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- 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.The present value of an annuity is given. Find the periodic payment. (Round your final answer to two decimal places.) Present value = $6200, and the interest rate is 7.2% compounded quarterly for 4 years.The 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.
- Find the present value (in dollars) of an annuity that pays $9,000 at the end of each 6-month period for 5 years if the interest rate is 4% compounded semiannually. (Round your answer to two decimal places.)What is the present value of a 8-year ordinary annuity with annual payments of $523, evaluated at a 4 percent interest rate? Round your answer to 2 decimal placesIn the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the accumulated amount of the annuity. (Round your answer to the nearest cent.) $2500 annually at 7% for 10 years.
- Find the future value of an ordinary annuity of $700 paid at the end of each year for 4 years, if interest is earned at a rate of 6%, compounded annual. The future value is $ (Round to 2 decimal places.)Determine the amount of the ordinary annuity at the end of the given period. (Round your final answer to two decimal places.) $600 deposited quarterly at 6.8% for 10 years.Find the future value of the given annuity (Round your answer to the nearest cent.) Ordinary annuity, $165 monthly payment, 8 and 1/8% interest, for eleven years.
- Find the present value of an ordinary annuity with deposits of $11,055 semiannually for 10 years at 9.2% compounded semiannually. What is the present value? $ (Round to the nearest cent.)A perpetuity will pay $900 per year, starting five years after the perpetuity is purchased. What is the present value (PV) of this perpetuity on the date that it is purchased, given that the interest rate is 11%?Find the present value of an ordinary annuity with deposits of $14,531 every 6 months for 3 years at 6.8% compounded semiannually. What is the present value? (Round to the nearest cent as needed.)