Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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is this rounded to the nearest cent ?
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- Find the periodic withdrawals PMT for the given annuity account. HINT [See Quick Example 4.1 (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $500,000 at 5%, paid out quarterly for 20 years PMT = $ Need Help? Read Itarrow_forwardUse the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit Rate Time $30 at the end of each month 5% compounded monthly 10 yearsarrow_forwardFind the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of Deposit m Frequency n Rate r Time t $100 quarterly 3% 20 yrarrow_forward
- - a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit Rate $1500 at the end of every three months 5.25% compounded quarterly Click the icon to view some finance formulas. Time 7 years a. The value of the annuity is $. (Do not round until the final answer. Then round to the nearest dollar as needed.) b. The interest is $ (Use the answer from part (a) to find this answer. Round to the nearest dollar as needed.) Timearrow_forwardSee Picarrow_forwardFind the future value of the given annuity. (Round your answer to the nearest cent.) annuity due, $145 monthly payment, 7-% interest, thirteen years 4arrow_forward
- zoom for a better viewarrow_forwardFind the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your ańswer to the nearest cent.) 24 Amount of Deposik Frequency Time Rate $100 monthly 6% 9 yr Need Help? Read It Watch It Master Itarrow_forwardcalculate the future value (in $) of the annuity due. (Round your answer to the nearest cent.) AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Future Valueof the Annuity $80 every month 2 1 2 6 monthly $arrow_forward
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