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
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
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
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
|
|
Annuity
|
|
|
|||
|
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
|
|
|
60
|
|
nothing%
(Round to two decimal places.) |
$266,564.09
|
|
$500.00
|
|
$0.00
|
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