Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 5.5%/year compounded monthly. If the future value of the annuity after 11 years is $50,000, what was the size of each payment? (Round your answer to the nearest cent.) $

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A: Given:- Semi-annual payment of machinery =$2401             semi-annual payments for time =23 months…

Q: Find the future value of an annuity of $1500 paid at the end of each year for 10 years, if interest…

A: Given that  $1500 paid at the end of each year for 10 years, if interest is earned at a rate of 7%,…

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A: We have to find the present value of the income in dollars.

Q: if you want to get a 15 year term annuity that will pay $30000 annually (for the duration of the…

A: Given that the total  amount  A=$30000interest rate  R=7.2%=7.2100=0.072Number of years T=15 years

Q: What is the present value of $2,000 paid at the end of each of the next 85 years if the interest…

A: n =85 rate = i  = 5% annuity value = 2000

Q: If Jackson deposits $100 at the end of each month in a savings account earning interest at a rate of…

A: We have to find the final value  Using the formula  FVA=PMT((1+i)^n-1)/i

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Q: Find the present value of an annuity of $5000 paid at the end of each 6-month period for 2 years if…

A: Given :-  An annuity of $5000 paid at the end of each 6-month period for 2 years if the rate of…

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Q: Find the present value (in dollars) of an annuity that pays $4,000 at the end of each 6-month period…

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Q: A loan is repaid with payment of $7209 at the end of each quarter for 11 years. If interest on the…

A:

Q: You deposit $ 150 every 6 months into an annuity with an annual interest rate of 13.5% compounded…

A: This is a type of ordinary annuity where payments are made at the end of each period such as…