Hello:  Need help understanding how to calculate this annuity due. When I plug in my numbers for FV in excel I get an astronomical number: Values using below:  RATE: 0.55 PMT: -150 NPER: 40 PV = 0  TYPE 1    Starting today, Alicia is going to contribute $100 a month to her retirement account. Her employer matches her contribution by 50 percent. If these contributions remain constant, and she earns a monthly rate of 0.55 percent, how much will her savings be worth 40 years from now?

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A: We can determine the accumulated value in his retirement account using the formula below:In the…

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Q: help

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A: present value of annuity we need to calculate  pv = 15000[1/0.05 - 1/0.05(1+0.05)40]       =…

Q: Please show all steps on how to solve this problem. Your new boss doesn’t have a pension or 401(k)…

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A: Future value of annuity is the future value of all the stream of cash flows.

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Q: Your friend Anne is planning to invest $700 each year for four years and will earn a rate of 6…

A: Given information, Annuity Amount = $700 Time Period = 4 years  Interest rate per year = 6%

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

A: Here, Annuity (PMT) = $165 Annual Interest rate  = 7 1/8% = 7.125% Monthly interest rate (r) =…

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Q: Required information Assume that 25 years ago your dad invested $260.000. plus $35,000 in years 2…

A: Let the deposits in year n be Dn. D1 = $260000 D2 to D5 = $35000 D6 to D25 = $43000 r = 15%

Q: Shelby purchases a retirement annuity that will pay her $3,000 at the end of every six months for…

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Q: he loan is 10 y onthly frequen

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Q: What type of annuity is this?

A: Information Provided: Annuity value = $3700 Interest rate = 3.62% compounded semi-annually Years =…

Q: (Refer to this word problem In order to plan for their retirement, a married couple decides to…

A: Future Value: The future value is the amount that will be received at the end of a certain period.…

Q: A student wants to save for her retirement. At the end of every year, she deposits 475 in a…

A: Annual Deposit = a = 475Rate of Return = r = 4.3%Time = t = 30 Years

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Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.