What is the future value of a $810 annuity payment over four years if interest rates are 8 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future Value?

Q3 If the present value of an ordinary, 8-year annuity is $6,100 and interest rates are 8.0 percent, what’s the present value of the same annuity due? (Round your answer to 2 decimal places.) PRESENT VALUE

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question 6

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Future Value of an Annuity What is the future value of a $1,500 annuity payment over 8 years if the interest rates are 7 percent? Multiple Choice $15,389.70 $12,840.00 $2,577.28 О $13,384.21

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 = $_______.__

If you put $1,000 in a savings account that pays interest at the rate of 3 percent, compounded annually, how much will you have in 7 years? Round the answer to the nearest cent. Round FV-factor to three decimal places or use the Appendix A . (Hint: Use the future value formula.)   $     How much interest will you earn during the 7 years? Round the answer to the nearest cent.   $     If you put $1,000 at the end of each year into a savings account that pays interest at the rate of 3 percent a year, how much would you have after 7 years? Use the Appendix B . Round the answer to the nearest cent. Round FV-factor to three decimal places.   $

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How long will it take to double your savings if you earn 3.6 percent interest, compounded annually? O 17.78 years O 18.04 years O 18.67 years O 19.42 years 19.60 years