using only ANNUITY DUE formulasQuestion: A man bought an equipment costing P60,000 payable in 12 quarterly payments each installment payable at the beginning of each period. The rate of interest is 24% compounded quarterly. WHAT IS THE AMOUNT OF EACH PAYMENT?

Q: An annuity that pays $1100 at the end of each month for 23 years sells for $120,000. What was the…

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Q: If you make monthly payments of $488.00 into an ordinary annuity earning an annual interest rate of…

A: This pertains to the concept of time value of money. Amount deposited or paid periodically is an…

Q: Find the term of the ordinary annuity in years and months (from 0 to 11 months). Present Value…

A: The problem is asking us to find the term of an ordinary annuity. An ordinary annuity is a sequence…

Q: Find the least amount that could be deposited in a bank account today at 6% compounded semiannually…

A: Semiannual withdrawal (C) = $1,875Semiannual interest rate (r) = 0.03 (i.e. 0.06 / 2)Semiannual…

Q: Find the term of the ordinary annuity in years and months (from 0 to 11 months). Present Value…

A: Present value of annuity = $20000 Quarterly rent (Q) = $900 r = 4.7% per annum = 1.175% per quarter…

Q: Need Help? Submit Answer $100 Read It Watch It monthly 6% 7 yr

A: Monthly deposit=$100Interest rate is 6%Period is 7 yearsCompounding monthly.

Q: ) Find the amount and interest earned of the following ordinary annuity dues:

A: Annuity Due Payments: These payments involve that the payment is made at the commencement of each…

Q: If you make quarterly deposits of $425.00 into an ordinary annuity earning an annual interest rate…

A: Annuity is the series of equal cash payments over the period.

Q: bank also charges you a loan initiation fee of $25, which is taken out of the initial proceeds of…

A: The effective annual interest rate is a crucial concept in finance that is used to describe the true…

Q: Types of Annuities 1)ldentify the type of annuity and calculate the number of payments during the…

A: Honor code Since you have asked multiple questions, we will solve the first question for you. If you…

Q: What is the amount of an annuity that consists of 100 monthly payments of $250 into an account that…

A: Given: Periodic payment (P) =$250 Rate of interest per month = 5% annually  Rate of interest monthly…

Q: very 6 months 4

A: in this we have to calculate future value FACTOR annuity and get future value.

Q: PROBLEM: 1. What is the current value of the Php 200 payment to be made at the end of each of the…

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Q: 10) $350 is deposited at the end of each month for 4 months at 8% per year compounded monthly. What…

A: The future value is the amount that will be received at the end of a certain period. In simple…

Q: 1. What is the accumulated value of the Php 25 payment be made at the beginning of each of the next…

A: The same amount is being paid annually over three years; this is an annuity. To find the future…

Q: Show Solution. Topic: Perpetuities 3. What is the present value of P746 perpetuity payable at the…

A: Perpetuity is a series of cash payments for unstipulated time but periodic payment begin on a…

Q: Solve by using formulas. (Round your answer to the nearest cent.) Present value (in $) of an annuity…

A: Present value of annuity due is calculated using following equation Present value =…

Q: Find the amount of the ordinary annuity based on the information given. R=$12,500, 8% interest…

A: Ordinary annuity is a type of annuity where the payments will be made at the end of the year.

Q: Recently, More Money 4U offered an annuity that pays 6.9% compounded monthly. If $1,060 is deposited…

A: Time value of money (TVM) refers to the method or technique which is used to measure the amount of…

Q: Present value (in $) of an annuity due

A: We can determine the PV of annuity due manually using the formula below:In the formula above PMT =…

Q: An annuity providing a rate of return of 4.8% compounded monthly was purchased for $45,200. The…

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Q: Calculate the future value of the annuity. SHOW YOUR WORK IN STEPS. Present Value Interest Rate…

A: In financial economics, future value refers to the estimated value of an investment at a specific…

Q: 4. An entity took GBP 32,000 loan for 4 years. Annual interest rate - 16%. Loan is repaid in equal…

A: We need to use an annuity due formula to determine the annual periodic payment. Annuity due is a…

Q: Find the payment made by the ordinary annuity with the given present value. $237,277; quarterly…

A: The value of future cash flows today is called present value. The formula for the payment is given…

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

A: Step 1: Given Value for Calculation Compound = Monthly = 12payment = p = $300Time = t = 2.25 * 12 =…

Q: Don Magellan  borrowed today from Ginoong Magellan P300,000.00 and agreed to repay the  loan with 4…

A: Loan amortization is a technique in which the borrower repays the amount borrowed with principal and…

Q: Vijay

A: The objective of the question is to calculate the actuarial rate for a home loan. The actuarial rate…

Q: Find the total amount that must be repaid on the following note described. $8,593 borrowed at 18.5%…

A: Simple Interest is the method in which we calculate the interest on a specific principal amount at a…

Q: Principal P405, 000 P750, 000 PI, 320, 000 P5, 600, 000 PI7, 000, 000 Rate Mode of Payment Monthly…

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Q: a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Periodic…

A: The annuity is a series of periodic deposits/payments made at regular intervals. The discounted…

Q: (3-4.) The following terms of payment for an annuity are as follows: Periodie payment = 20,000…

A: Monthly payment (P) = 20000 Interest rate = 18% Monthly interest rate (r) = 18%/12 = 1.50% Period =…

Q: Find the future value of an annuity in 16 years if you deposit $110 at the end of each compounding…

A: Solution: Future value of an annuity is the total value of annuity payments at a specific point in…

Q: Determine the accumulated amount of a five year annuity paying $6000 at the end of each year.…

A: Time Value of Money states that a dollar earned today is more valuable than any time in the future,…