Find the present value of an ordinary annuity with payments of $18,579 quarterly for 7 years at 8.4% compounded quarterly. What is the present value? (Round to the nearest cent.)
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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 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 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.)Find the present value of an ordinary annuity with deposits of $14,531 every 6 months for 3 years at 6.8% compounded semiannually. What is the present value? (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 = $600, 7% interest compounded monthly for 6 years What is the future value of the ordinary annuity? $ (Round to the nearest dollar as needed.)
- Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $1000/semiannual period for 8 years at 3.5%/year compounded semiannually.Find the future value of the following ordinary annuities. Payments are made and interest is compounded as given. R = $9000, 5% interest compounded annually for 15 years What is the future value of the ordinary annuity? $ (Round to the nearest cent.)Find the payment made by the ordinary annuity with the given present value. $82,087, monthly payments for 30 years. Intrest rate is 4% compounded monthly. The payment is $ ? Please simplify your answer. Round to nearest cent as needed
- Find the present value of an ordinary annuity which has payments of $2300 per year for 19 years at 7% compounded annually. The present value is $ (Round to the nearest cent)Find the payment made by the ordinary annuity with the given present value. $76,790; monthly payments for 30 years; interest rate is 5.6%, compounded monthly The payment is $ (Simplify your answer. Round to the nearest cent as needed.)Find the future value of the following ordinary annuities. Payments are made and interest is compounded as given. R = $4000, 7% interest compounded annually for 5 What is the future value of the ordinary annuity? $ (Round to the nearest cent.) years