Find the interest rate of annuity compounded quarterly on 9,500 whose periodic deposit is 300 every end of three months for 6 years and 9 months.
Q: the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…
A: Future value is the amount that is being deposited over the period and also compounding interest…
Q: Find the interest rate compounded quarterly on 9,500 whose periodic deposit is 300 every end of…
A: Total amount is 9500 Deposit per quater is 300 Time period is 6 years and 9 months To Find:…
Q: If $417.00 is deposited at the end of each year for 6 years into an ordinary annuity earning 4.08%…
A: Here, Yearly Deposit is $417.00 Time Period is 6 years Interest Rate is 4.08% Compounding Period is…
Q: Find the amount and present value of an annuity of 540 payable every end of the month at 7%…
A: Annuity payments are a series of regular payments that an investor makes into an investment account…
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 amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…
A: Information Provided: Monthly deposits = $400 Term = 10 years Interest rate = 3%
Q: Find the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals…
A: Given: Future value = $400,000 Interest rate = 6% Years = 18
Q: Find the future value of the annuity due. Assume that interest is compounded annually, unless…
A: Annuity refers to a series of regular cash flows over a defined period. When the cash flows occur at…
Q: Find the present value of the ordinary annuity. Payments of $430 made annually for 13 years at 6%…
A: The time value of money (TVM) is an important concept in finance that reflects the idea that money…
Q: Find the present value of an ordinary annuity with payments of 13687 every 6 months for 3 years at…
A: The present value of annuity can be calculated with the concept of time value of money
Q: Find the amount accumulated FV
A: Future value is the value of today’s money at some future time period. It is calculated by using the…
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 value of the ordinary annuity at the end of the indicated time period. The payment are…
A: Annuity refers to a stream of constant cash flows occurring at fixed intervals like monthly,…
Q: Find the accumulated value of an annuity due of $500 payable at the beginning of every month for…
A: In annuity due, investments are made at the beginning of each period. Future value of annuity due…
Q: Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…
A: FV of annuity = P * [ (1+r)^n - 1 ] /r Where, P = Periodic payment i.e. $1700 n = no. of…
Q: Determine the amount of the ordinary annuity at the end of the given period. (Round your final…
A: When the payments are made at the end of each period it is ordinary annuity. It is usually made at…
Q: Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…
A: Future value of ordinary annuity formula is: C is periodic deposits r is periodic interest rate n…
Q: Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic…
A: FUTURE VALUE Future value is the value of an asset at a specific date. Future value is…
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: Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…
A: There are two types of annuities, i.e., ordinary annuity and annuity due. An ordinary annuity is a…
Q: Determine the amount of the ordinary annuity at the end of the given period. (Round your final…
A: The concept of time value of money will be used here. An ordinary annuity is that annuity in which…
Q: Find the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals…
A: GIVEN, PV= $300,000 R=6% N=11 M=12
Q: Determine the value of an ordinary annuity if $290 is deposited each month into an account earning…
A: In order to find the future value of an annuity, one can use excel and use FV function to determine…
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 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 accumulated value of an annuity due of $1500 payable at the beginning of every month for…
A: GivenP=$1500r=8%=0.0812n=9 years=9*12=108 monthswe have a…
Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…
A: Future value of annuity is the total amount of periodic series of deposits at a specified time in…
Q: Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…
A: Future value refers to the value of the current asset at some future date affected by interest rate,…
Q: In the following ordinary annuity, the interest is compounded with each payment, and the payment is…
A: The Future Value of the annuity is the total value of all the payments which is occurred regularly…
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- Find the accumulated value of an annuity due of $500 payable at the beginning of every month for nine years at 8% compounded monthly.Determine the value of an ordinary annuity if $290 is deposited each month into an account earning 4.5% interest compounded monthly for 15 years.Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic Deposit Rate Time $30 at the end of each month 5% compounded monthly 10 years
- Determine the amount of the ordinary annuity at the end of the given period. (Round your final answer to two decimal places.) $600 deposited quarterly at 6.8% for 10 years.Find the present value of an ordinary annuity with payments of 13687 every 6 months for 3 years at 7.6% compounded semiannually.If $417.00 is deposited at the end of each year for 6 years into an ordinary annuity earning 4.08% interest compound semiannually, construct a balance sheet showing the interest earning during each year and the balance at the end of each year. Assume this annuity rounds the interest and balance to the nearest penny at the end of each year.
- In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the accumulated amount of the annuity. (Round your answer to the nearest cent.) $2500 annually at 7% for 10 years.Find the term of the following ordinary general annuity. State your answer in years and months (from 0 to 11 months). Payment Interest Compounding Period Present Periodic Value Payment Interval Rate $9000 $245 month 6% annually The term of the annuity is year(s) and month(s).Find the term of the following ordinary general annuity. State your answer in years and months (from 0 to 11 months). Present Periodic Payment Interval Interest Compounding Value Payment Rate Period $13,500 $2500 six months 3.55% monthly ... The term of the annuity is year(s) and month(s).
- Find the term of the following ordinary general annuity. State your answer in years and months (from 0 to 11 months). Present Value Periodic Payment Payment Interval Interest Rate Compounding Period $14,500 $2300 six months 3.5% annually The term of the annuity is year(s) and month(s)?In the provided formulas, P is the deposit made at the end of each compounding period, r is the annual interest rate of the annuity in decimal form, n is the number of compounding periods per year, and A is the value of the annuity after t years. Periodic Deposit $1500 at the end of every three months Rate 7.25% compounded quarterly Time…In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period.Find the accumulated amount of the annuity. (Round your answer to the nearest cent.) $1000 monthly at 6.6% for 20 years.