Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) Note: Do not round intermediate calculations. Round your answer to the nearest cent. Amount of annuity expected $ 900 Payment Annually Time 4 years Interest rate 6% Present value (amount needed now to invest to receive annuity)

Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) Note: Do not round intermediate calculations. Round your answer to the nearest cent. Amount of annuity expected $ 900 Payment Annually Time 4 years Interest rate 6% Present value (amount needed now to invest to receive annuity)

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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use table 12-1 to calculate the future value of the ordinary annuity.
For each of the following annuities, calculate the annuity payment. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Annuity Payment $ $ $ Future Value 24,150 960,000 772,000 131,000 Years 8 36 22 13 Interest Rate 5% 7 8 4
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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
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Use Table 12-2 to calculate the present value (in $) of the annuity due. (Enter a number. Round your answer to the nearest cent.) Annuity Payment Payment Frequency Time Nominal Interest Period (years) Rate (%) Compounded Present Value of the Annuity $300 every month (2 1/4) 6 monthly $ Need Help? Read It
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
i need answer typing clear urjent no chatgpt if the future value of an ordinary eight year annuity is $5500 in interest rates are 8.0% what is the future value of the same annuity due? (round your answer to 2 decimal places)
a. What is the present value of a 3-year annuity of $110 if the discount rate is 5%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. What is the present value of the annuity in (a) if you have to wait an additional year for the first payment? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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← 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.)
Suppose you are going to receive $14,500 per year for five years. The appropriate interest rate is 8 percent. a-1. What is the present value of the payments if they are in the form of an ordinary annuity? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a-2. What is the present value of the payments if the payments are an annuity due? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b-1. Suppose you plan to invest the payments for five years. What is the future value if the payments are an ordinary annuity? Note: Do not round intermediate..

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