A 3-year annuity immediate with monthly payments has an initial payment of 200. Subsequent monthly payments are x% more than each preceding payment. Given that the amount of the 14h payment is 481.969, determine the present value of the annuity using a 9%, compounded monthly, interest rate. (A) 23750 (B) 24005 (C) 24255 (D) 24550 (E) 24735

Q: Calculate the future value of an ordinary annuity consisting of annually payments of $1,500 for 6…

A: An ordinary annuity is that annuity in which payments are made at the end of each period.

Q: Find the future value of an ordinary annuity of ​$8,000 semiannually for eight years at 7​% annual…

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Q: The present value of an annuity using an effective annual discount rate of 12% is $40,043.69. This…

A: An annuity is a payment series where a periodic sum is paid in exchange for a lump sum payment. It…

Q: Consider a whole life annuity-due with quarterly payment payable in advance to (60) as ollows: $1000…

A: A whole life annuity due is a financial product that provides a series of regular payments to an…

Q: An annuity makes semi-annual payments for 10 years. The first year the payments are 100 and each…

A: Solution- Step (1) Given that Amount of first payment =100 Numbers of year =10 Number of semi-annual…

Q: For the following ordinary annuity, determine the size of the periodic payment. Future Payment…

A: The PMT function is a type of financial function which helps to determine the total monthly payment…

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A: We need to use present value of ordinary annuity formula to calculate value of PV of annuity.wherePV…

Q: Calculate the future value of an ordinary annuity of which periodic deposit is P7,000.00 at 8%…

A: Future value can be calculated using FV (rate, nper, pmt, [Pv], [type]) Rate The interest rate Nper…

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A: The future value of an ordinary annuity is given by the formula where Py is the annuity payment, i…

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

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A: Future value is an estimate of future cash flows ​​that may be received at a future date, discounted…

Q: future value

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

Q: (using ordinary general annuities) Convert an annuity with quarterly payments of $ 20,000 to one…

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

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

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Q: Ques 5 and 6

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A: Annuity is referred as the instalment paid at the regular interval for a particular period. The…

Q: If the future value of an ordinary, 7-year annuity is $6,200 and interest rates are 6 percent,…

A: Ordinary annuity refers to the annuity in which the movement of cash should be made at the end of…

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A: The annuity refers to the regular payment or receipt that lasts over a period of time. The preset…

Q: Determine the present value of an annuity for 15 years if the interest rate is 8.8% per annum…

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Q: An annuity pays $1700 weekly for 5 years and then $3900 weekly for the next 8 years. Determine the…

A: Discounted value is the present value of the annuity for the years. Annuity payments are discounted…

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

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Q: If the present value of an ordinary 6 year annuity is $9100 and interest rate is 9.5%. Find the…

A: The provided information are: Present value (PV) = $9100 Rate of interest (r) = 9.5% Number of years…

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

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A: Annuity payments are the series of the uniform constant payments that are to be received at the end…

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Q: Given a discount rate of 8%, what is the present value of a quarterly perpetual annuity payment of…

A: We can determine the PV of perpetuity using the formula below:Quarterly interest rate = 8%/4 = 2%

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: For the following ordinary annuity, determine the size of the periodic payment. Present Future Value…

A: Periodic payment refers to the amount to be paid every month including interest and the principal…

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

A: Given Amount = $22,000 Time = 11 years  Interest rate =8.6%

Q: An annual annuity-immediate pays $2000 at the end of the first year. The last payment is at the end…

A: The present value is the present worth of the amount that will be paid or received at future.

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A: Deferred annuity is a concept of time value of moeny in which the payments starts after a short…

Q: The first payment of the perpetuity is K and each subsequent payment is 0.5% larger than the…

A: We first need to compute the PV of the remaining payments (9 payments) using the PV of ordinary…

Q: if P20,879 is deposited each year for 8 years at an interest rate of 10.257% compounded bi-monthly,…

A: The concept of the time value of money states that the same amount of money is worth more today than…

Q: 2. An annuity pays 200 at the end of each month for 10 years. Using an annual effective interest…

A: Present value:The present value is a financial term that shows the current value of a future…

Q: A 5-year annuity has a series of payments 1, 2, 3, 2, 1 with the first payment made at time t = 0…

A: An annuity refers to a series of periodic payments made in exchange for a lump sum payment. It is…

Q: If you want to be paid from a l13 year ordinary annuity with a guaranteed rate of 3.09% compounded…

A: The annuity refers to the series of payments or receipts that last over a specific period of time.…

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 =…