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Find the future value and total interest of the annuity. Periodic Annual interest Annuity type Payment paid payment Ordinary annuity $2,400 Quarterly Click the icon to view the Future Value of $1.00 Ordinary Annuity table. The future value of the ordinary annuity is $ (Round to the nearest cent as needed.) The total interest of the annuity is $ (Round to the nearest cent as needed.) rate 10% Years 5

Find the future value and total interest of the annuity. Periodic Annual interest Annuity type Payment paid payment Ordinary annuity $2,400 Quarterly Click the icon to view the Future Value of $1.00 Ordinary Annuity table. The future value of the ordinary annuity is $ (Round to the nearest cent as needed.) The total interest of the annuity is $ (Round to the nearest cent as needed.) rate 10% Years 5

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Find the future value and total interest of the annuity. Periodic Annual interest payment $2,400 Annuity type Payment paid Quarterly Ordinary annuity Click the icon to view the Future Value of $1.00 Ordinary Annuity table. The future value of the ordinary annuity is $ (Round to the nearest cent as needed.) The total interest of the annuity is $ (Round to the nearest cent as needed.) rate 10% Years 5 ...
Transcribed Image Text:Find the future value and total interest of the annuity. Periodic Annual interest payment $2,400 Annuity type Payment paid Quarterly Ordinary annuity Click the icon to view the Future Value of $1.00 Ordinary Annuity table. The future value of the ordinary annuity is $ (Round to the nearest cent as needed.) The total interest of the annuity is $ (Round to the nearest cent as needed.) rate 10% Years 5 ...
uture Value of $1.00 Ordinary Annuity Periods 0.25% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Rate per period 1.00% 1.50% 2.00% 2.50% 0.50% 0.75% 1.000 1.000 1.000 1.000 2.005 2.008 2.010 1.000 1.000 1.000 2.002 2.015 2.020 2.025 3.008 3.015 3.023 3.030 3.045 3.060 3.076 4.015 4.030 4.045 4.060 4.091 4.122 4.153 5.025 5.050 5.076 5.101 5.152 5.204 5.256 6.230 6.308 6.388 6.038 6.076 6.114 6.152 7.214 7.159 8.286 7.053 7.106 7.434 7.323 7.547 8.070 8.141 8.213 8.433 8.583 8.736 9.755 9.955 11.203 10.950 9.369 9.559 9.182 9.091 9.275 10.113 10.228 10.344 10.462 10.703 11.863 12.169 12.483 11.139 11.279 11.422 11.567 13.412 13.796 12.166 12.336 12.508 12.683 13.041 14 237 15.140 15.618 14.680 13.809 13.601 17.086 15.974 16.519 15.450 17.932 18.599 17.293 13.197 13.397 14.230 14.464 14.947 15.265 15.537 16.097 16.682 20 AC CA 40 30n.. 15 14.703 15.814 ATOnin Lennon. 3.00% 3.50% 4.00% 1.000 1.000 1.000 2.030 2.035 3.091 3.106 4.184 4.215 5.309 5.362 6.468 2.040 3.122 4.246 5.416 6.55 6.633 7.662 7.779 7.898 8.892 9.052 9.214 13.486 10.159 10.368 10.583 11.464 11.731 12.006 12.808 13.142 14. 192 14.602 16. 113 17.677 19 296 15.026 16.627 18 292 20.024 EE 2005
Transcribed Image Text:uture Value of $1.00 Ordinary Annuity Periods 0.25% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Rate per period 1.00% 1.50% 2.00% 2.50% 0.50% 0.75% 1.000 1.000 1.000 1.000 2.005 2.008 2.010 1.000 1.000 1.000 2.002 2.015 2.020 2.025 3.008 3.015 3.023 3.030 3.045 3.060 3.076 4.015 4.030 4.045 4.060 4.091 4.122 4.153 5.025 5.050 5.076 5.101 5.152 5.204 5.256 6.230 6.308 6.388 6.038 6.076 6.114 6.152 7.214 7.159 8.286 7.053 7.106 7.434 7.323 7.547 8.070 8.141 8.213 8.433 8.583 8.736 9.755 9.955 11.203 10.950 9.369 9.559 9.182 9.091 9.275 10.113 10.228 10.344 10.462 10.703 11.863 12.169 12.483 11.139 11.279 11.422 11.567 13.412 13.796 12.166 12.336 12.508 12.683 13.041 14 237 15.140 15.618 14.680 13.809 13.601 17.086 15.974 16.519 15.450 17.932 18.599 17.293 13.197 13.397 14.230 14.464 14.947 15.265 15.537 16.097 16.682 20 AC CA 40 30n.. 15 14.703 15.814 ATOnin Lennon. 3.00% 3.50% 4.00% 1.000 1.000 1.000 2.030 2.035 3.091 3.106 4.184 4.215 5.309 5.362 6.468 2.040 3.122 4.246 5.416 6.55 6.633 7.662 7.779 7.898 8.892 9.052 9.214 13.486 10.159 10.368 10.583 11.464 11.731 12.006 12.808 13.142 14. 192 14.602 16. 113 17.677 19 296 15.026 16.627 18 292 20.024 EE 2005
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