Greg buysa 20 year increasing annuity inmediate with annual payments. The first payment is 110 and each eucceeding payment is equal to the previous payment plus X. The annuity is priced at 2.000 based on an annual effective interest rate of 10% A C 1664 1745 19.19 21.00 22.48
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- Don purchases a 20-year annuity-immediate evaluated at an annual effective rate of 5.5%. The first payment will be made at the end of year six in the amount of 2,000. The subsequent payments increase by 100 each year. Calculate the present value of the annuity at purchasing.Matt will receive an annuity of $11,850.75 a year for nine years. The first payment is to be received six years from today. At a 4.34% discount rate, this annuity’s worth today is closest to A. $86,007.68. B. $80,158.41. C. $73,204.97. D. $70,160.02.Ethan deposits $750 at the end of every month for 3 years and 1 months in a retirement fund at 3.86% compounded quarterly. a. What type of annuity is this? o Ordinary simple annuity o Ordinary general annuity O Simple annuity due O General annuity due b. How many payments are there in this annuity?
- A ten-year annuity has an interest rate of 12% with individual cash flows of $150 at every end of the year. What is the present value of the annuity? Select one: a. $ 56.50 b. $ 756.78 c. $ 48.30 d. $ 847.53Mr. Said purchases an ordinary annuity paying 6 % quarterly for 8 years. Find the future value of the annuity if the payment is OMR 2928. 359641.97 119135.31 220203.26 28979.79 59019.35Sean deposits $300 at the end of every month for 1 years and 6 months in a retirement fund at 4.04% compounded semi-annually. a. What type of annuity is this? O Ordinary simple annuity Ordinary general annuity O Simple annuity due O General annuity due b. How many payments are there in this annuity?
- Lidia deposits $700 at the END of each year for 8 years in a savings account. The account pays 12% interest, compounded annually. Lidia calculates that the future value of the ordinary annuity is $8,609.79. What would be the future value if deposits are made at the BEGINNING of each period rather than the END? A. $7,062.31 B. $8,609.79 C. $9,642.96 D. $10,342.96Danielle receives $7,500 at the end of every quarter for 5 years for money that she loaned to a friend at 3.08% compounded quarterly. a. What type of annuity is this? a.Ordinary simple annuity b.Ordinary general annuity c.Simple annuity due d.General annuity due b. How many payments are there in this annuity? Round up to the next paymentDelia purchases an annuity that will pay her $10,000 per year for the next 10 years starting next year. Assuming a rate of 6%, what is the value of the annuity. Choose the closest. a) $106,000 b) $131,808 c) $159,374 d) $171,569
- Paola purchases a 10 year annuity immediate with an annual effective rate of interest of 7.0718% and annual payments of 10x. Kurt purchases a 10 year decreasing annuity immediate with annual payments and an effective rate of interest of 7.0718%. His first payment is $50 and subsequent payments are reduced by an amount equal to X. Both annuities have the same present value. Calculate X.You purchase a $10, 000 annuity with payments at the end of each year for 30 years and an effective interest rate i = .04. The annuity pays $500 at the end of each year and an additional $X at the beginning of years 6 through 12. Find X.An annuity in perpetuity with effective annual interest rate i > 0 has present value $1, 000. Find i if the annuity pays $52.50 at the end of every 6 month period, with the first payment at the the end of year. please hand written solution thanku