The present value of an annuity is given. Find the periodic payment. (Round your final answer to two decimal places.) Present value = $6000, and the interest rate is 7.3% compounded quarterly for 20 years
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The present value of an
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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 annuityThe present value of an annuity is given. Find the periodic payment. (Round your final answer to two decimal places.) Present value = $13,000, and the interest rate is 6.6% compounded monthly for 8 years.The amount (future value) of an ordinary annuity is given. Find the periodic payment. (Round your final answer to two decimal places.) A = $18,500, and the annuity earns 6% annual interest compounded monthly for 10 years.
- Find the future value of an ordinary annuity of $80 paid at the end of each quarter for 5 years, if interest is earned at a rate of 3%, compounded quarterly. What is the future value?Suppose that $500 is deposited at the end of every quarter for 6 years in an account that pays 8% compounded quarterly. What is the interest rate per period? Find the future value of the annuity.Find the future value of an ordinary annuity of $700 paid at the end of each year for 6 years, if interest is earned at a rate of 5%, compounded annual. What is the future value?
- Find the future value of an ordinary annuity of $500 paid quarterly for 8 years, if the interest rate is 15%, compounded quarterly. (Round your answer to the nearest cent.)$The compounding periods and the payment periods are the same for an annuity and for an amortization. Determine the present value of the annuity that will pay the given periodic payments. (Round your final answer to two decimal places.) Monthly payments of $430 for 5 years with a monthly interest rate of 0.8%.Calculate the present value of the annuity. (Round your answer to the nearest cent.) $1800 monthly at 6.6% for 30 years.
- Find the future value of the following ordinary annuity. Payments are made and interest is compounded as given. R = $1,000, 5% interest compounded monthly for 6 years What is the future value of the ordinary annuity? (Round to the nearest dollar as needed.)A thirty-year annuity has end-of-month payments. The first year the payments are each $120. In subsequent years each payment increases by $5 over what it was the previous year. Find the present value of the annuity if i = 5%. (Round your answer to the nearest cent.)Find the future value of the following ordinary annuity. Payments are made and interest is compounded as given. R = $500, 7% interest compounded quarterly for 8 years What is the future value of the ordinary annuity? $ (Round to the nearest dollar as needed.)