Finance Find the savings plan balance after 18 months with an APR of 6% and monthly payments of $800. Assume an ordinary annuity. a. $15,028.63 c. $15,360.28 b. $15,280.36 d. $15,306.82 Please select the best answer from the choices provided A B C D
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Finance
Find the savings plan balance after 18 months with an APR of 6% and monthly payments of $800. Assume an ordinary
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- Choose the best answer Compute the future value in year 5 of a $2,000 deposit in year 1 and another $2,500 deposit at the end of year 3 using a 6% interest rate. a. $5,333.95 b. $5,653.99 c. $5,850.00 d. $6,022.02A perpetuity pays $85 per year and costs $3,580. What is the rate of return? Select the correct answer. O a. 4.17% Ob. 3.27% O c.0.57% d. 2.37% O e. 1.47%Use the following 8% interest factors 7 periods 8 periods 9 periods Select one: Present Value of Ordinary Annuity. a. $319,099 b. $267,687 C. $226,800 d. $172,398 5.2064 5.7466 6.2469 What will be the balance on September 1, 2029 in a fund which is accumulated by making $30,000 annual deposits each September 1 beginning in 2022, with the last deposit being made on September 1, 2027? The fund pays interest at 8% compounded annually. Future Value of Ordinary Annuity. 8.92280 10.63663 12.48756
- how to use texas instrument TI-30XIIs calculator to find the savings plan balance? ex: Find the savings plan balance after 3 years with an APR of 3% and monthly payments of $100.posit at the end of hat year 3? p5-19 Future value of an annuity For each case in the accompanying table, answer the questions that follow. Case Amount of annuity Interest rate Deposit period (years) A. $ 2,500 8% 10 S00 12 30,000 20 D. 11,500 8. E 6,000 30 a. Calculate the future value of the annuity, assuming that it is (1) An ordinary annuity. (2) An annuity due. h Compare your findings in parts a(1) and a(2). All else being identical, which type able? Explain why.What is the PV of an ordinary annuity with 10 payments of $7,800 if the appropriate interest rate is 5.5%? Select the correct answer. a. $58,823.08 Ob. $58,815.68 $58,793.48 d. $58,808.28 e. $58,800.88
- Individual Assessment 1.b: Simple Annuity Due Directions: Calculate the future value of #1 & 2 and present value of #3, 4 & 5. Length of Annuity 5 years Principal Interest Mode of Payment Monthly Future Rate Value 1. P1,500 3.2% 2. P3,000 8.2% Bi-Monthly 3 years Length of Annuity 5 years Principal Interest Mode of Present Rate Payment Quarterly Value 3. P4,500 5.0% 4. Semi-annually 4 years P10,000 7.5% 5. P8,500 5.5% Annually 7 yearsa. Use the appropriate formula to find the value of the annuity b.how much of the financial goal comes from deposit and how much comes from interest? periodic deposit-$? at the end of the month Rate-5% compounded monthly Time-16 years Financial goal-$140,000Consider a five-year fixed - payment security that has a present value of $1,500. If the annual rate of discount is 2 percent, the payment made at the end of each year is Question 9 Select one: a. S231.77. b. $288.24. c. S 300.00. d. $310.00.
- 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 AnswerFor each of the following situations involving annuities, solve for the unknown Assume that interest is compounded annually and that all annuity amounts are received at the end of each period. (=interest rate, and n number of years) Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (FV of $1. PV of $1. EVA of $1. PVA of $1, EVAD of $1 and PVAD of $1) 1 2 3. 4. 5 Present Value 368,041 714,457 600,000 200,000 Annuity Amount $ 4,000 105,000 110.000 96,048 8% 10% 10% n= 5 4 9 4An 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 thanku