Ordinary annuity payment. Fill in the missing annuity in the following table for an ordinary annuity stream: Number of Payments or Years 6 21 33 15 Annual Interest Rate 9% 4% 6% 10% Future Value $0.00 $24,000.00 $0.00 $98,433.34 Annuity $ (Round to the nearest cent.) $ (Round to the nearest cent.) S (Round to the nearest cent.) (Round to the nearest cent.) Present Value $24,000.00 $0.00 $150,000.00 $0.00
Ordinary annuity payment. Fill in the missing annuity in the following table for an ordinary annuity stream: Number of Payments or Years 6 21 33 15 Annual Interest Rate 9% 4% 6% 10% Future Value $0.00 $24,000.00 $0.00 $98,433.34 Annuity $ (Round to the nearest cent.) $ (Round to the nearest cent.) S (Round to the nearest cent.) (Round to the nearest cent.) Present Value $24,000.00 $0.00 $150,000.00 $0.00
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Ordinary annuity payment. Fill in the missing annuity in the following table for an ordinary annuity stream:
Number of
Payments or
Years
6
21
33
15
Annual
Interest Rate
9%
4%
6%
10%
Future Value
$0.00
$24,000.00
$0.00
$98,433.34
Annuity
(Round to the nearest cent.)
$ (Round to the nearest cent.)
$(Round to the nearest cent.)
(Round to the nearest cent.)
Present Value
$24,000.00
$0.00
$150,000.00
$0.00
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