Karen deposits 700 each month into an annuity that pays 12% annual interest at the end of each year. How much will she have in this account at the end of 2 years? FUTURE VALUE OF ANNUITY DUE.
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Karen deposits 700 each month into an annuity that pays 12% annual interest at the end of each year. How much will she have in this account at the end of 2 years? FUTURE VALUE OF ANNUITY DUE.
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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 annuityKaren 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)Aylene is preparing for an income fund for her retirement. She wants to receive 15,000 pesos quarterly for the next 25 years starting 1 month from now. The income fund pays 10.5% compounded monthly. How much Aylene deposit now to pay for the annuity?
- 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?To help out with her retirement savings, Kaitlin invests in an ordinary annuity that earns 4.8% interest, compounded monthly. Payments will be made at the end of each month. How much money does she need to pay into the annuity each month for the annuity to have a total value of $97,000 after 18 years?Find the future value of each using the future value of an ordinary annuity formula. Priscilla deposits $200 at the end of each month for seven years into a savings accountearning 5% compounded monthly. How much does she have in the account after seven years? Conniedeposits $2,000 at the end of eachyear into her Individual Retirement Account (IRA). It earns 8% compounded annually. How much will Connie have after twenty years? 13. David wants to retire in forty years. If he puts away $300per quarter, at the end of each quarter, into an account earning 5.5% compounded quarterly,how much will he have when he retires?
- Abby plans to deposit $100 at the end of every quarter for the next 10 years into an annuity that pays 6%. What will be the value of Abby's annuity at maturity?Siri plans to retire when her simple annuity savings account has enough money to receive 10000.00 per month for 20 years starting at the end of her first month after her retirement. she starts saving 4420.00 per month. Calculate when should Siri retire from today if her savings account pays 4.9% compounded monthly. Round to the nearest year.Aylene is preparing for an income fund for her retirement. She wants to receive 15,000 pesos quarterly for the next 25 years starting 1 month from now. The income fund pays 10.5% compounded monthly. How much Aylene deposit now to pay for the annuity? (Show solution)
- Your mother has an annuity that will give her monthly payments for 13 years. She tell you it is worth $121,294 today. If her required return is 9.91%, what is the monthly payment?Mr. Lucy can invest $150 per month in an annuity for 2 years. What interest rate must she invest at if the annuity is to be worth $5 000 at the end of the 2 years. Assume the interest is compounded monthly.Manuel is preparing for an income fund for his retirement. He wants to receive P 15 500 at the beginning of each month for the next 25 years. The income fund pays 10.5% per year compounded monthly. How much must Manuel deposit now to pay for the annuity?
