If money can earn 5.1% compounded monthly, how much more money is required to fund an ordinary annuity paying $250 per month for 30 years than to fund the same monthly payment for 20 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) $ more is required
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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 annuityIf you start making $60 monthly contributions today and continue them for five years, what's their future value if the compounding rate is 10.25 percent APR? What is the present value of this annuity? Note: Do not round intermediate calculations and round your final answers to 2 decimal places.How much more money is required to fund an ordinary perpetuity than a 25-year ordinary annuity if both pay $5.400 quarterly and money can earn 6% compounded quarterly? (Do not round Intemedlate calculations and round your final answer to 2 decimal places.) 24 more money is required
- An ordinary annuity paying P1,811 at the end of each year for 15 years, is to be converted to an annuity paying an amount at the beginning of each month for 15 years. Money is worth 10% compounded annually. Determine the following: a.) Present Value of the Payment. b.) Amount being paid at the beginning of each month for 15 years. Note: Don't use excel. Use or draw some cashflows.If you start making $130 monthly contributions today and continue them for five years, what's their future value if the compounding rate is 9.25 percent APR? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value annuity What is the present value of this annuity? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value annuity Warszal WIDE SES MA perpetuity is to pay $21,000 at the end of every six months. How much less money is required to fund the perpetuity if the money can be invested to earn 4% compounded semiannually instead of 3% compounded semiannually? (Do not round Itermedlate calculations.) %24 less money is required
- What is the present value of a 3-year annuity of $180 if the discount rate is 7%? . What is the present value of the annuity in (a) if you have to wait an additional year for the first payment? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)What is the present value of a 3-year annuity of $120 if the discount rate is 7%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) What is the present value of the annuity in (a) if you have to wait an additional year for the first payment? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)A company wants to have $50,000 at the beginning of each 6-month period for the next 4 1/2 years. If an annuity is set up for this purpose, how much must be invested now if the annuity earns 6.29%, compounded semiannually? (a) Decide whether the problem relates to an ordinary annuity or an annuity due. ordinary annuityannuity due (b) Solve the problem. (Round your answer to the nearest cent.) $
- Compute the present value of a perpetuity that pays $6,744 annually given a required rate of return of 9 percent per annum. Round your answer to 2 decimal places; record your answer without commas and without a dollar sign. Answer Question 4 Assume that you deposit $3,956 each year for the next 15 years into an account that pays 20 percent per annum. The first deposit will occur one year from today (that is, at t = 1) and the last deposit will occur 15 years from today (that is, at t = 15). How much money will be in the account 15 years from today? Round your answer to 2 decimal places; record your answer without commas and without a dollar sign.Find the future value of each annuity due. Then determine how much of this value is from contributions and how much is from interest. Payments of $1000 made at the beginning of each semiannual period for 7 years at 8.49 % compounded semiannually The future value of the annuity due is $. (Do not round until the final answer. Then round to the nearest cent as needed.) The amount from contributions is $ The amount from interest is $ (Do not round until the final answer. Then round to the nearest cent as needed.)What's the present value of a $890 annuity payment over six years if interest rates are 10 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value