Find the future value of an annuity of $1300 paid at the end of each year for 15 years, if interest is earned at a rate of 4%, compounded annually. (Round your answer to the nearest cent.)

Q: During 2021, Cord Builders, Inc. work on a P9,000,000 fixed-price construction contract that was…

A: Completed contract method:- In this method of revenue recognition, revenue  and cost does not get…

Q: Calculate the future value of an ordinary annuity consisting of annually payments of $1,500 for 6…

A: An ordinary annuity is that annuity in which payments are made at the end of each period.

Q: Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $130/month…

A: Annuity payment = $130No of years = 11 years or 11 * 12 = 132 monthsInterest rate = i = 5% per year…

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: Present Value of annuity refers to the present value of all the future payments of and series of…

Q: future value and the present value of an annuity of 15,000 payable at the end of every three months…

A: Given information : Annuity  $    15,000.00 Total payments 30 First payment due 7 Interest…

Q: Prepare a time diagram for the present value of a four-year annuity due of $200. Assume an interest…

A:

Q: Perit Industries has $115,000 to invest. The company is trying to decide between two alternative…

A: Net Present Value Is The Difference Between The Present Value Of Annual Cash Flows And Present Value…

Q: Find the amount of an annuity that consists of 20 quarterly payments of $700 each into an account…

A: The future value function or concept can be used to determine the future value of a present sum or…

Q: What is the present value of an annuity that pays $58 per year for 13 years and an additional $1,000…

A: We can make use of the financial calculator to obtain the present value, PV. Inputs: I/Y = rate =…

Q: calculate the future value of an annual annuity of $5,000, beginning today and continuing for 10…

A: Future value is an estimate of future cash flows ​​that may be received at a future date, discounted…

Q: Find the future value of a 6-year annuity due with payments of $4,300 and an annually compounded…

A: An annuity is a contract that pays a periodic sum for a predetermined period for a lump-sum amount…

Q: The future value is $ (Round to the nearest cent.)

A: Information Provided: Year of payments = 10 Payments = $33,000 Interest rate = 4%

Q: Find the future value of a 6-year annuity due with payments of $2,050 and an annual compound…

A: The amount that a present investment will gain in value over time when kept in a compound interest…

Q: dymer increase by 2% for the next year. Find the present value of this annuity if the initial…

A: The present value of annuity includes the value of annuities discounted at the rate of interest rate…

Q: Find the future value of a 10-year annuity due with payments of $2,250 and an annually compounded…

A: The amount that a present investment will gain in value over time when kept in a compound interest…

Q: Find the present value of the ordinary annuity. (Round your $1200/semiannual period for 9 years at…

A: An ordinary annuity is a series of equal cash flows or payments received or paid at the end of each…

Q: Find the future value of a 15-year annuity due with payments of $2,700 and an annual compound…

A: To Find: Future Value

Q: Find the future value of a 12-year annuity due with payments of $3,000 and an annually compounded…

A: The future value of an annuity due is the value of a series of equal payments made at the beginning…

Q: Find the future value of a 6-year annuity due with payments of $1,400 and an annually compounded…

A: The future value represents the value of an investment in the future after considering the effect of…

Q: What must YOU invest today to receive an annuity of $4,500 for 10 years compounded at 8% quarterly…

A: PV of Annuity =P1-1(1+r)n r Where PV = Present Value r  = rate of interest n = Number of Period P =…

Q: Calculate the present value of an annuity with monthly deposits of $2,000 at 5% for 20 years.…

A: Monthly deposits (M) = $2000 Interest rate (r) = 5% per annum = 0.4167% per month n = 20 years = 240…

Q: You purchase a 10-year annuity that pays you \$ 30000 / v * ear . The first payment will begin in…

A:

Q: Consider a perpetuity that pays 100 at the end of each year for the first 10 years and 50 at the end…

A: Perpetuity is series of cash flows which happens at a periodic interval till perpetuity

Q: Find the present value of a fifteen year ordinary annuity that pays $1,340 monthly if the interest…

A: The PV of the annuity is the present worth of the constant amount that has to paid or received in…

Q: In the following ordinary annuity, the interest is compounded with each payment, and the payment is…

A: In this we need to find out monthly payment required for sinking fund.

Q: Find the future value of a 15-year annuity due with payments of $2,350 and an annual compound…

A: Future value refers to the accumulated sum based on a current deposit. If deposits are made…

Q: Find the future value of the following annuity due. Payments of $900 for 2 years at 4% compounded…

A: Annuity Due Periodic Payment = 900 N = 2 Nominal Rate of return = 4% Compounding periods = 2

Q: Find the future value of an annuity of P5,750 payable at the end of each quarter for 8 years if the…

A: Solution Annuity 5750 Period 8 years Number of annuity period =8*4 =32 Rate of…

Q: Find the monthly payment that will yield the given future value: $250,000 @ 10.5% interest for…

A: Introduction: Annuity can be defined as the set of payments made at equal intervals. Annuity due…

Q: Find the future value of an ordinary annuity with a $260 monthly payment at 8 1/4% interest for 15…

A: Interest rate = 8 1/4% Interest rate = 8%+0.25% = 8.25% ------------------------------ Monthly…

Q: Find the present value of an annuity with monthly payments of $8,333.33, at an interest rate of 5.5%…

A: Present value of annuity cash flow = whereA = Periodical cash flow = monthly payment = $8,333.33i =…

Q: Find the future value of an ordinary annuity of $300 paid quarterly for 8 years, if the interest…

A: Solution: Future value of annuity is the future value of a series of payments of equal amount at…

Q: Find the future value of a 6-year annuity due with payments of $1,800 and an annually compounded…

A: Annuity due is a type of annuity in which the payments will be accruing at the beginning of the…

Q: Calculate the present value of a 30-year annuity with annual payments which pays an initial payment…

A: Computation:

Q: Find the future value of an annuity of $1500 paid at the end of each year for 10 years, if interest…

A: Calculation of future value of annuity: Answer: Future value of annuity is $20,724.67

Q: Find the future value of annuity due with a $150 monthly payment at 6 1⁄4 % interest after thirteen…

A: An annuity is a stream of cash flows that are regularly paid to an individual at regular intervals…

Q: Determine the present value of an annuity due of $5,000 per year for 15 years discounted back to the…

A: Using excel PV function

Q: Find the future value of an ordinary annuity of 560 paid at the end of each quarter for 2 years, if…

A: We need to use future value of ordinary annuity formula to calculate the future value after 2 years.…

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.