3OFind the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to thenearest cent.a. $400 per year for 16 years at 6%.$2,790.13b. $200 per year for 8 years at 3%.$1,768.79c. $900 per year for 8 years at 0%.7,200d. Rework parts a, b, and c assuming they are annuities due.Future value of $400 per year for 16 years at 6%: $Future value of $200 per year for 8 years at 3%: $Future value of $900 per year for 8 years at 0%: $$2,962.291,852.247,200

Details are provided below.Explanation:aFuture value of ordinary annuity is = P*((1+r)^n-1)/r "P" is…

Answered: 3 O Find the future values of these…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Find the present values of these ordinary annuities. Discounting occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent. a. $900 per year for 12 years at 6%. $ b. $450 per year for 6 years at 3%. $ c. $700 per year for 6 years at 0%. $ d. Rework previous parts assuming they are annuities due. Present value of $900 per year for 12 years at 6%: $ Present value of $450 per year for 6 years at 3%: $ Present value of $700 per year for 6 years at 0%: $
Find the future value of a five-year $106,000 investment that pays 9.25 percent and that has the following compounding periods: (Do not round intermediate calculations, round final answers to 2 decimal places, e.g. 15.25.) Value of investment after 5 years a. Quarterly $ b. Monthly $ c. Daily $ d. Continuous $
Please step by step solltion
find the final amount in this retirement account, in which the rate of return on the account and the regular contribution change over time 1500$ per quarter invested at 7.9% compound quarterly , for 20 years, then 1000$ per quarter invested at 6.8% compund quarterly for 10 years. answer is about 620,187$
5. What equal payments in 2 years and 5 years would replace payments of $37,500 and $92,500 in 6 years and 8 years, respectively? Assume money can earn 4.50% compounded monthly. Kindly keep all the decimals for all the procedures, DO NOT ROUND
Select the best answer for the question. 20. You want to invest money for three years in an account that pays nine-percent interest annually. How much would you need to invest today to reach a future goal of $12,000? (Round your answer to the nearest dollar.) A. $10,984 OB. $10,100 OC. $11,432 OD. $9,266
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Starting in 5 years and 6 months you want to be able to withdraw $950 every three months for 3 years and 3 months. You want to deposit a single amount immediately and then let it grow at a rate of 7.24% compounded quarterly. How much interest did you earn during the entire period of time? Select one: A. $4888.47 B. $2099.47 C. $4589.47
Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. a. An initial $800 compounded for 1 year at 9%. $ b. An initial $800 compounded for 2 years at 9%. $ c. The present value of $800 due in 1 year at a discount rate of 9%. $ d. The present value of $800 due in 2 years at a discount rate of 9%. $
Sub parts to be solved include Letters : D- Monthly E- Daily F - Every Minute G - Continuously H - Simple
Prepare an amortization schedule for a three-year loan of $117,000. The interest rate is 8 percent per year, and the loan calls for equal annual payments. How much total interest is paid over the life of the loan? Note: Leave no cells blank. Enter '0' where necessary. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Year 1 2 3 $ Beginning Balance 117,000.00 Total Payment Total interest Interest Payment Principal Payment Ending Balance
Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent. $300 per year for 8 years at 10%. $ $150 per year for 4 years at 5%. $ $200 per year for 4 years at 0%. $ Rework parts a, b, and c assuming they are annuities due. Future value of $300 per year for 8 years at 10%: $ Future value of $150 per year for 4 years at 5%: $ Future value of $200 per year for 4 years at 0%: $

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