To save for​ retirement, a student invests ​$50 each month in an ordinary annuity with 6% interest compounded monthly. Determine the accumulated amount in the​ student's annuity after 40 years.   The accumulated amount will be

Professor’s Annuity Corp. offers a lifetime annuity to retiring professors. For a payment of $350,000 at age 65, the firm will pay the retiring professor $2,800 a month until death. If the professor’s remaining life expectancy is 30 years, what is the monthly rate on this annuity? What is the effective annual rate?

please show the step by step solution. Do not skips steps. Explain your steps Please write on paper

Use the excel and follow the step Like you did last question and please use excel

Provide manual solutions to below mentioned problems. An engineer is entitled to receive P25,000 at the beginning of each year for 18 years. If the rate of interest is 4% compounded annually. 1. What is the present value of this annuity at the time he is supposed to receive the first payment?2. What is the sum of this annuity at the end of the 18th year?3. Find the difference between the sum of this annuity which is paid at the beginning of each year and an annuity paid at the end of each year. Answer. 1. P329,141.72 2. P666,780.73 3. P25,645.41

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 $220 were made at the beginning of each quarter for 15 years at 4.6% compounded quarterly.   The future value of the annuity due is $19077.23. The amount from contributions is $_______ The amount from interest is $ ________ do not round until the final answer.

Mr. Thompson wants to receive a fixed monthly payment of $800 for 10 years from an ordinary simple annuity. If the annuity offers an annual interest rate of 5%, compounded monthly, calculate the present value of the annuity.

Bob purchases an annuity that will pay him $10,000 a year for the next 15 years starting a year from now.  Assuming a 5% annual interest rate, what is the value of this annuity?  Choose the closes. a) $150,000 b) $103,797 c) $124,622 d) $77,217

Eric and vest $1050 every year in an annuity that pays six. 6% interest compounded annually. Payments will be made at the end of each year. Find the total value of the annuity in 21 years.