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: Complete present value of an ordinary annuity: (Round your answer to the nearest cent.)   Amount…

A: Present value of annuity (PVA) is the stream of regular interval cashflow discounted at specified…

Q: What is the present value of a 8-year ordinary annuity with annual payments of $523, evaluated at a…

A: The PV of an annuity refers to the total value of its cash flows at present assuming they are…

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: PROBLEM: 1. A man bought an equipment consisting Php 60,000 payable in 12 quarterly payment, each…

A:

Q: The value of the annuity is ​$______.

A: The worth of today’s dollar at a future date is the future value of the dollar. For example, the…

Q: Show Solution. Topic: Simple Annuity Due 1. Marlon places P3,600 at the beginning of every six…

A: Annuity means the continuous payment till the term of the loan, such as payment may be in every…

Q: A personal account earmarked as a retirement supplement contains $242,300. Suppose $200,000 is used…

A: The interest rate is 6%, compounded quarterly. The interest rate per quarter will be (6%/4) = 1.5%.…

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: 1.Assume that you deposit $946 into an account that pays 11 percent per annum. How much money will…

A: Time value of money refers to the concept that money available at the present time is worth more…

Q: Ordinary Annuity: 1. Tim deposits P750 every end of 3 months in an account paying 5% interest…

A: Here we will use the concept of time value of money. As per the concept of time value of money it is…

Q: Fill in an amortaization table for a loan of $9,300 to be paid back over 4 years, semiannually. At…

A: The amortization table is a table that shows the payment, interest and principal repayment of each…

Q: A personal account earmarked as a retirement supplement contains $292,200. Suppose $250,000 is used…

A: An annuity is a financial term that depicts a stream of cash flows of an equivalent periodic amount…

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: Recently, More Money 4U offered an annuity that pays 6.9% compounded monthly. If $1,038 is deposited…

A: Monthly deposit (C) = $1,038 Monthly interest rate (r) = 0.00575 (i.e. 0.069 / 12) Monthly period…

Q: Find the total amount that must be repaid on the following note described. $8,573 borrowed at 16.5%…

A: The accumulated value for the borrowed amount with simple interest rate can be calculated with the…

Q: sh to deposit an amount now that will accumulate to $200,000 in 25 years. How much more would you…

A: The extra amount to be deposited can be calculated as follows :

Q: Find the future value of an annuity in 18 years if you deposit $85 at the end of each compounding…

A: Future value  of annuity formula: FVA=A×1+RMM×N-1RM where, A = annuity R=rate of interest M =…

Q: Use the appropriate formula to determine the periodic deposit. b. How much of the financial goal…

A:

Q: Amount Rate Time ​$63,000 12​% 3 years table of monthly payments on a​ $1,000…

A: Loan amount (PV) = $ 63000 Annual interest rate  = 12% Monthly interest rate (R) = 12%/12 = 1%…

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: 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: Find the amount borrowed for the loan described. (Round your answer to the nearest cent.) R =…

A: Here, Semi Annual Payments is $878.80 Interest Rate is 5.8% Compounding Period is Semi Annual i.e 2…

Q: A personal account earmarked as a retirement supplement contains $292,200. Suppose $250,000 is used…

A: Let the required annuity be = n quarters To make the account 0 at the end of the annuity period, the…

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: 5. a) Complete the following table for the first 4 periods of an annuity that pays 8.2% compounded…

A: Considering the payments are made at the end of each month, hence period is one month. Interest…

Q: Find the total amount that must be repaid on the following note described.

A: Simple interest Amount = Principal Amount x  Rate of Interest x Time  Amount Repaid = Principal…

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: Estimating the annual interest rate with an ordinary annuity. Fill in the missing annual interest…

A: Ordinary annuity refers to the series of payments at the end of the period that is compounded or…

Q: A woman bought an expensive bag costing P 60,000 payable in 12 quarterly payments each installment…

A: Given: Particulars Amount Loan           P60,000 Periods 12 Interest rate 24%

Q: Find the future value (FV) of the annuity due. (Round your answer to the nearest cent.) $165…

A: Monthly payment = $165Interest =7%Number of years = 11 years

Q: this annuity every month, how much is in the account after 8 years? How much of this is interest?…

A: Future Value of Annuity: It refers to the future worth of the annuity cash flows made at the end of…