ou 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?  PROVIDE THE FOLLOWING FOR EACH PROBLEM N= I= PV= PMT= FV= C/Y= P/Y =

Find the PV of an ordinary annuity that pays $1,000 each of the next 6 years if the interest rate is 16%. Then find the FV of that same annuity. Round your answers to the nearest cent.   PV of ordinary annuity: $ fill in the blank 25 FV of ordinary annuity: $ fill in the blank 26   g. How will the PV and FV of the annuity in part f change if it is an annuity due rather than an ordinary annuity? Round your answers to the nearest cent.   PV of annuity due: $ fill in the blank 27 FV of annuity due: $ fill in the blank 28

What is the future value of an annuity of $10,800 invested every year for the next 11 years starting one year from now at 9.6%?   Answer: $ Blank 1

2. Mr. and Mrs. Rich are interested in purchasing an annuity that will pay them $2,500.00 per month starting next month for 25 years. If the best rate of return that they could get is 4.65% compounded semi-annually, calculate using both the algebraic and the calculator method, a) how much should they pay now for this annuity? P/Y C/Y I/Y PV PMT FV b) Calculate the total interest paid over the term of the annuity. P/Y C/Y N I/Y PV PMT FV

Show Solution. Topic: Perpetuities 5. If money is worth 13% effective, what is the present value of perpetuity of P11,300 if payments are made at the end of each year?

please show all work and state answer clearly

If the present value of an ordinary, 6-year annuity is $8,800 and interest rates are 9.5 percent, what’s the present value of the same annuity due? (Round your answer to 2 decimal places.) PV = $_______.__

What is the monthly payment for a home costing $475,000 with a 20% down payment and the balance financed for 30 years at 6.5%? (a) State the type. A. present valueB. future value    C.ordinary annuityD.amortizationEsinking fund (b) Answer the question. (Round your answer to the nearest cent.)

You are offered an annuity that will pay $14,000 per year for 13 years (the first payment will be made today). If you feel that the appropriate discount rate is 8%, what is the annuity worth to you today? $110,652.86 $300,934.15 $119.505.09 $325,008.88 $242,876.85 4.0

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