Find the future value of the following ordinary simple annuity Payment Interval 1 month Periodic Payment $325 00 Term 10 75 years Interest Rate 5% Conversion Period monthly The future value is (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)

Find the future value of the following ordinary simple annuity Payment Interval 1 month Periodic Payment $325 00 Term 10 75 years Interest Rate 5% Conversion Period monthly The future value is (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)

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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Similar questions

calculate the future value (in $) of the annuity due. (Round your answer to the nearest cent.) AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Future Valueof the Annuity $80 every month 2 1 2 6 monthly $
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For the following ordinary annuity, determine the size of the periodic payment Present Payment Period 1 month Conversion Future Value Value Term of Annuity Interest Rate 9 years, 9 months Period $12,200 00 88% monthly The payment is $ (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed.)
solve correctly show all steps neatly
What's the present value of a $890 annuity payment over six years if interest rates are 10 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value
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Find the present value of the following perpetuity. Made At: beginning Perpetuity Payment $380 Payment Period 1 month Interest Rate 9.9% Conversion Period annually Find the present value. Do not approximate the answer. The present value is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.)$ Amount of Deposit m Frequency n Rate r Time t $900 annually 1% 20 yr
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. Find the future value of the following ordinary annuity. Periodic Payment - 1775 Payment Interval - 1 month Term -11 years Interest Rate - 8% Conversion Period - semi- annually The future value is $ ______?

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