: The future value (FV) of the annuity is defined as the one value of future recurring payments at a…
Q: Find the future value of the given annuity (Round your answer to the nearest cent.) Ordinary…
A: The concept of the time value of money states that the current worth of money is more than its value…
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A: Future value of ordinary annuity formula is: Future value of ordinary annuity is calculated by…
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A: Given: Future value = $100000 (To compute) Rate = 9.25% Time period = 33 years To compute: We have…
Q: Find the future value (FV) of the annuity due. (Round your answer to the nearest cent.)$185 monthly…
A: RATE (7%/12) 0.5833333% YEARS (12*12) 144 PMT (MONTHLY PAYMENT) 185 PRESENT VALUE $0
Q: Find the future value of the given annuity. (Round your answer to the nearest cent.) Ordinary…
A: Given , Monthly payment is $ 165 Interest 718% Number of…
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A: With the Ordinary annuity or end of year annuity, payments begin at the end of a period.
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A: Here compounding is given quarterly. So, there will be four quarters in a year. Divide rate by 4 to…
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A: Formula used:
Q: Find the future value of the following ordinary annuity. Paym R=$500, 7% interest compounded…
A: Ordinary annuity is annuity which are made at the end of period and future value of annuity includes…
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A:
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityFind the future value of the given annuity (Round your answer to the nearest cent.) Ordinary annuity, $165 monthly payment, 8 and 1/8% interest, for eleven years.Find the future value of the ordinary annuity. (Round your answer to the nearest cent.) $120 monthly payment, 5.25% interest, 1 year $
- Find the future value of the ordinary annuity. (Round your answer to the nearest cent.)$130 monthly payment, 5.25% interest, 2 yearsFind the future value of the given annuity. (Round your answer to the nearest cent.) annuity due, $145 monthly payment, 7-% interest, thirteen years 4Find the future value (FV) of the annuity due. (Round your answer to the nearest cent.)$185 monthly payment, 7% interest, 12 years
- The amount (future value) of an ordinary annuity is given. Find the periodic payment. (Round your final answer to two decimal places.) A = $18,500, and the annuity earns 6% annual interest compounded monthly for 10 years.Find the present value of an ordinary annuity with deposits of $11,055 semiannually for 10 years at 9.2% compounded semiannually. What is the present value? $ (Round to the nearest cent.)Find the future value of the following ordinary annuity. Payments are made and interest is compounded as given. R = $500, 7% interest compounded quarterly for 8 years What is the future value of the ordinary annuity? $ (Round to the nearest dollar as needed.)
- Find the monthly payment that will yield the given future value. (Round your answer to the nearest cent.) $100,000 at 9 1 4 % interest for thirty-three years; ordinary annuityFind 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 the following ordinary annuity. Payments are made and interest is compounded as given. R = $1,000, 5% interest compounded monthly for 6 years What is the future value of the ordinary annuity? (Round to the nearest dollar as needed.)