Acme Annuities recently offered an annuity that pays 5.49% compounded monthly. What equal monthly deposit should be made into this annuity in order to have $76,000 in 10 years? The amount of each deposit should be $ (Round to the nearest cent.)

Q: you have a 12-year annuity paying $496 quarterly in 10 years when interest is 6.65% compounded…

A: Number of annuity payments = Number of years * time period of Payment = Number of years * Quaterly…

Q: A company wants to have $50,000 at the beginning of each 6-month period for the next 4.5 years. If…

A: Final amount = $50,000Time = 4.5 years Rate = 6.23% compounded semi-annually

Q: A company wants to have $20,000 at the beginning of each six month period for the next 4 1/2 years.…

A: Using excel PV function

Q: the final payment? (Round your answer to the nearest cent.) Final payment $

A: The future value of the annuity, which comprises all payments plus any interest generated, must be…

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: Acme Annuities recently offered an annuity that pays 6.6% compounded monthly. What equal monthly…

A: Step 1:We have to calculate the monthly deposits to get the required amount after 15 years.We will…

Q: If you want to be paid from a 14 year ordinary annuity with a guaranteed rate of 2.208% compounded…

A: In finance, the term annuity represents a sequence of cash flows that contain a fixed payment at…

Q: PNC's 30-year annuity is scheduled to pay off a loan taken out today at a 5% annual effective…

A: given, year (n) = 30 rate = 5% first annuity at t=10, amount= $10,000 then annuity increase by $5000…

Q: Acme Annunities recently offered an annuity that pays 4.8% compounded monthly. what equal monthly…

A: Here, Particulars Values Annual interest rate 4.80% Number of compounding periods 12.00…

Q: If 5 deposits of $600 each are made into an account at the end of years 9, 10, 11, 12, and 13, what…

A: Deposit in year 9,10,11,12 and 13 = $ 600 Future value period = Year 25 Annual interest rate = 12%

Q: Recently, More Money 4U offered an annuity that pays 6.9% compounded monthly. If $1,060 is deposited…

A: Time value of money (TVM) refers to the method or technique which is used to measure the amount of…

Q: An investment is expected to result in equal payments of $300 at the end of each of the next 8 years…

A: Note: It is a case where no question is specified to solve among the multiple questions posted, so…

Q: A company wants to have $50,000 at the beginning of each 6-month period for the next 4+1/2 years. If…

A: Final amount = $50,000Time = 4.5 years Rate = 6.23% compounded semi-annually

Q: An ordinary annuity selling at $8,860.53 today promises to make equal payments at the end of each…

A: The annual annuity payment (PMT)= $1,065.62Present value= $7,706,517.28 Explanation:Step 1: Find the…

Q: A company wants to have $50,000 at the beginning of each 6-month period for the next 4 1/2 years. If…

A: Annuity is the regular payment to be made for specific number of years. There are two types of…

Q: Recently, More Money 4U offered an annuity that pays 6.9% compounded monthly. If $1,038 is deposited…

A: Monthly deposit (C) = $1,038 Monthly interest rate (r) = 0.00575 (i.e. 0.069 / 12) Monthly period…

Q: An annuity has payments at the beginning of every three months starting today. The first payment is…

A: An annuity is a payment series that provides the holder with a periodic income in exchange for a…

Q: Acme Annuities recently offered an annuity that pays 3.6% compounded monthly. What equal monthly…

A: Each period payment is considered as PMT.

Q: Find the monthly payment that will yield the future value of $255,000 using an ordinary annuity at…

A: Here,FutureValue (FV) is $255,000Interest Rate (r) is 10.75%Time Period (n) is 42 yearsCompounding…

Q: A 15-year annuity pays $1,750 per month, and payments are made at the end of each month. If the APR…

A: Present value refers to the discounted value of all the cash flows in the future. Discounting is…

Q: Recently, More Money 4U offered an annuity that pays 5.1% compounded monthly. If $1,706 is deposited…

A: Monthly deposit (C) = $1,706 Monthly interest rate (r) = 0.00425 (i.e. 0.051 / 12) Monthly period…

Q: American General offers a 10-year annuity with a guaranteed rate of 9.39% compounded annually. How…

A: Present Value of Ordinary Annuity refers to the concept which gives out the discounted or today's…