Use the TVM Solver to find the present value of an ordinary annuity where the payments are $4210 made semiannually for 6 years at 3.8 % interest compounded semiannually. Please show the values you entered on your calculator. N = 12 1% = n = 2x6 =12 19

Use the TVM Solver to find the present value of an ordinary annuity where the payments are $4210 made semiannually for 6 years at 3.8 % interest compounded semiannually. Please show the values you entered on your calculator. N = 12 1% = n = 2x6 =12 19

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Find the future value of an annuity due of $1,500 semiannually for six years at 7% annual interest compounded semiannually. What is the total investment? What is the interest? E Click the icon to view the Future Value of $1.00 Ordinary Annuity table. The future value is $. (Round to the nearest cent as needed.)
Calculate the present value of the following annuities, assuming each annuity payment is made at the end of each compounding period. (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.) 1. 2. 3. Annuity Payment $ 5,600 10,600 4,600 Annual Rate Interest Compounded Semiannually 9.0% 10.0% Quarterly 11.0% Annually Period Invested 3 years 2 years 5 years Present Value of Annuity
Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $200 is deposited monthly for 10 years at 6% per year in an account containing $9,000 at the start FV = $ 49150 Need Help? Read It Watch It Submit Answer
Use a calculator to evaluate an ordinary annuity formula nt - 1 1 + - A = m n for m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent.) $100; 7%; 10 yr A = $
Use a calculator to evaluate an ordinary annuity formula nt 1 +I 1 A = m %3D for m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent.) $100; 6%; 10 yr A = $ Need Help? Read It
Calculate the future value of the following annuities, assuming each annuity payment is made at the end of each compounding period. (FV of $1. PV of $1, EVA of $1, and PVA of $1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.) 1. Annuity Payment $ 3,700 Annual Rate Interest Period Compounded Invested Future Value of Annuity 7.0% Semiannually 9 years 2. 6,700 8.0% Quarterly 5 years 3. 5,700 12.0% Annually 6 years
If you were to borrow $9,100 over five years at 0.13 compounded monthly, what would be your monthly payment? Round to two decimal places. check_circle Expert Answer thumb_up thumb_down Step 1 Annuity - Annuity means the amount of series of payments based on fixed intervals periods. The formula used to calculate annuity is = Amount*PAVF(R, N) where PAVF = Present value annuity factor, R = Interest rate , N= no of periods Step 2 In the given question we have, Amount borrowed = $9,100 Interest rate = 0.13% compounded monthly N = no.of periods = 5*12 = 60 periods Let the monthly payment be =x x,PVAF(0.13%,60) = $9,100 X*PVAF(1+0.0013)60 = $9,100 X*61.4396868 = $9,100 how is this calculated? I don't get this number. X = $9,100/61.4396868 X = $ 148.11 monthly payment = $148.11
Need help please
Find the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $200,000 at 6%, paid out monthly for 11 years PMT = $ Need Help? Read It Watch It
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Calculate the future value of the following annuities, assuming each annuity payment is made at the end of each compounding period. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) 1. 2. 3. Annuity Annual Payment Rate $4,700 6.0 % 8.0 % 7,700 6,700 10.0 % Show Transcribed Text 1. 2. 3. Annuity Annual Payment Rate Interest Compounded Quarterly Annually Semiannually $ 5,700 Interest Compounded 8.0 % Quarterly 10,700 11.0% Annually 4,700 10.0 % Semiannually Period Invested 5 years 6 years 9 years Calculate the present value of the following annuities, assuming each annuity payment is made at the end of each compounding period. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) $ Period Invested 2 years 5 years 3 years Future Value of Annuity 172,892.28 Present Value of Annuity
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