A 20-year annuity was purchased with $180,000 that had accumulated in an RRSP. The annuity provides a semiannually compounded rate of return of 5% and makes equal month-end payments. What will be the principal portion of Payment 134?
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A 20-year annuity was purchased with $180,000 that had accumulated in an RRSP. The annuity provides a semiannually compounded
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- A 20-year annuity was purchased with $180,000 that had accumulated in an RRSP. The annuity provides a semiannually compounded rate of return of 5% and makes equal month-end payments. How much interest will be paid in the sixth year?A 25-year annuity was purchased with $225,000 that had accumulated in a RRSP. The annuity provides a semiannually compounded rate of return of 9.5% and makes equal month-end payments. What amount of principal will be included in Payment 206? What will be the interest portion of Payment 187? How much will the principal be reduced by Payments 50 to 100 inclusive? How much interest will be paid in the 14th year? What will be the amount of the final payment?2) A 15-Year annuity is purchased for 10,000 with level annual payment 800. what is the effective annual interest rate?
- A 20-year annuity was purchased with $180,000 that had accumulated in an RRSP. Thé annuity provides a semiannually compounded rate of return of 5% and makes equal month-end payments. How much interest will be paid in the sixthyea? (Round your answer to the nearest cent.) Interest paidi $ 8866 47 please provide ball plus solution functionA certain annuity pays $108 at the end of every 3 months. If the present value of the annuity is $1,200 and the accumulated amount is $2,000, determine the nominal rate.A perpetuity will pay $900 per year, starting five years after the perpetuity is purchased. What is the present value (PV) of this perpetuity on the date that it is purchased, given that the interest rate is 11%?
- The present value of an annuity is 16,950. Quarterly payments of 369 are made from 16,950 that is invested at 4% compounded quarterly. How many regular payments will be made and what is the size of the concluding payment?Use the ordinary annuity formula shown to the right to determine the accumulated amount in the annuity if $60 is invested semiannually for 10 years at 5.0% compounded semiannually. The accumulated amount will be Find the future value of each annuity due. Then determine how much of this value is from contributions and how much is from interest. Payments of $1000 made at the beginning of each semiannual period for 7 years at 8.49 % compounded semiannually The future value of the annuity due is $. (Do not round until the final answer. Then round to the nearest cent as needed.) The amount from contributions is $ The amount from interest is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
- An annuity providing a rate of return of 4.8% compounded monthly was purchased for $51,800. The annuity pays $460 at the end of each month. e. What will be the amount of the final payment? (Round your answer to the nearest cent.) Final payment $A perpetuity will pay $736 per year, starting five years after the perpetuity is purchased. (The first payment is precisely 5 years after purchase.) What is the present value (PV) of this perpetuity on the date that it is purchased, given that the interest rate is 9 % ?Find i (the rate per period) and n (the number of periods) for the following annuity. Quarterly deposits of $500 are made for 6 years into an annuity that pays 7.5% compounded quarterly. Find i (the rate per period) and n (the number of periods) for the following annuity. Semiannual deposits of $3,100 are made for 15 years into an annuity that pays 5.9% compunded semiannually.
