You bought an annuity selling at $17,390.08 today that promises to make equal payments at the beginning of each year for the next eight years (N). If the annuity’s appropriate interest rate (I) remains at 5.00% during this time, then the value of the annual annuity payment (PMT) is .

A 10-year annuity pays $1,850 per month, and payments are made at the end of each month. If the APR is 12 percent compounded monthly for the first five years, and APR of 8 percent compounded monthly thereafter, what is the value of the annuity today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g... 32.16.) Present value

You are given an annuity-immediate paying 14 for 14 years, then increasing by one per year for 8 years and then the remaining payment stay level as the last payment, forever. The annual effective rate of interest is 7.3%. Calculate the present value of this annuity.

An annuity has payments at the beginning of every three months starting today. The first payment is $100 and payments increase by 1% every three months for the first four years, making the 16th payment $116.10 to the nearest cent. After this, payments increase by $1 every three months for 32 additional payments, making 48 payments in total. If d (5) = 5.5%, find the present value of this annuity.

You have been offered a 7-year annunity of $2,000 beginning four years from now. If the discount rate is 8%, what is the value of the annuity today

A perpetuity of $1 each year, with the first payment due immediately, has a present value of $25 at an annual effective rate of i%. The owner exchanges it for another perpetuity with the first payment due immediately and subsequent payments due at two year intervals. What should the payment of the second perpetuity be, in order to keep the same interest rate, i%, and the same present value? A B с D E Less than $1.90 At least $1.90, but less than $1.94 At least $1.94, but less than $1.98 At least $1.98, but less than $2.02 $2.02 or more

Calculate the present value of annuity with 30 annual payments which pays an initial payment of $1,733.35 at the end of 5 years. Each subsequent annual payment is 4% larger than the previous payment. Assume the effective annual interest rate is 0.065. Give your answer to the nearest dollar.

You buy an ordinary annuity today for $120,583, which promises to pay you $11,256 per year. If the interest rate is 4.29 percent, for how many years will you receive payments? Answer to 4 decimals.

Assume that you make monthly payments of $ 475 into an ordinary annuity paying 8% compounded monthly. How much will be in the account after 12 years?

A thirty-year annuity has end - value of the annuity if i = 3 % - 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 (Round your answer to the nearest cent.)