Present Value of an Annuity Estimate the present value of an annuity if payments are $1300 monthly for 15 years and the account earns interest at the rate of 10%/yr compounded continuously. (Round your answer to two decimal places.) $ 120687.43 X Need Help? Read It
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- Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $200 is deposited monthly for 10 years at 6% per year in an account containing $9,000 at the start FV = $ 49150 Need Help? Read It Watch It Submit AnswerWhat is the present value of an annuity that pays $58 per year for 13 years and an additional $1,000 with the final payment? Use a nominal rate of 7.23%. $1,039 $946 O $882 O $990 O $873K Find the payment made by the ordinary annuity with the given present value. $87,292; monthly payments for 20 years; interest rate is 3.7%, compounded monthly The payment is $ (Simplify your answer. Round to the nearest cent as needed.)
- Future Value of an Annuity Find the future value of these ordinary annuities. Compunding occurs once a year. a) $500 per year for 8 yrs at 14% b) $250, 4yrs,7% c) $700 4yrs, 0% d) rework parts a,b,c assuming they are annuities due. please show me steps. Thank you.An annuity in perpetuity with effective annual interest rate i > 0 has present value $1, 000. Find i if the annuity pays $52.50 at the end of every 6 month period, with the first payment at the the end of year. please hand written solution thankuFind the future value of an annuity due of $650 semiannually for four years at 8% annual interest compounded semiannually. What is the total investment? What is the interest? E Click the icon to view the Future Value of $1.00 Ordinary Annuity table. The future value is $ 6228.82 . (Round to the nearest cent as needed.) The total investment was S and the earned interest was S (Round to the nearest cent as needed.)
- Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $2,200 is deposited quarterly for 20 years at 3% per year FV = $ Need Help? Read It Watch It Submit AnswerWhat’s the interest rate of a 7-year, annual $3,900 annuity with a present value of $20,000? (Use a time value of money calculator or a spreadsheet. Round your answer to 2 decimal places.) Annuity interest Rate = _____.__%Find the future value of an annuity in 10 years if you deposit $125 at the end of each compounding period into an account paying 3.80% compounded quarterly. O $ 547407.55 O $5383.61 $ 6048.21 O $ 3007.11
- Use the TVM Solver to find the present value of an ordinary annuity where the payments are $4210 made semiannually for 6 years at 3.8 % interest compounded semiannually. Please show the values you entered on your calculator. N = 12 1% = PV = PMT=4210 FV = P/Y = C/Y= PMT: END BEGIN n = 2xy = 12 veod estcuberg ausnied 47Give typing answer with explanation and conclusion to all parts If $387674 is used to purchase an annuity earning 5.5% compounded monthly and paying $3102 at the end of each month, what will be the term of the annuity? Include the final, smaller annuity payment in the total. (Just state total months as a number, not years and months) What is N? What is I/Y? What is C/Y? What is P/Y? What is PV? What is PMT? What is FV?Annuity Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Present Value of the Annuity $6000 every year 20 5 annually $___ Use Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your answer to the nearest cent.)