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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityBob purchases an annuity that will pay him $10,000 a year for the next 15 years starting a year from now. Assuming a 5% annual interest rate, what is the value of this annuity? Choose the closes. a) $150,000 b) $103,797 c) $124,622 d) $77,217Karen deposits 300 each month into an annuity that pays 8% annual interest at the end of each year. How much money will she have in this account at the end of 4 years? (Future value of annuity due)
- Sara deposits $500 per month into an annuity. The annuity earns 5%.interest.compounded monthly. If she does this for 30 years, how much is in the annuity? Round to nearest whole dollar. S Enter a number, Submit AnswerBill Jones plans to deposit $2100 at the end of every 6 months for the next 20 years into an annuity that pays 6%. What will be the value of Bill's annuity at maturity?Khalil has decided to start an ordinary annuity.he plans to deposit $500 into this account each month at 2.4 % annual interest compounded monthly. How much will he have in this account in 20 years?
- The Martinez family wants to save money to travel the world. They purchase an annuity with a monthly payment of $38 that earns 4.6% interest, compounded monthly. Payments will be made at the end of each month. Find the total value of the annuity in 14 years.Cheryl is setting up a payout annuity with her bank. She wants to receive a payout of $1200 per month for 20 years. A. How much will she have to deposit if she earns 8% interest compounde monthly? B. What's the total she will receive from her payout annuity?11) Max purchases a lot for $300,000. Max will pay $25,000 dollars at the end of each year. the interest rate is 4% compounded annually, how many full payments must be made? a) what will be the size of the payment one year after the last full payment?
- The Ward family wants to save money to travel the world. They purchase an annuity with a quarterly payment of $181 that earns 4.7% interest, compounded quarterly. Payments will be made at the end of each quarter. Find the total value of the annuity in 11 years.Lydia deposits $900 at the end of each year for 9 years in a savings account. The account pays 8% interest, compounded annually. Lydia calculates that the future value of the ordinary annuity is $11,238.80. What would be the future value if deposits are made at the beginning of each period rather than the end?Uptown Insurance offers an annuity due with semiannual payments for 20 years at 6 percent interest. The annuity costs $200,000 today. What is the amount of each annuity payment?