Find the term of the following ordinary general annuity State your answer in years and months (from 0 to 11 months). Present Value $8700 Interest Rate Compounding Period 11% annually Periodic Payment $345 Payment Interval month. The term of the annuity is year(s) and month(s)

Q: College Tuition A couple wants to establish afund that will provide $3000 for tuition at theend of…

A: From given R=3000,i=0.04,n=8

Q: Find the future value of the ordinary annuity. Interest is compounded annually. R= 1000; =0.08; n=…

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Q: Find the payment made by the ordinary annuity with the given present value. $82,913; monthly…

A: The given present value is , monthly payment for years, and the interest is .To find the payment…

Q: What is an annuity? Write an expression for the amount Af of an annuity consisting of n regular…

A: Annuity is defined as the fixed amount of money paid at regular intervals.

Q: If $547.00 is deposited at the end of each year for 6 years into an ordinary annuity earning 5.47%…

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

A: Solution:

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

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Q: Find the future value of the following ordinary annuity. Payments are made and interest is…

A: R=$600 Interest compounded quarterly for 5 year

Q: Find the future value for the ordinary annuity with the given payment and interest rate. PMT=…

A: Given that,,  compounded monthly for  years.The aim is to find the future value of the ordinary…

Q: the value of the annuity. b. Find the interest.   Periodic Deposit Rate Time ​$7000 at the end of…

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Q: $350 is deposited at the end of each month for compounded monthly. What is the amount of the…

A: Introduction: The word "percentage" was derived from the Latin word "per centum," which means "by…

Q: Payment Amount Annual Interest           Years          interest Rate What is the value of the…

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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: Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of…

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Q: Annuity Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Present…

A: Given Information -  Annuity Payment = $1,200 Time Period = 10 years Nomial rate = 12% = 0.12…

Q: Find the future value for the ordinary annuity with the given payment and interest rate. PMT=$750;…

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Q: Number of Coffees Price of One Cup $4.20 Interest Rate for Annuity 3.6% Number of Years 13 Per Week

A: Image is attached with detailed solution.

Q: Find the future value of the following ordinary annuity. Payments are made and interest is…

A: Given, R=$1000, 7% interest compounded quarterly for 8 years

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

A: If 'm' amount deposit at a rate 'r' for time 't' year and the rate of increase compounded with…

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

A: Given: PMT=$2900, m=4, t=20 and r=2%=0.02. To find: Future value of an annuity.

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

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Q: Annuity Payment Payment Frequency Time Period (years) Nominal Rate

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Q: Determine the amount of the ordinary annuity at the end of the given period. (Round your final…

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Q: Use the ordinary annuity formula to determine the accumulated amount in the annuity. Periodic…

A: Given that, the deposit is periodic so the interest calculated at the end of the year (n=1). From…