Find the future value of an annuity of $1500 paid at the end of each year for 10 years, if interest is earned at a rate of 7%, compounded annually

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: 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 an ordinary annuity of $700 paid at the end of each year for 6 years, if…

A: Future Value: It refers to the amount or future worth of an asset at a particular date in the…

Q: Find the future value of an annuity of $1300 paid at the end of each year for 15 years, if interest…

A: Annuity is the payment of fixed amount at the end(ordinary) or beginning(due) of a financial period…

Q: Find the present value of an annuity

A: Present value of annuity represents the current value of the future payments for an annuity. There…

Q: Suppose P1500 is deposited at the end of each year for the next 6 years in an account paying 8%…

A: Formula:  Periodic Deposit at the end of the Year,…

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 future value of an annuity of $1400 paid at the end of each year for 15 years, if interest…

A: Time value of money :— According to this concept, value of money in present day is greater than the…

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: Find out how much you should deposit now at 9% interest, compounded annually, to yield an annuity…

A: Present value = ( a / r) * { 1 - 1 / (1 + r ) ^ n }

Q: Find the future value of an ordinary annuity with a $260 monthly payment at 8 1/4 % interest for 10…

A: An annuity is a kind of deposit payment that an individual makes into an investment account or a…

Q: Determine the value of an ordinary annuity if $100 is deposited each month into an account earning…

A: Deposit amount (P) = $100 Monthly interest rate (r) = 0.041/12 = 0.00341666666666667 Monthly periods…

Q: Calculate the present value of a P20,000 annuity paying yearly for eight years, with the first…

A: Annual payment (A) = P 20000 n = 8 years r = 5%

Q: Use the appropriate formula to find how much you should deposit now at 7% interest, compounded…

A: Annual payment (C) = $1,250 Interest rate (r) = 0.07 period (n) = 15 Years Present value or amount…

Q: Find the monthly payment of the annuity, drawn at the beginning of the month that will yield a…

A: Formulas:

Q: Find the present value of the ordinary annuity with annual payment of $400 made at the start of each…

A: Ordinary annuity with annual payment of $ 400 made at the start of each year for 10 years with…

Q: Find the present value of the annuity that will pay $1,500 every 6 months for 9 years from an…

A: The Present Value (PV) of an annuity is the current value of a series of equal payments or deposits…

Q: Find the future value of an ordinary annuity of $80 paid at the end of each quarter for 5 years, if…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: Find the present value of an annuity with periodic payments of $2,000, for a period of 10 years at…

A: Periodic payment (P) = $ 2000 Period = 10 Years Number of semiannual periodic payments (n) = 10*2 =…

Q: Find the future value of an annuity of $1500 paid at the end of each year for 15 years, if interest…

A: Future value of annuity = P * [ (1+r)^n  - 1 ] /r  Where, P = Annuity amount i.e. 1500 r = rate of…

Q: Find the monthly payment that will yield a future value of $183,000 at 8 1⁄4 % interest for…

A: Future value refers to the value of inflows that is going to be receive in future on particular…

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.