1. what type of annuity is this: Payments are made at the beginning of each month and the interest is 6% semi-monthly. 2. find the value of c when you make payments quarterly and the compounding frequency is monthly.

Q: If you make monthly payments of $488.00 into an ordinary annuity earning an annual interest rate of…

A: This pertains to the concept of time value of money. Amount deposited or paid periodically is an…

Q: you have a 12-year annuity paying $496 quarterly in 10 years when interest is 6.65% compounded…

A: Number of annuity payments = Number of years * time period of Payment = Number of years * Quaterly…

Q: Find the term of the following ordinary general annuity. State your answer in years and months (from…

A: The present value of an annuity is the current value of future payments from an annuity, assuming a…

Q: An annuity pays an amount of $86.00 each period for 9 periods, and the present value is $666.00.…

A: An annuity is a series of payments made at equal intervals. Examples of annuities are regular…

Q: the final payment? (Round your answer to the nearest cent.) Final payment $

A: The future value of the annuity, which comprises all payments plus any interest generated, must be…

Q: month. The certain annuity is 325038 PLN and nominal interest rate is 12%. Prepare the amortization…

A: Annuity Payment to be received at the beginning of each month  Annuity amount  325038…

Q: The compounding periods and the payment periods are the same for an annuity and for an amortization.…

A: Present value of annuity:The present value of an annuity refers to the current worth of a series of…

Q: An annuity due has four payments, $2000 each. What's the present value of the annuity due at a 6%…

A: Annuity due is that annuity in which payments are made at the start of each period. This is in…

Q: How much should I invest today and expect a reimbursement every other month with a ROR of 0.12…

A: Bi-monthly receipt amount (C) = 5822 Annual interest rate = 0.12 Bi-monthly interest rate (r) =…

Q: Find the term of the ordinary annuity in years and months (from 0 to 11 months). Present Value…

A: Present value of annuity = $20000 Quarterly rent (Q) = $900 r = 4.7% per annum = 1.175% per quarter…

Q: Find the term of the following ordinary general annuity. State your answer in years and months (from…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: The term of the annuity is year(s) and month(s).

A: Annuity refers to the pattern of payment made at equal intervals. It is a type of long-term…

Q: Find the difference between the sums of an annuity due and an ordinary annuity for the following…

A: An annuity is a series of cash flows wherein an equal amount is paid every period. An ordinary…

Q: Find the future value of the following ordinary annuity. Payments are made and interest is…

A: STEP 1 When assuming a specific rate of return, or discount rate, the future value of an annuity is…

Q: (using ordinary general annuities) Convert an annuity with quarterly payments of $ 20,000 to one…

A: The regular periodic payments made at each periodic interval indicate the annuity payments. The…

Q: Construct the Annuity Savings Model that satisfies: (a) The initial balance is $800, and each month…

A: Annuity Savings Model Balance at end of month = [Balance at beginning of month T-1 * (1+Interest%) +…

Q: Assume that you make monthly payments of $ 750 into an ordinary annuity paying 4% compounded…

A: The time value of money concept will be used and applied here. Ordinary annuity means annuity or the…

Q: What is the amount of an annuity that consists of 100 monthly payments of $250 into an account that…

A: Given: Periodic payment (P) =$250 Rate of interest per month = 5% annually  Rate of interest monthly…

Q: 5. Suppose an annuity at 4% compounded semi-annually will pay $4000 at the end of each 6-month…

A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…

Q: Assume that you make quarterly payments of $ 750 into an annuity paying 5% interest compounded…

A: Future value refers to an amount of the current asset at some future date. It is helpful in…

Q: Assume that you make quarterly payments of $ 475 into an annuity paying 3% interest compounded…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: ity

A: of the annuity has to be found out,  The payment is made in year 4 up to the 12th year, (9 times)…

Q: An annuity with a cash value of $9,600 pays $2,190 at the beginning of every six months. The…

A: Annuities are equal and fixed regular payments based on the time of cash flow and the interest rate…

Q: Find the present value of an ordinary annuity with deposits of 23,958 every 6 months for 4 years at…

A: The formula to compute present value:

Q: Find the term of the following ordinary general annuity. State your answer in years and months (from…

A: Future value of annuity = $18500 Annual payment (A) = $770 Compounding period is quarterly. Hence,…

Q: An annuity with a cash value of $9,800 pays $880 at the beginning of every three months. The…

A: a) No. of payment =12.08 or 13 b) size of final annuity payment = $880

Q: uppose that one has a bank loan for P15,584.48, which is to be repaid in equal end-of-month…

A: In this we need to calculate present value factor and from that you will get monthly payment.

Q: We receive 50 beginning of each month for a term of n-years. We wish to replace it with an annuity…

A: Annuity payments are the series of the uniform constant payments that are to be received at the end…

Q: Recently, More Money 4U offered an annuity that pays 6.9% compounded monthly. If $1,060 is deposited…

A: Time value of money (TVM) refers to the method or technique which is used to measure the amount of…

Q: Suppose an annuity pays $2000 at the end of each 3 month period for 3.5 years at an interest rate of…

A: given, A = $2000 n = 3.5 r = 4% pa but it is compounded quarterly therefore, frequency of…

Q: Find the term of the following ordinary general annuity. State your answer in years and months​…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: Suppose payments were made at the end of each quarter into an ordinary annuity earning interest at…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: A one-year annuity that pays $100 semi-annually will starts its payment in 6 months from now. APR is…

A: Present Value of  Ordinary Annuity refers to the concept which dictates the discounted value of a…

Q: etermine the simple interest. The rate is an annual rate. Assume 360 days in a year.   p=​$280​,…

A: Simple interest is the type of interest that is calculated on the original amount invested in an…

Q: Directions: Read the following annuity problem. Fill in the blanks in the statements th follow. A…

A: The loans are paid by equal monthly payments these monthly payment carry the payment for the…

Q: Assume that today you borrowed $30,000 at 4.25% compounded monthly and will pay off the loan with…

A: The given problem relates to concept of annuity. An annuity is a series of uniform cash flows over a…