(3-4.) The following terms of payment for an annuity are as follows: Periodie payment = 20,000 Payment interval =1 month Interest rate = 18% compounded monthly Terms = 15 years 3. Find the present worth of all the payments if it is paid at the end of each month. a. 1,367,117.11 b. 1,532,147.20 c. 1,241,911.25 d. 1,478,687.71

Q: Use Table 12-2 to calculate the present value (in $) of the annuity due. (Round your answer to the…

A: Here,

Q: Complete present value of an ordinary annuity: (Round your answer to the nearest cent.)   Amount…

A: Present value of annuity (PVA) is the stream of regular interval cashflow discounted at specified…

Q: The compounding periods and the payment periods are the same for an annuity and for an amortization.…

A: Present value of annuity:The present value of an annuity refers to the current worth of a series of…

Q: A 10-year annuity-due with quarterly payments has a first payment of 1000. The next five payments…

A: First payment = $ 1000 Next 5 payments = $ 1000 Growth rate in payments after 6 payments = 5.06%…

Q: (Exercise 4.38) A perpetuity provides payments every 4 months starting today. The first payment is 1…

A: The present value of a perpetuity can be calculated using the formula:Present Value = Payment /…

Q: What is the present value of a 8-year ordinary annuity with annual payments of $523, evaluated at a…

A: The PV of an annuity refers to the total value of its cash flows at present assuming they are…

Q: A perpetuity-due with annual payments of 100 has a duration of 26.88 years at an annual effective…

A: Annual payment = 100 Duration of perpetuity due = 26.88 i = Interest rate

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: Amount of deposit(m): $800 Frequency(n): annually Rate(r): 1% Time(t): 30 years

Q: Find i​ (the rate per​ period) and n​ (the number of​ periods) for the following annuity. Semiannual…

A: In finding out the present value or future value of the annuity the compounding of interest and…

Q: future value

A: Future value is the value of money or asset in the future. It is very important to investors and…

Q: Use the ordinary annuity formula shown to the right to determine the accumulated amount in the…

A: Future Value of Ordinary Annuity refers to the concept which determines the sum total of all the…

Q: Annuity Payment Time Payment Frequency Period (years) $7,000 every year 20 Nominal Interest Rate (%)…

A: Ordinary annuity is an annuity in which payments are at the end of a period and payments are made at…

Q: The compounding periods and the payment periods are the same for an annuity and for an amortization.…

A: Present value of annuity is the current value of the future payments that are calculated using the…

Q: very 6 months 4

A: in this we have to calculate future value FACTOR annuity and get future value.

Q: Calculate the future value of the following annuities, assuming each annuity payment is made at the…

A:

Q: Find the future value of an annuity in 10 years if you deposit $125 at the end of each compounding…

A: An annuity is a type of agreement or a contract between an individual and an insurance company in…

Q: Find the amount of the ordinary annuity based on the information given. R=$10,500, 5% interest…

A: Ordinary Annuity: It represents the cash flows/payments of the annuity occurring at the end of the…

Q: Calculate the present value of the following annuities, assuming each annuity payment is made at the…

A: An Annuity is a continuous flow of systematic timely cash flows made or received for a stipulated…

Q: Find the amount of the ordinary annuity based on the information given. R=$12,500, 8% interest…

A: Ordinary annuity is a type of annuity where the payments will be made at the end of the year.

Q: An annuity pays $12 per year for 47 years. What is the future value (FV) of this annuity at the end…

A: Annuity paid per year = $12Discount rate = 7%Number of years = 47 years

Q: The table below contains information on four different annuities. a) Calculate the future value of…

A: The term "annuity" refers to a contract created and offered by financial institutions with the goal…

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: Ordinary annuity are the payments which are made at the end of the period.

Q: 6. Present Value of an Annuity The table below contains information on four different annuities. a)…

A: The present value of the annuity represents the current value of the future annuity stream of cash…

Q: An annuity pays $13 per year for 42 years. What is the future value (FV) of this annuity at the end…

A: In this question, we are required to determine the future value of annuity.

Q: Find the value of the ordinary annuity at the end of the indicated time period. The payment R,…

A: The ordinary annuity means a series of equal payments made at regular intervals at the end of the…

Q: Annuity Due 6. if the present value of an annuity due of 2,000 payable semiannually is 28,000 and…

A: Due to the time worth of cash, cash got today is worth more than a similar measure of cash later on…

Q: The compounding periods and the payment periods are the same for an annuity and for an amortization.…

A:

Q: The amount (future value) of an ordinary annuity is given. Find the periodic payment. (Round your…

A: An ordinary annuity is a stream of constant cash flows that occur at the end of every year.

Q: Find the future value of an annuity in 18 years if you deposit $85 at the end of each compounding…

A: Future value  of annuity formula: FVA=A×1+RMM×N-1RM where, A = annuity R=rate of interest M =…

Q: Use Table 12-1 to calculate the future value (in $) of the annuity due. (Round your answer to the…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: 7) $8000; quarterly pay

A: Price / Present Value can be calculated using PV function in excelPV (rate, nper, pmt, [Fv],…

Q: Find the amount of the ordinary annuity based on the information given. R=$10,500, 8% interest…

A: Ordinary annuity: The Ordinary due refers to the annuity which is paid at the end of the each…

Q: Find the payment that should be used for the annuity due whose future value is given. Assume that…

A: The annuity is a set of payments made in exchange for a lump sum payment. It is widely used in…

Q: A perpetuity-due with annual payments consists of en level payments of X followed by a series of…

A: A perpetuity is a type of annuity. Now a perpetuity due is that perpetuity in which payment starts…

Q: Complete this annuity due: (Round your answer to the nearest cent.)   Amount of Payment Payment…

A: Annuity: An annuity is defined as a series of payments, whether received or made, that are equal and…

Q: Find the future value of an annuity in 16 years if you deposit $110 at the end of each compounding…

A: Solution: Future value of an annuity is the total value of annuity payments at a specific point in…

Q: the first 12 periods and 3% for the following 16 periods. (A) Find the accumulated value of the…

A: The time value of money highlights the idea that money invested now will have a higher value than…

Q: Find the payment that should be used for the annuity due whose future value is given. Assum…

A: Annuity is a series of equal periodic payments at equal interval of period till maturity. When these…

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: Annuity refers to series of equalized payments that are paid or received at start or ending of…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.