LuAnn Bean will receive $7,000 in 7 years. What is the present value at 7% compounded annually?
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- LuAnn Bean will receive $7,000 in 7 years. What is the present value at 7% compounded annually?
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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 annuityTran Lee plans to set aside $1, 800 a year for the next six years, earning 4 percent. What would be the future value of this savings amount?Lee wants to receive $18,000 each year for the next 20 years. Assume a 4% rate compounded annually. How much must Lee invest today?
- Roy is going to receive a payment of $5,000 one year from today. He earns an average of 6% on his investments. What is the present value of this payment?Jami Minard wants to receive an annuity of $8,000 at the beginning of each year for the next 10 years. How much (in $) should be deposited now at 7% compounded annually to accomplish this goal?Pedro Gonzalez will invest $5,000 at the end of each year for the next 9 years. The interest rate is 8 percent. What is the future value?
- You are earning an average of $46,500 and will retire in 10 years. If you put 20% of your gross average income in an ordinary annuity compounded at 7% annually, what will be the value of the annuity when you retire?You will receive a $80,000 inheritance in 5 years. You could invest that money today at 7% compounded semi-annually. What is the present value of yourinheritance?Abe Washington sold some property in Oregon and will receive $40,000 in 5 equal payments of $8,000 at the end of each year from today. What is the present value of these future payments at an interest rate of 9% compounded annually? Round answer to the nearest dollar.
- 4. Mr. Thomas will receive $8,500 a year for the next 15 years from her trust. If a 7 percent interest rate is applied, what is the current value of the future payments if first receipt occurs today?You are scheduled to receive $27,000 in two years. When you receive it, you will invest it for 7 more years at 5 percent per year. How much will you have in 9 years?You are going to receive a payment at the end of each year for the next 12 years. If you invest each of those amounts at 12%, then what amount of money will you need to receive each year in order to have $1,930.65 at the end of the 12" year? th