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Ordinary annuity payment. Fill in the missing annuity in the following table for an ordinary annuity stream: E Number of Annual Annuity Present Value Payments or Years Future Value Interest Rate $0.00 $O (Round to the nearest cent.) $21,000.00 7 5% 20 7% $21,000.00 (Round to the nearest cent.) $0.00 30 4% $0.00 %24 (Round to the nearest cent.) $240,000.00 10 11% $97,219.23 (Round to the nearest cent.) $0.00

Ordinary annuity payment. Fill in the missing annuity in the following table for an ordinary annuity stream: E Number of Annual Annuity Present Value Payments or Years Future Value Interest Rate $0.00 $O (Round to the nearest cent.) $21,000.00 7 5% 20 7% $21,000.00 (Round to the nearest cent.) $0.00 30 4% $0.00 %24 (Round to the nearest cent.) $240,000.00 10 11% $97,219.23 (Round to the nearest cent.) $0.00

Essentials Of Investments
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
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**Ordinary Annuity Payment** The table below requires you to fill in the missing annuity for an ordinary annuity stream. Use the given values for calculations where necessary. | Number of Payments or Years | Annual Interest Rate | Future Value | Annuity | Present Value | |-----------------------------|----------------------|--------------|---------|---------------| | 7 | 5% | $0.00 | $______ | $21,000.00 | | 20 | 7% | $21,000.00 | $______ | $0.00 | | 30 | 4% | $0.00 | $______ | $240,000.00 | | 10 | 11% | $97,219.23 | $______ | $0.00 | **Instructions:** - Calculate the annuity for each row. - Round the annuity to the nearest cent as specified. This exercise helps in understanding annuity calculations with given interest rates, time periods, future values, and present values.
Transcribed Image Text:**Ordinary Annuity Payment** The table below requires you to fill in the missing annuity for an ordinary annuity stream. Use the given values for calculations where necessary. | Number of Payments or Years | Annual Interest Rate | Future Value | Annuity | Present Value | |-----------------------------|----------------------|--------------|---------|---------------| | 7 | 5% | $0.00 | $______ | $21,000.00 | | 20 | 7% | $21,000.00 | $______ | $0.00 | | 30 | 4% | $0.00 | $______ | $240,000.00 | | 10 | 11% | $97,219.23 | $______ | $0.00 | **Instructions:** - Calculate the annuity for each row. - Round the annuity to the nearest cent as specified. This exercise helps in understanding annuity calculations with given interest rates, time periods, future values, and present values.
**Data Table** This table provides financial data that can be used to understand the relationship between several financial factors over a period of time. The table is organized into five columns: 1. **Number of Payments or Years**: This column lists the duration expressed in either payments or years. 2. **Annual Interest Rate**: This column provides the interest rate applied annually. 3. **Future Value**: This column shows the value of an investment at a specified time in the future, given the annual interest rate. 4. **Annuity**: This column is intended for the annuity value, but the entries are currently marked with a question mark, indicating missing data. 5. **Present Value**: This column lists the current value of a future amount of money or stream of cash flows given a specified rate of return. **Details of Each Row:** - **Row 1**: - Number of Payments or Years: 7 - Annual Interest Rate: 5% - Future Value: $0.00 - Present Value: $21,000.00 - **Row 2**: - Number of Payments or Years: 20 - Annual Interest Rate: 7% - Future Value: $21,000.00 - Present Value: $0.00 - **Row 3**: - Number of Payments or Years: 30 - Annual Interest Rate: 4% - Future Value: $0.00 - Present Value: $240,000.00 - **Row 4**: - Number of Payments or Years: 10 - Annual Interest Rate: 11% - Future Value: $97,219.23 - Present Value: $0.00 The annuity values are not listed and would typically be calculated based on the other data provided. This table can be easily copied to a spreadsheet by clicking on the specified icon, facilitating financial calculations and analysis.
Transcribed Image Text:**Data Table** This table provides financial data that can be used to understand the relationship between several financial factors over a period of time. The table is organized into five columns: 1. **Number of Payments or Years**: This column lists the duration expressed in either payments or years. 2. **Annual Interest Rate**: This column provides the interest rate applied annually. 3. **Future Value**: This column shows the value of an investment at a specified time in the future, given the annual interest rate. 4. **Annuity**: This column is intended for the annuity value, but the entries are currently marked with a question mark, indicating missing data. 5. **Present Value**: This column lists the current value of a future amount of money or stream of cash flows given a specified rate of return. **Details of Each Row:** - **Row 1**: - Number of Payments or Years: 7 - Annual Interest Rate: 5% - Future Value: $0.00 - Present Value: $21,000.00 - **Row 2**: - Number of Payments or Years: 20 - Annual Interest Rate: 7% - Future Value: $21,000.00 - Present Value: $0.00 - **Row 3**: - Number of Payments or Years: 30 - Annual Interest Rate: 4% - Future Value: $0.00 - Present Value: $240,000.00 - **Row 4**: - Number of Payments or Years: 10 - Annual Interest Rate: 11% - Future Value: $97,219.23 - Present Value: $0.00 The annuity values are not listed and would typically be calculated based on the other data provided. This table can be easily copied to a spreadsheet by clicking on the specified icon, facilitating financial calculations and analysis.
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