Use 12 table - one to calculate the future value in dollars of the annuity due round your answer to the nearest. Scent annuity payment $70 payment frequency every month time period 2 and a 1/2 years nominal right interest 6% interest compounded mentally. What is the future value of annuity

Q: executive prepares for retirement by depositing $7000 into an annuity each year for 20 years. The…

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Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: We will find out the required value.

Q: Use Table 12-2 to calculate the present value (in $) of the annuity due. (Enter a number. Round your…

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Q: Determine the Future Value (FV) of your account, after 3 years, if you invest $7852 in an account…

A: Solution:Investment ammount Interest rate Number of years Investment earns simple interest thenwe…

Q: You deposit $13,000 in an account that pays 4% interest compounded quarterly.   A. Find the future…

A: Given information Principal = $13,000 Rate of interest = 4% Time = 1 year Compounded quarterly

Q: Acme Annuities recently offered an annuity that pays 7.5% compounded monthly. What equal monthly…

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Q: Find the interest rate needed for the sinking fund to reach the required amount. Assume that the…

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Q: Find the present value of the given future amount. $57,000 for 21 months at 6% simple interest What…

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Q: Find the interest rate needed for the sinking fund to reach the required amount. Assume that the…

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Q: At the end of each quarter, David deposits $300 into a savings account that earns 3.92% interest…

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Q: A grandparent deposits $3,000 each year into an annuity for a grandchild that pays 8% compounded…

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Q: How much interest is included in the future value of an ordinary simple annuity of $1,650 paid…

A: Let Future value is P[(1+r)n-1]r P=$1,650 r=4% compounded semi annually =4100×2=0.02 n=2*2=4

Q: Find the present value of the given future amount. $98,000 for 5 months at 5% simple interest What…

A: The given problem is to find the present value for which the given future value is $98,000 for 5…

Q: An investor wants to save money to purchase real estate. She buys an annuity with monthly payments…

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Q: Find the future value of the ordinary annuity. Interest is compounded annually. R= 25,000; i= 0.025;…

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Q: Find the present value of payments of $300 made at the end of each six months for eight years. The…

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