a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit S7000 at the end of each year Rate |5% compounded annually Time 15 years 1 Click the icon to view some finance formulas. a. The value of the annuity is $ (Do not round until the final answer. Then round to the nearest dollar as needed.) b. The interest is S (Use the answer from part (a) to find this answer. Round to the nearest dollar as needed.)

a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit S7000 at the end of each year Rate |5% compounded annually Time 15 years 1 Click the icon to view some finance formulas. a. The value of the annuity is $ (Do not round until the final answer. Then round to the nearest dollar as needed.) b. The interest is S (Use the answer from part (a) to find this answer. Round to the nearest dollar as needed.)

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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a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit $6000 at the end of each year Time Rate 6.5% compounded annually 35 years A Click the icon to view some finance formulas. a. The value of the annuity is $ (Do not round until the final answer. Then round to the nearest dollar as needed.) b. The interest is $ (Use the answer from part (a) to find this answer. Round to the nearest dollar as needed.)
a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit $1500 at the end of every three months 6.25% compounded quarterly Time 4 years Rate Click the icon to view some finance formulas. a. The value of the annuity is $ (Do not round until the final answer. Then round to the nearest dollar as needed.) b. The interest is $ (Use the answer from part (a) to find this answer. Round to the nearest dollar as needed.)
a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit $80 at the end of each month Rate 7% compounded monthly Time 35 years Click the icon to view some finance formulas. a. The value of the annuity is $. (Do not round until the final answer. Then round to the nearest dollar as needed.) b. The interest is $. (Use the answer from part (a) to find this answer. Round to the nearest dollar as needed.) Time Remas
a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit $100 at the end of every six months Rate Time 6.5% compounded semiannually 10 years Click the icon to view some finance formulas. a: The value of the annuity is S (Do not round until the final answer. Then round to the nearest dollar as needed) b. The interest is $ (Use the answer from part (a) to find this answer Round to the nearest dollar as needed) CO
a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit $8000 at the end of each year Time 35 years Rate 4% compounded annually Click the icon to view some finance formulas. .... a. The value of the annuity is $ (Do not round until the final answer. Then round to the nearest dollar as needed.) Formulas In the provided formulas, P is the deposit made at the end of each compounding period, r is the annual interest rate of the annuity in decimal form, n is the number of compounding periods per year, and A is the value of the annuity after t years. nt |+ A P[(1 + n* - 1] - 1 A = A = P = r nt Print Done
a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit Rate 6% compounded monthly Time 15 years $40 at the end of each month A Click the icon to view some finance formulas. a. The value of the annuity is $ (Do not round until the final answer. Then round to the nearest dollar as needed.) b. The interest is $. (Use the answer from part (a) to find this answer. Round to the nearest dollar as needed.)
Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit Rate Time $8000 at the end of each year 6% compounded annually 15 years LOADING... Click the icon to view some finance formulas. a. The value of the annuity is
A) Use the appropriate formula to find the value of the annuity. B) Find the interest. Periodic Deposit Rate Time $8000 at the end of each year 4.5% compounded annually 10 years A) The value of the annuity is $ ? (Do not round until the final answer. Then round to the nearest dollar as needed.) B) The interest is $ ? (Use the answer from part (a) to find this answer. Round to the nearest dollar as needed.)
a. Use the appropriate formula to find the value of the annuity b. Find the interest. Periodic Deposit $1000 at the end of each year Rate ime 4.5% compounded annually 40 years Click the icon to view some finance formulas. a. The value of the annuity is s (Do not round until the final answer. Then round to the nearest dollar as needed.) b. The interest is s (Use the answer from part (a) to find this answer. Round to the nearest dollar as needed.)
a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit $1000 at the end of every three months 5.25% compounded quarterly Rate Time 7 years Click the icon to view some finance formulas. a. The value of the annuity is $ (Do not round until the final answer. Then round to the nearest dollar as needed.)
a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit $1000 at the end of each year Time 20 years Rate 3% compounded annually i Click the icon to view some finance formulas. a. The value of the annuity is $ 26,870'. (Do not round until the final answer. Then round to the nearest dollar as needed.) b. The interest is $25870 (Use the answer from part (a) to find this answer. Round to the nearest dollar as needed.)
For 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. FVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) 1. $ 2 3 4. 15 Present Value Answer is complete but not entirely correct. Annuity Amount 2.200 145,000 190,000 72.523 45,787 8,784 558,865 480,945 520,000 240,000 8% 1.0% 9% 2.5% 10% n= 5 4 30 8 4

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