For each of the following annuities, calculate the annuity payment. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.. 32.16. Annuity Payment Future Value S $ $ 24,050 950,000 760,000 130,000 Years 8 35 21 12 Interest Rate 4% 6

For each of the following annuities, calculate the annuity payment. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g.. 32.16. Annuity Payment Future Value S $ $ 24,050 950,000 760,000 130,000 Years 8 35 21 12 Interest Rate 4% 6

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

See similar textbooks

Related questions

Q: a. b. C. 11% 8% 8% Annual Rate 11 Number of Years Invested 8 16 Annually Number of Rents Involved…

A: Both future value of annuity and present value of annuity considers compounding in its calculation.…

Q: This problem demonstrates the dependence of an annuity's present value on the size of the periodic…

A: Present value is what a sum of money in the future is worth in today’s dollars at a rate of…

Q: For each of the following annuities, calculate the annuity payment. (Do not round intermediate…

A: An annuity is a series of constant payment of a sum, yielding a certain rate of return. In this…

Q: Find the future value and present value using the ordinary annuity and. No. Principal Rate Mode of…

A: 4. Calculate the future value of ordinary annuity (FVA) using the formula. Here, 'P' represents the…

Q: What is the PV of an ordinary annuity with 10 payments of $7,800 if the appropriate interest rate is…

A: Present value of ordinary annuity is computed as follows:-PV= A*wherePV= Present value of ordinary…

Q: What is the PV of an annuity due with 5 payments of $5,700 at an interest rate of 6.1%? a.…

A: The objective of the question is to calculate the present value (PV) of an annuity due. An annuity…

Q: 8. Ordinary annuity payment. Fill in the missing annuity values in the following table for an…

A: Ordinary annuity is a series of payments made at the end of each period at equal intervals of time.

Q: For each of the following annuities, calculate the future value. Note: Do not round intermediate…

A: Annual paymentYearsInterest Rate$1,520109%$6,5403410%$3,64097%$8,3303611%

Q: A perpetuity-due with annual payments of 100 has a duration of 26.88 years at an annual effective…

A: Annual payment = 100 Duration of perpetuity due = 26.88 i = Interest rate

Q: Computing Present Value of Annuity Payments Under Different Assumptions Compute the present value…

A: Present value of a stream of cash flow is calculated using the annuity formula. It could be end of…

Q: Use the following 8% interest factors 7 periods 8 periods 9 periods Present Value of Ordinary…

A: a . $319,099

Q: Use the following Annuity Table for question Future Value of Ordinary Annuity of 1 Period…

A: The question is based on the concept of Financial Accounting.

Q: The nominal annual rate of interest is compounded quarterly (Round to two decimal places as needed.)

A: The nominal annual rate of interest, also known as the nominal interest rate or stated interest…

Q: Solve for the unknown interest rate in each of the following: (De 2 decimal places.) Present Value…

A: The Time Value of Money is based on the principle that the value of money can change over time due…

Q: s: Solve edch fhe follOwing Find the present value and the amount of Future value of the general…

A: Present Value/Future Value: It is the current value of a future sum of money at a specified rate…

Q: If the payments "A" are made twice a year and interest is compounded annually for "n" years, name…

A: Annuity refers to periodic payments made at regular intervals. The amounts paid are equal in size.

Q: For each of the following annuities, calculate the annuity payment. Note: Do not round intermediate…

A: Future value is an estimate of future cash value that may be received at a future date, discounted…

Q: & Ordinary annuity payment Fill in the missing annuity values in the following table for an ordinary…

A: Annuity is the regular payment made from an investment for particular period at a specific interest…

Q: Use the following information for questions 1 through 6. On January 1, 2015, Yancey, Inc. signs…

A: A sales-type lease is a type of lease agreement that combines elements of both a sale and a lease.…

Q: Finance Question

A: Financial options are the financial derivatives that are used for risk management and mitigating the…

Q: Calculate the nominal rate for each of the following general ordinary annuities given the present or…

A: The present and future value of an annuity: When a fixed sum of money is received or paid at…

Q: Don't use chat gpt Don't use excel

A: Step 1: Given Value for Calculation Compound = Quarterly = 4Payment = p = $709Number of Payment = n…

Q: E Activity # 2 Find the future value and present value of the annuity due. No. Principal Rate Mode…

A: Given:

Q: Number of Payments or Years 4 22 32 11 Annual Interest Rate 4 7% 11% 9% 8% Future Value $0.00…

A: Present Value of Annuity = Annuity * (1 - (1 / (1 + Interest Rate)^time)) / Interest RateFuture…

Q: Suppose that a perpetual annuity has a present value of $33 million. What interest rate r would…

A: Present Value = $33,000,000 Annual Payout = $1,800,000

Q: ques 6

A: PV=Pr1−(1+r)−nP annual payment = $4500r discount rate per period = 0.16n number of periods = 14yrs

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

A: We use Pv function to calculate present value of annuity

Q: Suppose you are going to receive $13,900 per year for six years. The appropriate interest rate is…

A: We need to use present value of annuity formula annuity due and ordinary annuity to calculate…

Q: Find the present value of the following ordinary simple annuity. Payment Interval 3 months Periodic…

A: The PV of an investment refers to the combined value of the cash flows of the investment assuming…

Q: Use Table 12-2 to calculate the present value (in $) of the annuity due. (Round your answer to the…

A: Present value is the estimation of the current value of future cash value which is likely to be…

Q: Complete the information below using Ordinary Simple Annuity. R= P4,120 An = Sn = t = m = 12 i =…

A: Ordinary annuity is regular payments towards an investment or towards loan repayment or any other…

Q: Find the future value and present value using the ordinary annuity and. No. Principal Rate Mode of…

A: An ordinary annuity is a series of regular payments paid at the end of each period, such as monthly…

Q: what is the future value of a single payment of $10,000 after 4 pay periods using an interest rage…

A: Future value is the value of an investment or cash flow at a specified time in the future, based on…

Q: Calculating Annuity Values For each of the following annuities, calculate the present value. Annuity…

A: Annuity is the sequence of equal amount of payments made at regular time gaps for a specified period…

Q: On January 1, 2015, Yancey, Inc. signs a 10-year noncancelable lease agreement to lease a storage…

A: The concepts and standards of lease accounting specify how businesses must record and disclose…

Q: i need answer typing clear urjent no chatgpt if the future value of an ordinary eight year annuity…

A: A financial concept known as the time value of money asserts that a sum of money now is worth more…

Q: For each of the following, compute the present value: (Do not round inte calculations and round your…

A: The PV of an investment refers to its cumulative value after discounting the cash flows to the…

Q: For each of the following, compute the present value: Note: Do not round intermediate calculations…

A: The present value (PV) formula calculates the current value of a future amount of money, accounting…

Q: What is the PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is…

A: Present value is the current price of future value at specified rate of interest which is received…

Q: Determine the monthly payment for the installment loan. Use the installment payment formula m = 1-…

A: Given , Amount of financed , P = $1440Annual percentage rate , r = 8%No.of payments per year , n =…

Q: Q19 Compute the present value of an $1,450 payment made in 10 years when the discount rate is 12…

A: Solution:- When an amount is invested somewhere, it earns interest on it. The payment initially made…

Q: Calculate the nominal rate for each of the following general ordinary annuities given the present or…

A: We need to use RATE function in excel to calculate nominal rate of return. The formula is…

Q: Number of Annual Payments or Years Interest Rate Present Value Annuity Future Value 6. 10% $183.67…

A: An annuity is a contract between you and an insurance company in which you make a lump-sum payment…

Q: Use a calculator to evaluate an ordinary annuity formula (1 + ²)²² - A = m A = $ 1 for m, r, and t…

A: Monthly payments = $100Interest rate = 6%Number of years = 11To evaluate: Ordinary annuity formula.

Q: a. Calculate the present value of the annuity assuming that it is (1) An ordinary annuity, b.…

A: Annuity refers to a constant and fixed stream of payments or cash flows. In case of ordinary annuity…

Q: Using the annuity table, complete the following. (Use Table 13.2.) (Do not round intermediate…

A: Given information Payment = $1,450 Interest rate = 9% Period = 7 years Present value (PV) of…

Question

For each of the following annuities, calculate the annuity payment.
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.
Annuity Payment
Future Value
S
$
S
$
24,050
950,000
760,000
130,000
Years
8
35
21
12
Interest Rate
4%
6
7
3

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Meaning of Annuity Payment:

VIEW

Step 2: Calculation of annuity payment:

VIEW

Step 3: Result for the above Excel formulas:

VIEW

Solution

VIEW

Step by step

Solved in 4 steps with 2 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

What is the PV of an ordinary annuity with 5 payments of $4,700 if the appropriate interest rate is 4.5%? Group of answer choices $16,806 $17,690 $18,621 $19,601 $20,633
Find the amount of an ordinary annuity of 20 semi-annual payments of P1, 000 if interest rate is 12% compounded semi-annually. A P36,785.59 (в) Р 38, 678.15 Р33,567.21 D P15,257.90
Mallings Review View Help e Search AaBbCcDd AaBbCcDd AaBbC AaBb AaBbCcD 三加三三、、田、 1 Normal 1 No Spac. Heading 1 Heading 2 Heading 3 Paragraph Styles 1) 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.) $2,800 is deposited quarterly for 20 years at 5% per year FV = $ 梦 0 93
answer with working , explanation , formula answer in text
Use the table below to answer the following questions: Present Value of an Annuity of 1 Future Value of an Annuity of 1 Period 4% 5% 8% 10% 4% 5% 8% 10% 4 3.6299 3.5460 3.3121 3.1699 4.2465 4.3101 4.5061 4.6410 5 4.4518 4.3295 3.9927 3.7908 5.4163 5.5256 5.8666 6.1051 6 5.2421 5.0757 4.6229 4.3553 6.6330 6.8019 7.3359 7.7156 7 6.0021 5.7864 5.2064 4.8684 7.8983 8.1420 8.9228 9.4872 8 6.7327 6.4632 5.7466 5.3349 9.2142 9.5491 10.6366 11.4359 9 7.4353 7.1078 6.2469 5.7590 10.5828 11.0266 12.4876 13.5795 10 8.1109 7.7217 6.7101 6.1446 12.0061 12.5779 14.4866 15.9374 11 8.7605 8.3064 7.1390 6.4951 13.4864 14.2068 16.6455 18.5312 Bobby receives alimony payments every 6 months and the next payment is tomorrow. Median homes go for $950,000 and he wants to save $190,000 in 4 years. How much money should Bobby put away into an investment each time he receives alimony payments if he can get a 8% return a year? Group of answer choices…
Use the following Annuity Table for question Future Value of Ordinary Annuity of 1 Period 5% 6% 8% 10% 12% 1 1.00000 1.00000 1.00000 1.00000 1.00000 2 2.005000 2.06000 2.08000 2.10000 2.12000 3 3.15250 3.18360 3.24640 3.31000 3.37440 4 4.31013 4.37462 4.50611 4.64100 4.77933 5 5.52563 5.63709 5.86660 6.10510 6.35285 6 6.80191 6.97532 7.33592 7.71561 8.11519 7 8.14201 8.39384 8.92280 9.48717 10.08901 8 9.54911 9.89747 10.63663 11.43589 12.29969 9 11.02656 11.49132 12.48756 13.57948 14.77566 10 12.57789 13.18079 14.48656 15.93743 17.54874 Present Value of an Ordinary Annuity of 1 Period 5% 6% 8% 10% 12% 1 .95238 .94340 .92593 .90909 .89286 2 1.85941 1.83339 1.78326 1.73554 1.69005 3 2.72325 2.67301…
Q3 If the present value of an ordinary, 8-year annuity is $6,100 and interest rates are 8.0 percent, what’s the present value of the same annuity due? (Round your answer to 2 decimal places.) PRESENT VALUE
what is the time zero or right now value of $400 ordinary perpetuity an interest rate of 7.5%
Pls help on this question ASAP. Pls do the whole question pls pls pls pls pls i beg.
Find the amount of an ordinary annuity of 20 semi-annual payments of P1, 000 if interest rate is 12% compounded semi-annually. A P15,257.90 в Р33,567.21 СР 38, 678.15 D P36,785.59
What is the PV of an ordinary annuity with 10 payments of $6,600 if the appropriate interest rate is 5.5%? Select the correct answer. a. $49,766.03 b. $49,754.23 c. $49,771.93 d. $49,760.13 e. $49,748.33
Use the following Annuity Table for questions 1 through 6. Future Value of Ordinary Annuity of 1 Period 5% 6% 8% 10% 12% 11.000001.000001.000001.000001.00000 22.050002.060002.080002.100002.12000 33.152503.183603.246403.310003.37440 44.310134.374624.506114.641004.77933 55.525635.637095.866606.105106.35285 66.801916.975327.335927.715618.11519 78.142018.393848.922809.4871710.08901 89.549119.8974710.6366311.4358912.29969 911.0265611.4913212.4875613.5794814.77566 1012.5778913.1807914.4865615.9374317.54874 Present Value of an Ordinary Annuity of 1 Period 5% 6% 8% 10% 12% 1.95238.94340.92593.90909.89286 21.859411.833391.783261.735541.69005 32.723252.673012.577102.486852.40183 43.545953.465113.312133.169863.03735 54.329484.212363.992713.790793.60478 65.075694.917324.622884.355264.11141 75.786375.582385.206374.868424.56376 86.463216.209795.746645.334934.96764 97.107826.801696.246895.759025.32825 107.721737.360096.710086.144575.65022 Use the following…

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS