Please solve for 26 don’t use excel E. DEFERRED ANNUITY PROBLEMS:23. Find the present value of a deferred annuity of P760 every six months for 5 yearsthat is deferred 3 years, if money is worth 4% compounded semiannually.-24. Find the present value of a deferred annuity of P760 every six months for 5 years,if the first payment is made in 2 years, and money is worth 5% compoundedsemiannually.25. Find the quarterly payment for 21 quarters to discharge an obligation ofP24,500, if money is worth 4% compounded quarterly and the first payment isdue at the end of 2 years and 9 months.26. Find the semi-annual payment at the end of every six months, the first paymentis due at the end of 7 years and the last at the end of 12 years for a loan ofP500,500, if money is worth 3% compounded semi-annually.

An annuity is a payment plan where future periodic payments are made in exchange for a lump sum…

due at the end of 2 years and 9 mon 26. Find the semi-annual payment at the end of every six months, the first payment is due at the end of 7 years and the last at the end of 12 years for a loan of P500,500, if money is worth 3% compounded semi-annually.

due at the end of 2 years and 9 mon 26. Find the semi-annual payment at the end of every six months, the first payment is due at the end of 7 years and the last at the end of 12 years for a loan of P500,500, if money is worth 3% compounded semi-annually.

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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Question

Please solve for 26 don’t use excel

E. DEFERRED ANNUITY PROBLEMS:
23. Find the present value of a deferred annuity of P760 every six months for 5 years
that is deferred 3 years, if money is worth 4% compounded semiannually.
-24. Find the present value of a deferred annuity of P760 every six months for 5 years,
if the first payment is made in 2 years, and money is worth 5% compounded
semiannually.
25. Find the quarterly payment for 21 quarters to discharge an obligation of
P24,500, if money is worth 4% compounded quarterly and the first payment is
due at the end of 2 years and 9 months.
26. Find the semi-annual payment at the end of every six months, the first payment
is due at the end of 7 years and the last at the end of 12 years for a loan of
P500,500, if money is worth 3% compounded semi-annually.

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Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest. R=16,000; 4.3% interest compounded quarterly for 11 years. The future value of the ordinary annuity is $__ (Round to the nearest cent as needed.) The amount from contributions is $__ and the amount from interest is $__. (Round to the nearest cent as needed.)
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