Future value of an ordinary annuity. Fill in the missing future values in the following table for an ordinary annuity. Number of Payments or Years Annual Interest Rate Present Value Annuity Future Value 10 9% 0 $286.87 ? 18 16% 0 $1,397.76 ? 30 2.5% 0 $721.92 ? 280 1% 0 $553.71 ? Number of Payments or Years Annual Interest Rate Present Value Annuity Future Value 10 9% 0 $286.87 $nothing (Round to the nearest cent.) 18 16% 0 $1,397.76 $nothing (Round to the nearest cent.) 30 2.5% 0 $721.92 $nothing (Round to the nearest cent.) 280 1% 0 $553.71 $nothing (Round to the nearest cent.)
Future value of an ordinary annuity. Fill in the missing future values in the following table for an ordinary annuity. Number of Payments or Years Annual Interest Rate Present Value Annuity Future Value 10 9% 0 $286.87 ? 18 16% 0 $1,397.76 ? 30 2.5% 0 $721.92 ? 280 1% 0 $553.71 ? Number of Payments or Years Annual Interest Rate Present Value Annuity Future Value 10 9% 0 $286.87 $nothing (Round to the nearest cent.) 18 16% 0 $1,397.76 $nothing (Round to the nearest cent.) 30 2.5% 0 $721.92 $nothing (Round to the nearest cent.) 280 1% 0 $553.71 $nothing (Round to the nearest cent.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
|
Number of
Payments or
Years
|
Annual
Interest Rate
|
|
Annuity
|
Future Value
|
|
|||
|
10
|
|
9%
|
|
0
|
|
$286.87
|
|
?
|
|
18
|
|
16%
|
|
0
|
|
$1,397.76
|
|
?
|
|
30
|
|
2.5%
|
|
0
|
|
$721.92
|
|
?
|
|
280
|
|
1%
|
|
0
|
|
$553.71
|
|
?
|
|
Number of
Payments or
Years
|
Annual
Interest Rate
|
Present Value
|
Annuity
|
Future Value
|
||||
|
10
|
|
9%
|
|
0
|
|
$286.87
|
|
$nothing
(Round to the nearest cent.) |
|
18
|
|
16%
|
|
0
|
|
$1,397.76
|
|
$nothing
(Round to the nearest cent.) |
|
30
|
|
2.5%
|
|
0
|
|
$721.92
|
|
$nothing
(Round to the nearest cent.) |
|
280
|
|
1%
|
|
0
|
|
$553.71
|
|
$nothing
(Round to the nearest cent.) |
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