a. Use the appropriate formula to find the value of the annuity.b. Find the interest.Periodic Deposit$1000 at the end of each yearTime20 yearsRate3% compounded annuallyi 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.)

Annuity: It is the series of equal or unequal payments that are made on equal time intervals.

Answered: a. Use the appropriate formula to find…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...

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You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.
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 $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 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 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.)
← a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit $80 at the end of every six months iClick the icon to view some finance formulas. Rate Time 6.5% compounded semiannually 25 years a. The value of the annuity is $ 9720. (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 Rate $1500 at the end of every three months 5.25% compounded quarterly Click the icon to view some finance formulas. Time 7 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.) Time
solve correctly show all steps neatly
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 Rate 5.5% compounded annually Click the icon to view some finance formulas. Time 30 years 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 $2000 at the end of each year Rate 3% compounded annually Click the icon to view some finance formulas. Time 35 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 Rate Time $80 at the end of each month 6% compounded monthly 40 years 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 $60 at the end of each month Rate 3% compounded monthly Click the icon to view some finance formulas. Time 25 years a. The value of the annuity is $. (Do not round until the final answer. Then round to the nearest dollar as needed.) 2 b. The interest is $ (Use the answer from part (a) to find this answer. Round to the nearest dollar as needed.)

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