Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) (Do not round intermediate calculations. Roundyour answer to the nearest cent.)Present value (amountneeded now to investto receive annuity)Amount ofPaymentTimeInterest rateannuity expected15,300Quarterly4 years8%acerΣ%24 TABLE13-2Present value of an annuity of$1Perlod2%3%4%5%6%7%8%9%10%11%12%13%0.98040.97090.96150.95240.94340.93460.92590.91740.90910.90090.89290.88501.94161.91351.88611.85941.83341.80801.78331.75911.73551.71251.69011.66813.2.88392.82862.77512.72322.67302.62432.57712.53132.48692.44372.40182.36123.80773.71713.62993.54593.46513.38723.31213.23973.16993.10243.03732.97454.71344.57974.45184.32954.21244.10023.99273.88973.79083.69593.60483.51726.5.60145.41725.24215.07574.91734.76654.62294.48594.35534.23054.11143.99757.6.47206.23036.00215.78645.58245.38935.20645.03304.86844.71224.56384.42268.7.32557.01976.73276.46326.20985.97135.74665.53485.33495.14614.96764.79886.8.16227.78617.43537.10786.80176.51526.24695.9952 5.75905.53705.32825.1317108.98268.53028.11097.72177.36017.02366.71016.41776.14465.88925.65025.4262119.78689.25268.76058.30647.88697.49877.13906.80526.49516.20655.93775.68691210.57539.95409.38518.86328.38387.94277.53617.16076.81376.49246.19445.91761311.348310.63509.98569.39368.85278.35767.90387.48697.10346.74996.42356.12181412.106211.296110.56319.89869.29508.74558.24427.78627.36676.98196.62826.30251512.849211.937911.118410.37969.71229.10798.55958.06077.60617.19096.81096.46241613.577712.561111.652310.837810.10599.44668.85148.31267.82377.37926.97406.60391714.291813.1661. 12.165711.274110.47739.76329.12168.54368.02167.54887.11966.72911814.992013.753512.659311.689610.827610.05919.37198.75568.2014770167.24976.83991915.678414.323813.133912.085311.158110.33569.60368.95018.3649783937.36586.93802016.351414.877513.590312.462211.469910.5940-9.81819.12858.51367.96337 46947.02482519.523417.413115.622114.093912.783411.653610.67489.82269.07708.42177.84317.33003022.396419.600417.292015.372413.764812.409011.257810.2737 9.42698.69388.05527.49574027.355423.114819.792817.159115.046313.331711.924610.75749.77908.95118.24387.63445031.423625.729821.4822 18.255915.761913.800712.233510.9617991489.0417 8.30457.67524.

Given: Annuity = $15,300 Compounding = Quarterly Time = 4 years Interest rate= 8%

Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) (Do not round intermediate calculations. Rour your answer to the nearest cent.) Present value (amount needed now to invest to receive annuity) Amount of Payment Time Interest rate annuity expected 15,300 Quarterly 4 years 8 % 2$

Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) (Do not round intermediate calculations. Rour your answer to the nearest cent.) Present value (amount needed now to invest to receive annuity) Amount of Payment Time Interest rate annuity expected 15,300 Quarterly 4 years 8 % 2$

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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Future value of an ordinary annuity. Fill in the missing future values in the following table for an ordinary annuity: Number of Payments or Years 5 16 Annual Interest Rate 8% 18% Data table 5 16 25 340 Present Value (Click on the following icon Number of Payments or Years Annual Interest Rate 8% 18% 4% 0.9% 0 0 Annuity $282.81 $1,331.99 in order to copy its contents into a spreadsheet.) 0 0 0 0 Present Value Annuity $282.81 $1,331.99 $726.91 $460.85 Future Value $1,659.13 (Round to the nearest cent.) (Round to the nearest cent.) Future Value ? ? ? ? X
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Suppose the interest rate is 6.9 APR with monthly compounding. What is the present value of an annuity that pays $110 every three months for five years? (Note: Be careful not to round any intermediate steps less than six decimal places.) Question content area bottom Part 1 The present value of the annuity is $ enter your response here. (Round to the nearest cent.)
Find the periodic withdrawals PMT for the given annuity account. HINT [See Quick Example 4.1 (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $500,000 at 5%, paid out quarterly for 20 years PMT = $ Need Help? Read It
Use Table 12-1 to calculate the future value (in $) of the annuity due. (Round your answer to the nearest cent.) Nominal Annuity Payment Time Future Value Payment Frequency Interest Period (years) Rate (%) Compounded of the Annuity $800 every 6 months 12 10 semiannually $ %24
Laurel Enterprises expects earnings next year of $4.00 per share and has a 40% retention rate, which it plans to keep constant. Its equity cost of capital is 10%, which is also its expected return on new investment. Its earnings are expected to grow forever at a rate of 4.0% per year. If its next dividend is due in one year, what do you estimate the firm's current stock price to be? The current stock price will be $________ (Round to the nearest cent.)
K Find the payment made by the ordinary annuity with the given present value. $87,292; monthly payments for 20 years; interest rate is 3.7%, compounded monthly The payment is $ (Simplify your answer. Round to the nearest cent 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 by using formulas. (Round your answer to the nearest cent.) Ordinary Annuity AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Future Valueof the Annuity (in $) $5,000 every 6 months 9 9.0 semiannually $
Using the annuity table, complete the following. (Use Table 13.2.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Payment amount end of each period 1,450 Frequency of payment - Annually Length of time 7 years Interest rate 9 % PV of Annuity
Find the future value of the following ordinary annuity. Periodic Payment Payment Interval Term Interest Rate Conversion Period $3440 1 year 4 years 12% semi-annually

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