For the following ordinary annuity, determine the size of the periodic payment. Present Payment Period 1 month 9 years, 3 months 4.3% Conversion Period monthly Future Value Value Term of Annuity Interest Rate $12,700.00 The payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Q: In the following ordinary annuity, the interest is compounded with each payment, and the payment is…
A: Monthly deposit can be calculated using PMT function in excel. PMT(rate, nper, pv, [fv], [type])…
Q: Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity),…
A: The annuity refers to the series of cash flows that last for a limited period of time. The future…
Q: Identify the following types of Annuity from the options ( A to D) given below : Payments of $ at…
A: An annuity is a series of equal payments and receipts lasting for some specific period. The annuity…
Q: For the following ordinary annuity, determine the size of the periodic payment. Future Payment…
A: The PMT function is a type of financial function which helps to determine the total monthly payment…
Q: Find the term of the following ordinary general annuity. State your answer in years and months (from…
A: The concept of the time value of money states that the current worth of money is more than its value…
Q: ind the amount accumulated FV in the given annuity account.
A: find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…
Q: Find the difference between the sums of an annuity due and an ordinary annuity for the following…
A: An annuity is a series of cash flows wherein an equal amount is paid every period. An ordinary…
Q: Find the periodic payment for the following annuity due. Future Value Present Value $12,600 Payment…
A: Present value (PV) = $12,600 Monthly period (p) = 84 (i.e. 7 years * 12) Semiannual interest rate =…
Q: In the following ordinary annuity, the interest is compounded with each payment, and the payment is…
A: Time taken can be calculated using NPER function in excel. =NPER(rate,pmt,pv,[fv],[type]) Rate The…
Q: Find the present value of the following ordinary annuity. Periodic Payment Payment Interval Term…
A: Converting 7% compounding quarterly rate to effective rate Effective rate of interest = [(1+…
Q: For the following annuity due, determine the nominal annual rate of interest. Future Periodic Rent…
A: Solution:- When an equal amount is paid at the beginning of each period, it is called annuity due.…
Q: A daily perpetuity of $3.33 is to be valued when the effective annual rate of interest is 8.25%.…
A: Effective annual rate =8.25% or 0.0825 Daily rate =( 0.0825/365 ) Daily perpetuity = $ 3.33
Q: Use the ordinary annuity formula shown to the right to determine the accumulated amount in the…
A: Future Value of Ordinary Annuity refers to the concept which determines the sum total of all the…
Q: difference between the sums of an annuity due and an ordinary annuity
A: Annuity due means where payments are made at the beginning of each period. Ordinary annuity means…
Q: Determine the size of the periodic payment of the following ordinary general annuity Future Value…
A: The computation as follows:
Q: Calculate the future value of the following ordinary simple annuities. Round the answers to the…
A: Solution:- When an equal payment is made each period at end of period, it is called ordinary simple…
Q: Find the future value of the following ordinary simple annuity. Periodic Payment $377.00 Payment…
A: Quarterly payment (Q) = $377 Duration (n) = 7.25 years = 29 quarterly payments r = 11% per annum =…
Q: Find the term of the following ordinary general annuity. State your answer in years and months (from…
A: Future value of annuity = $18500 Annual payment (A) = $770 Compounding period is quarterly. Hence,…
Q: For the following ordinary annuity, determine the size of the periodic payment. Present Payment…
A: Future value (FV) = $14,900 Interest rate = 8.9% Quarterly interest rate (r) = 8.9%/4 = 2.225%…
Q: Find the term of the following ordinary general annuity. State your answer in years and months…
A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…
Q: You are given the following term structure of spot interest rates: Time (in years) Spot Interest…
A: Spot rate: It is the return on a bond that is earned when it is purchased and traded on secondary…
Q: . .. Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…
A: An Annuity is a continuous flow of systematic timely cash flows made or received for a stipulated…
Q: Iculate the term, expressed in years and months, for each of the following ordinary general…
A: The future value of annuity includes the amount being deposited and amount of interest being…
Q: Find the present value of the following ordinary simple annuity. Periodic Payment Interval…
A: Monthly payment (M) = $764 n = 8.25 years = 99 monthly payments r = 5% per annum = 0.41667% per…
Q: Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and…
A: Future value of ordinary annuity formula is: C is periodic deposits r is periodic interest rate n…
Q: In the following ordinary annuity, the interest is compounded with each payment, and the payment is…
A: In an ordinary annuity, the amount deposited every period at the end of regular intervals grows at…
Q: Find the term of the following ordinary general annuity. State your answer in years and months (from…
A: Annuity refers to series of annual payment which is paid or received at start or ending of specific…
Q: Find the value of the annuity and the interest. Round to the nearest dollar. A=P(1+r)t−1r…
A: The value of the annuity is the value of regular payments in the future at a given interest rate. An…
Q: Annuity Payment Annual Rate Interest Compounded Period Invested Future Value of Annuity 1.…
A: Future Value = Annuity Payments × [(1+r)n -1/ r]
Q: Find the term of the following ordinary general annuity. State your answer in years and months (from…
A: The time period or the number of years (NPER) refers to the time it would require for the investment…
Q: Find the difference between the sums of an annuity due and an ordinary annuity for the following…
A: Answer = P53,991 Solution: The Formula to calculate the future value of the annuity at the end of…
Q: How much interest is included in the future value of an ordinary simple annuity of $1,700 paid every…
A: Semiannual payment (S) = $1700 n = 5.5 years = 11 payments r = 12% per annum = 6% semiannually
Q: Find the future value of the following ordinary simple annuity. Periodic Payment $791.00 Payment…
A: Quarterly payment (P) = $791 Period = 3.25 Years Quarterly periods (n) = 3.25*4 = 13 Interest rate =…
Q: Find the term of the following ordinary general annuity. State your answer in years and months (from…
A: Present value (PV) = $10,300 Monthly payment (P) = $330 Interest rate = 3% Monthly interest rate (r)…
Q: Find the future value of an annuity due of $650 semiannually for four years at 8% annual interest…
A: annuity due is the series of payments made at the beginning of each period in the series, periods…
Q: For the following ordinary annuity, determine the size of the periodic payment Present Payment…
A: As per the given information: Present Value = $12,200 Interest rate = 8.8% compounded monthly Time…
Q: For the following ordinary annuity, determine the size of the periodic payment. Present Future Value…
A: Future value of annuity The future value of annuity refers to the total value of the investment at…
Q: An annuity-immediate has 21 payments of $800 per period. The effective rate of interest per period…
A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…
Q: Find the difference between the sums of annuity due and ordinary annuity for the following data…
A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…
Q: Find the term of the following ordinary general annuity. State your answer in years and months (from…
A: Present Value of Ordinary Annuity refers to a concept that determines the value of cash flows at…
Q: Compute the nominal annual rate of interest for the simple annuity due. Future value: - Present…
A: Calculation of Nominal Annual Rate of Interest:The Nominal Annual Rate of Interest can be calculated…
Q: Find the future value of the following ordinary annuity. Periodic Payment Interest Rate Payment…
A: The value of current payment or upcoming flow of payments at any future date when flow of payment…
Q: Find the value of the ordinary annuity at the end of the indicated time period. The payment R,…
A: The future value of an annuity is the future worth of a cash flow series at a certain rate of…
Q: What is the present value of a 9-year annuity of $4,000 per period in which payments come at the…
A: Present value is a concept which states that amount of money today is worth more than the amount to…
Q: Given the following situations. Illustrate and distinguish whether it is a simple annuity or a…
A: Simple annuities are annuities where the payments are made at the end of the period and the…
Q: Find the term of the ordinary annuity in years and months (from 0 to 11 months). Present Value…
A: Given: Present value = $9,500 Payment = $1,000 Payment interval = 6 n = 2 Rate of interest (r) =…
Step by step
Solved in 2 steps
- For the following ordinary annuity, determine the size of the periodic payment. Present Value Payment Period Term of Annuity Interest Rate $20,400.00 1 month 12 years, 6 months 7.2% Future Value Conversion Period monthly The payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)For the following ordinary annuity, determine the size of the periodic payment. Present Payment Period 1 quarter Conversion Future Value Value Term of Annuity Interest Rate 9 years Period $14,900.00 8.9% quarterly The periodic payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)Give typing answer with explanation and conclusion Determine the periodic payment for the following deferred annuity. The annuity is an ordinary annuity following the period of deferral. Deferral period Payment interval (months) Interest rate (%) Compounding frequency Term (years) Present value ($) 27 months 1 6.4 Quarterly 20 50,000.00
- For the following ordinary annuity, determine the size of the periodic payment Present Payment Period 1 month Conversion Future Value Value Term of Annuity Interest Rate 9 years, 9 months Period $12,200 00 88% monthly The payment is $ (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.)For the following ordinary annuity, determine the size of the periodic payment. Future Present Payment Period 12 months Conversion Value Value Term of Annuity Interest Rate 10 years Period $21,300.00 8.5% annually The payment is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
- For the following ordinary annuity, determine the size of the periodic payment. Present Future Value Value Payment Period $4,400.00 1 quarter Term of Annuity Interest Rate 16 years, 3 months Conversion Period 8.3% quarterly 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 present value of the following ordinary annuity. Periodic Payment Payment Interval Term Interest Rate Conversion Period $128.00 1 year 8 years 4% quarterly The present value is $ (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 ordinary simple annuity. Periodic Payment Interval 1 month Conversion Payment Term Interest Rate Period $764.00 8.25 years 5% monthly The present value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
- Complete the ordinary annuity. (Please use the following provided Table.) (Do not round intermediate calculations. Round your answer to the nearest cent.) amount of payment payment payable years interest rate value of annuity 12,700 semiannual 9 6%Find the term of the following ordinary general annuity. State your answer in years and months (from 0 to 11 months). Present Periodic Раyment Interest Compounding Value Рayment Interval Rate Period $13,500 $2500 six months 3.55% monthly The term of the annuity is year(s) and month(s).K For the following ordinary annuity, determine the size of the periodic payment. Present Future Value Value $16,800.00 Payment Period 3 months 18.25 years Term of Annuity Interest Rate 8.3% Conversion Period quarterly The periodic payment is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)