Find the periodic payment for the following annuity due.FuturePresentValueValue$12,600PaymentPeriod1 monthTerm7 yearsCITInterestRate9%ConversionPeriodsemi-annuallyThe periodic payment is $(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)

Present value (PV) = $12,600 Monthly period (p) = 84 (i.e. 7 years * 12) Semiannual interest rate =…

Find the periodic payment for the following annuity due. Future Value Present Value $12,600 Payment Period 1 month Term 7 years Interest Rate 9% CITED Conversion Period semi-annually The periodic payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Find the periodic payment for the following annuity due. Future Value Present Value $12,600 Payment Period 1 month Term 7 years Interest Rate 9% CITED Conversion Period semi-annually The periodic payment 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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Question

Find the periodic payment for the following annuity due.
Future
Present
Value
Value
$12,600
Payment
Period
1 month
Term
7 years
CIT
Interest
Rate
9%
Conversion
Period
semi-annually
The periodic payment 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 future value of the following ordinary annuity. Periodic Payment Interval Term Interest Rate Conversion Payment Period $1700 6 months 17 years 2% annually The future value is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Find the present value of the following deferred annuity due. Periodic Made Payment Period of Deferment Payment At: Period $800 beginning 3 months 8 years Term 6 years Interest Rate 6% Conversion Period monthly The present value of the deferred annuity due is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Use Table 12-1 to calculate the future value (in $) of the annuity due. (Round your answer to the nearest cent.) Annuity Payment Time Nominal Interest Future Value Payment Frequency Rate (%) Compounded Period (years) of the Annuity $40 every month monthly $ 2960.67
Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $1,700 is deposited quarterly for 20 years at 7% per year
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.
Use Table 12-1 to calculate the future value (in $) of the annuity due. (Round your answer to the nearest cent.) Nominal Annuity Payment Time Future Value Payment Frequency Interest Period (years) Rate (%) Compounded of the Annuity $800 every 6 months 12 10 semiannually $ %24
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 6.1% for 9 years
Periodic Payment Find the present value of the following ordinary simple annuity. Payment Interval Conversion Term $75 1 month 19 years, 7 months Interest Rate 7.5% Period monthly
Determine the amount of the ordinary annuity at the end of the given period. (Round your final answer to two decimal places.) $800 deposited semiannually at 6.6% for 10 years.
Using the annuity table, complete the following. (Use Table 13.2.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Payment amount end of each period 1,450 Frequency of payment - Annually Length of time 7 years Interest rate 9 % PV of Annuity
Find the future value of the following ordinary annuity. Periodic Payment Payment Interval Term Interest Rate Conversion Period $3440 1 year 4 years 12% semi-annually
TABLE 13.2 Present value of an annuity of $1 ½% 8% 1% 0.9901 2% 0.9804 3% 0.9709 4% 0.9615 5% 0.9524 1.8594 6% 7% 0.9434 0.9346 0.9259 9% 10% 11% 12% 0.9174 0.9091 0.9009 0.8929 0.9950 1.9851 1.9704 1.9416 1.9135 1.8861 2.9702 2.9410 2.8839 2.8286 2.7751 2.7232 3.9505 3.9020 3.8077 3.7171 3.6299 3.5459 1.7591 1.7355 1.7125 1.6901 2.5313 2.4869 2.4437 2.4018 3.2397 3.1699 3.1024 3.0373 3.8897 3.7908 3.6959 3.6048 4.4859 4.3553 4.2305 4.1114 4.9259 4.8534 4.7134 4.5797 4.4518 1.8334 1.8080 1.7833 2.6730 2.6243 2.5771 3.4651 3.3872 3.3121 4.1002 3.9927 4.6229 5.2064 5.7466 4.3295 4.2124 5.8964 5.7955 5.6014 5.4172 5.2421 5.0757 4.9173 4.7665 6.8621 6.7282 6.4720 6.2303 6.0021 5.7864 5.5824 5.3893 5.0330 4.8684 7.8230 7.6517 7.3255 7.0197 6.7327 6.4632 6.2098 5.9713 8.7791 8.5660 8.1622 7.7861 7.4353 7.1078 6.8017 6.5152 6.2469 4.7122 4.5638 5.5348 5.3349 5.1461 4.9676 5.9952 5.7590 5.5370 5.3282 6.4177 6.1446 5.8892 5.6502 6.8052 7.1607 8.9826 8.5302 8.1109 7.7217 7.3601 7.0236 6.7101…

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