the final payment being on 1st of August 2024, total amount of the annuity is _ calculated on the basis of an interest rate of 8% p.a effective

Q: Find the term of the following ordinary general annuity. State your answer in years and months (from…

A: The present value of an annuity is the current value of future payments from an annuity, assuming a…

Q: If $417.00 is deposited at the end of each year for 6 years into an ordinary annuity earning 4.08%…

A: Here, Yearly Deposit is $417.00 Time Period is 6 years Interest Rate is 4.08% Compounding Period is…

Q: For the following ordinary annuity, determine the size of the periodic payment. Future Payment…

A: The PMT function is a type of financial function which helps to determine the total monthly payment…

Q: The term of the annuity is year(s) and month(s).

A: Annuity refers to the pattern of payment made at equal intervals. It is a type of long-term…

Q: Find the present value of the following ordinary annuity.   Periodic Payment Payment Interval Term…

A: Converting 7% compounding quarterly rate to effective rate  Effective rate of interest = [(1+…

Q: Find the amount of an ordinary annuity and interest earned of which annuity payment of php18,000.00…

A: Future Value: Using an expected rate of growth, future value (FV) is defined as the worth of a…

Q: Calculate the future value of the following annuities, assuming each annuity payment is made at the…

A:

Q: Find the future value of the annuity due. Assume that interest is compounded annually, unless…

A: Annuity refers to a series of regular cash flows over a defined period. When the cash flows occur at…

Q: For the following annuity due, determine the nominal annual rate of interest. Future Periodic Rent…

A: Solution:- When an equal amount is paid at the beginning of each period, it is called annuity due.…

Q: An annuity consists of 55 payments of $3480 at the end of each month. Interest is at j, = 12 %. Find…

A: The annuity refers to the regular payment or receipt that lasts over a period of time. The preset…

Q: Calculate the net single premium for a 5 year deferred temporary annuity which pays €2,000 each…

A: The net single premium for the insurance is the expected present value of all the future cash flows.…

Q: Determine the amount of the ordinary annuity at the end of the given period. (Round your $6000…

A: Annuity refers to a stream of cash flows that occurs periodically and is usually fixed in amount. In…

Q: Determine the amount of the ordinary annuity at the end of the given period. (Round your final…

A: Formula to calculate FV:  F = P * ([1 + i]^N - 1 )/i Wherein:  P = $8,000 deposited semiannually i =…

Q: A 10-year annuity pays $C to the owner on July 1 of each year, starting from 2023. Using a discount…

A: Value of the annuity as on Jan 1, 2022 = $100 Value of the annuity as on July 1, 2022 is calculated…

Q: An annuity pays $300 each on January 1 in the Year 2025, 2030, 2035, 2040 and 2045. The annual…

A: The sum of all succeeding, equal payments or deposits made at some point in the future represents…

Q: An annuity pays out on 1 January in every year, from 1 January 2011 up to (and including) 1 January…

A: The present value represents the current worth of the future expected cash flows. It is estimated by…

Q: Use the ordinary annuity formula shown to the right to determine the accumulated amount in the…

A: Principal amount = $60  Time period = 10 years  Interest rate = 5% Compounded = semi-annually

Q: What is the present value of an ordinary annuity with annual payments of $640 at 8% annual interest…

A: Generally interest and cash flows are discounted to present value and they decide whether it is…

Q: Complete the ordinary annuity. (Do not round intermediate calculations. Round your final answer to…

A: We need to use future value of ordinary annuity formula given below to calculate value of ordinary…

Q: For the following ordinary annuity, determine the size of the periodic payment. Present Future Value…

A: Periodic payment refers to the amount to be paid every month including interest and the principal…

Q: Determine the nominal annual rate of interest of the following ordinary general annuity. Periodic…

A: When the benefits of compounding over time are taken into account, an effective annual interest rate…

Q: For the following ordinary annuity, determine the size of the periodic payment Present Future Value…

A: Future value (FV) = $16,800 Quarterly interest rate (r) = 0.02075 (i.e. 0.083 / 4) Quarterly period…

Q: 5. Find the length of the term for the following annuity due. Express your answer in years and…

A: PV is the current value of the cash flows that are expected to happen in the future.

Q: Periodic Payment Interval Term Interest Rate Conversion Period Payment $1700 6 months 17 years 2%…

A: Future value of the ordinary annuity that are deposited at the end of period will includes the…

Q: Find the present value of the following deferred annuity due. Periodic Made Payment Payment At:…

A: As per the given information: Periodic payment - $800Payment period - 3 monthsPeriod of deferment -…

Q: An annuity has $159 beginning of month deposits for 10 years with a rate of interest of 6%…

A: An annuity due is a condition where the contribution is made at beginning of the period for a…

Q: Round to the nearest 0.01% Future Value $112,6041 month Payment Interval Future Value fective rates…

A: The time value of money (TVM) is the idea that a monetary amount is worth more now than it will be…

Q: Determine the amount of the ordinary annuity at the end of the given period. (Round your final…

A: When the payments are made at the end of each period it is ordinary annuity. It is usually made at…

Q: Assume that an annuity has an annual cash flow of $375 in Years 11 through: Also assume that the…

A: Value of annuity is the present value of cash flow from the annuity based on the time and interest…

Q: A perpetuity-due with annual payments consists of 10 level payments of X followed by a series of…

A: A perpetuity is a kind of annuity. Perpetuity due is that perpetuity wherein the payment starts…

Q: Determine the amount of the ordinary annuity at the end of the given period. (Round your final…

A: The concept of time value of money will be used here. An ordinary annuity is that annuity in which…

Q: Determine the amount of the ordinary annuity at the end of the given period. (Round your final…

A: Formula to calculate FV:  F = P * ([1 + i]^N - 1 )/i in which : P = $800 semiannually depositedi =…

Q: Find the future value of the following ordinary annuity.   Periodic Payment Payment Interval Term…

A: Annuity refers to a constant and fixed amount of payment over a period of time.   We can compute the…

Q: What amount must be repaid on October 10, 2019, if Php6,000 is borrowed on October 10, 2011 at 5.75%…

A: Formula of simple interest = (P*R*T)÷100 Where P= principal            R= Rate            T=time…

Q: Calculate the present value on Jan 1, 2015 of an annuity of $500 paid at the end of each month of…

A: Present value tells how much money would be required now to fund future payment series.

Q: Find the term of the following ordinary general annuity. State your answer in years and months (from…

A: The time period or the number of years (NPER) refers to the time it would require for the investment…

Q: A perpetuity-due with annual payments consists of en level payments of X followed by a series of…

A: A perpetuity is a type of annuity. Now a perpetuity due is that perpetuity in which payment starts…

Q: Calculate the present value as at 1 January 2019 of a series of payments of £100 payable on the…

A: Monthly annuity=£100Period of annuity= 36 monthsEffective interest rate=8%Deferred period= 12 months…

Q: Complete this annuity due: (Round your answer to the nearest cent.)   Amount of Payment Payment…

A: Annuity: An annuity is defined as a series of payments, whether received or made, that are equal and…

Q: Determine the combined present value as of December 31, 2016, of the following four payments to be…

A: Present Value:The value of today’s amount to be paid or received in the future at a compound…

Q: Determine the amount of the ordinary annuity at the end of the given period. (Round your final…

A: To determine the future value of an ordinary annuity, we can use the formula: FV = PMT x [(1 + r)^n…

Q: Calculate the total interest and principal portions for the series of monthly payments of $166.95…

A: An annuity refers to a series of periodic payments provided/received in exchange for a lump sum…