Find the present value of the ordinary annuity. 40) Payments of $450 made annually for 13 years at 6% compounded annually B) $3983.72 C) $4182.75 A) $3982.28 D) $3772.71

Q: 19) Suppose you purchase a car and you are going to finance $16,000 for 36 months at an APR of 5.1%…

A: Given that, Suppose you purchase a car and you are going to finance $16,000 for 36 months at an APR…

Q: The amount of $200 is deposited at the end of every six months into a savings account that pays 3%…

A: Given A=$200 n=5 years=10 half years Interest rate is 3% compounded semi annually. then i=32=1.5%…

Q: Sandra wants to have $10 000 in 3 years, when she begins college. She can invest her money at 5.5%…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: 2. Determine the interest earned by an ordinary simple annuity of $1400 deposited each quarter for 9…

A: The amount deposited in each quarter(P)=$1400Time(n)=9 yearsRate=16.6The total amount after 9…

Q: Compute the accumulated value after 10 years of an annuity immediate that makes quarterly payments…

A: We have to find accumulated value of given annuity immediate. Formula required:  For annuity…

Q: A $35 000 loan for a recreational boat is charged 2.3%/a compounded monthly. It is to be paid off…

A: PMT=PV×i×(1+i)n(1+i)n-1where,PV is the loan amount, PMT is the monthly payment, i is the interest…

Q: Use the ordinary annuity formula     Periodic Deposit ​$6000 at the end of each year Rate 5%…

A: The present value of the ordinary annuity is, Thus, the present value of the ordinary annuity is…

Q: Find the payment necessary to amortize a 4% loan of $1800 compounded quarterly, with 19 quarterly…

A:

Q: Find the present value of an ordinary annuity with deposits of $15,590 every 6 months for 3 years at…

A:

Q: Find the present value of an ordinary annuity with deposits of $22,325 quarterly for 5 years at 7.6%…

A:

Q: Use a calculator to evaluate an ordinary annuity formula nt - 1 A = m for m, r, and t…

A: The given formula for ordinary annuity is A=m1+rnnt-1rn. The given values are m=$100, r=4%=0.004,…

Q: If you take out a $99,000 30-year mortgage at 7.1% compounded monthly: a. What is your Monthly…

A: We are interesting in finding the monthly payment for a  $99,000 mortgage at 7.1 % for 30-year . Use…

Q: Suppose a man can afford monthly car payments of $380 per month, and his bank is offering a…

A:

Q: Erica and Guadalupe plan to purchase a home for $241,000. They will pay 20% down and finance the…

A:

Q: Use the appropriate formula to find how much you should deposit now at 6% interest, compounded…

A: Present value of an annuity is given by: Where, P = periodic payment r = rate per period n = number…