The future value of an ordinary annuity of $2,000 each year for 10 years, deposited at 12%, is:
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- The future value of an ordinary annuity of $2,000 each year for 10 years, deposited at 12%, is:
- $35,098 $39,310
- $20,000 $11,300
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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 annuityAmount of an Annuity John Goodheart wishes to provide for 6 annual withdrawals of 3,000 each beginning January 1, 2029. He wishes to make 10 annual deposits beginning January 1, 2019, with the last deposit to be made on January 1, 2028. Required: If the fund earns interest compounded annually at 10%, how much is each of the 10 deposits?If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?
- The future value of an ordinary annuity of $1,000 each year for 10 years, deposited at 3 percent, isWhat is the present worth of a perpetual annuity of $2,000 each payable at the end of each year? Assume money is worth 10% compound quartWhat is the future value of an annual annuity of $10,400 invested at the beginning of each year for 6 years earning an interest rate of 15%, compounded annually? Group of answer choices $107,312 $91,039 $104,695 $115,164
- The future value of regular annuity of $2,000 per year for 20 years is $73,888.32. What interest rate is implied? a) 4.79% b) 5.48% c) 9.44% d) 6.04% e) 8.24%The present value of an ordinary annuity of $350 each year for five years, assuming an interest rate of 4%, is: $288 $1,558 $1,896 $1,750What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $3,000 at the end of Year 4 if the interest rate is 5%? $8,509 $8,957 $9,428 $9,924 $10,446
- How much more is a perpetuity of $1,500 worth than an annuity of the same amount for 20 years? Assume an interest rate of 10% and cash flows at the end of each period. O $2,229.65 O $1,486.44 O $1,635.08 $2,000.00What is the present worth of a perpetual annuity of $2,000 each payable at the end of each year? Assume money is worth 10% compound quartterlyDetermine the present value of an ordinary annuity paid annually for 25 years if payments are 1.200$ per year for the first 7 years, 5.500$ for the following 8 years and 2.500$ in the final 10 years. Interest is j12 = 6% throughout the entire period.