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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Estimating the annual interest rate with an ordinary annuity. Fill in the missing annual interest rates in the following table for an ordinary annuity stream. Number of Payments or Years Annual Interest Rate Future Value Annuity Present Value 10 ? $0.00 $600.00 $2,386.09 18 ? $13,278.73 $354.57 $0.00 40 ? $0.00 $1,872.79 $40,000.00 60 ? $266,564.09 $500.00 $0.00 Number of Payments or Years Annual Interest Rate Future Value Annuity Present Value 10 nothing% (Round to two decimal places.) $0.00 $600.00 $2,386.09 18 nothing% (Round to two decimal places.) $13,278.73 $354.57 $0.00 40 nothing% (Round to two decimal places.) $0.00 $1,872.79 $40,000.00…
Calculate the present value of the following annuities, assuming each annuity payment is made at the end of each compounding period. (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.) 1. 2. 3. Annuity Payment $ 5,600 10,600 4,600 Annual Rate Interest Compounded Semiannually 9.0% 10.0% Quarterly 11.0% Annually Period Invested 3 years 2 years 5 years Present Value of Annuity
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