QUESTION 12 THIS IS A MANDATORY SUBMISSION Calculate the number of compounding periods for an ordinary annuity with a future value of $16681 and payments of $448, The nominal rate is 5%/year compounded semi- annually. Note: this is a simple annuity, which means the payments occur semi-annually as well. Write your final answer as an integer.
QUESTION 12 THIS IS A MANDATORY SUBMISSION Calculate the number of compounding periods for an ordinary annuity with a future value of $16681 and payments of $448, The nominal rate is 5%/year compounded semi- annually. Note: this is a simple annuity, which means the payments occur semi-annually as well. Write your final answer as an integer.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 7P: Value of an Annuity Using the appropriate tables, solve each of the following. Required: 1....
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solve question 12 with complete explanation asap
![QUESTION 11
THIS IS A MANDATORY SUBMISSION
An ordinary annuity has payments of $1000 made semi-annually with a nominal compound interest rate of 5%/year. Note the compounding rate is the same as the payment period
(as is the case for simple annuities). Assume the total length of the annuity is 4 years. Determine
a) A cash flow diagran for the annuity from the initial start of the loan until the end of the 4 years
b) The present value of the 2nd payment only
c) The future value of the 3rd payment at the end of year 4
d) The present value of the entire annuity
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QUESTION 12
THIS IS A MANDATORY SUBMISSION
Calculate the number of compounding periods for an ordinary annuity with a future value of $16681 and payments of $448, The nominal rate is 5%/year compounded semi-
annually. Note: this is a simple annuity, which means the payments occur semi-annually as well, Write your final answer as an integer.
QUESTION 13
The present value of an ordinary annuity can be calculated in two ways: i) The sum of the present values of each individual payment made for the entirety of the loan or i) Using
1- (1+i) ¯"
PV = PMT](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fafdc8d05-5dbf-4f4e-9c73-881a3df51891%2Fc69d295b-ac92-433d-b966-bf4adc86ab09%2Fm431yu4_processed.png&w=3840&q=75)
Transcribed Image Text:QUESTION 11
THIS IS A MANDATORY SUBMISSION
An ordinary annuity has payments of $1000 made semi-annually with a nominal compound interest rate of 5%/year. Note the compounding rate is the same as the payment period
(as is the case for simple annuities). Assume the total length of the annuity is 4 years. Determine
a) A cash flow diagran for the annuity from the initial start of the loan until the end of the 4 years
b) The present value of the 2nd payment only
c) The future value of the 3rd payment at the end of year 4
d) The present value of the entire annuity
Attach File
Browse Local Files
Browse Content Collection
QUESTION 12
THIS IS A MANDATORY SUBMISSION
Calculate the number of compounding periods for an ordinary annuity with a future value of $16681 and payments of $448, The nominal rate is 5%/year compounded semi-
annually. Note: this is a simple annuity, which means the payments occur semi-annually as well, Write your final answer as an integer.
QUESTION 13
The present value of an ordinary annuity can be calculated in two ways: i) The sum of the present values of each individual payment made for the entirety of the loan or i) Using
1- (1+i) ¯"
PV = PMT
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