Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $150/month for 12 years at 3%/year compounded monthly $

Q: Find the vale of the annuity and the interest. $150 at the end of every 6 months? 6.5 % Compounded…

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Q: Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…

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Q: Find the future value of an ordinary annuity of $60 paid quarterly for 5 years, if the interest rate…

A: Since we know that Future value  of annuity is given as FV = P[ (1+r)n - 1 ]/r Where  P = Quarterly…

Q: Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…

A: Consider the given values. d=$200 n=12 r=0.07 t=20 years Annuity formula is defined as.…

Q: Find the present value of the given annuity. 341 per month for 48  months at the rate of 3.6…

A: Present value of an annuity is given by the formula: PV=ar1-1(1+r)n where: a : Annuity.r : Interest…

Q: A $ 100 deposit is made into a college fund at the beginning of each month for 10 years. The fund…

A: Consider the given information. The deposit amount is $100. The rate is 9% and the time is 10 years.…

Q: Find the amount necessary to fund the given withdrawals. Monthly withdrawals of $550 for 7 years;…

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Q: Find the future value of an annuity due of $400 each quarter for  8  1 2  years at 11%, compounded…

A: Given: Find the future value of an annuity due of $400 each quarter for 812 years at 11%, compounded…

Q: Find the compound amount for the deposit. Round to the nearest cent. $15,000 at 3% compounded…

A: From the given information, it is observed that,

Q: John and Rosamond want to retire in 5 years and can save $170 every three months. They plan to…

A: The annuity formula is given by  A=m1+rnnt-1rn where r is the rate of interest  n is the number of…

Q: Suppose that you borrow $10,000 for four years at 8% toward the purchase of a car. Find the monthly…

A: Given:  you borrow $10,000 for four years at 8% toward the purchase of a car To determine; The…

Q: Find the compound amount for the deposit. Round to the nearest cent. $20,000 at 6% compounded…

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Q: Find the compound interest earned by the deposit. Round to the nearest cent. $4000 at 4% compounded…

A: Given:

Q: Find the present value of an ordinary annuity with deposits of $7,896 quarterly for 5 years at 9.2%…

A: Given that: PrincipalP=$7896,Interest rater=9.2%=0.092,Timet=5years,Number of time in…

Q: if you borrow $1200 at an add on rate of 5% for 4 years how much is the monthly payment

A: Given that: Principle(P) is $1200, rate of interest(r) is 5% and time(t) is 4 years. The amount can…

Q: -. Find the future value of an annuity of $5000 paid at the end of each year for 10 years, if it…

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Q: Find the future value and interest of $10,000 at 6.3% compounded annually for 20 years. A. Future…

A: This question belongs to compound interest. We have to find amount and interest.

Q: Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.)…

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Q: You would like to have $25,000 set aside for your child’s college fund in 12 years by making…

A: You would like to have $25,000 set aside for your child’s college fund in 12 years by making…

Q: Find the amount necessary to fund the given withdrawals. Yearly withdrawals of $1200 for 12 years;…

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