You are to pay a bill in Meralco every month for 5 years. The accumulated amount of the payment you paid is 60k pesos at a rate of 6% per year. The first payment is done after 4 years. How much are you paying every payment?

Q: he difference between an ordinary annutty and an annulty due is: Multiple Choice an ordinary annuity…

A: Annuity means where regular payment is made at the end of regular period and full amount with…

Q: If you know the present value of an ordinary annuity, how can you find the PV of thecorresponding…

A: The question is based on the concept of annuity payment, an annuity is a series of equal payments…

Q: Explain ‘Principle 5’: Individuals respond to incentives, and outline one method that is used to…

A: “Since you have posted a many questions, we will solve first question for you. To get the remaining…

Q: If you're calculating the present value of future payments, you're using an annuity. Is this…

A: The question explains about  the present value of future payments, you're using an annuity.

Q: ompare an ordinary annuity with a prepayment annuity.

A: Annuity is a uniform series of cash flows over a given number of periods.

Q: In order to recognize a question that requires fv of an annuity formula rather than just fv,…

A: Compounding: Compounding is the interest charged on interest. When any investment is made for…

Q: Why does an annuity due have a higher present value than a similar ordinaryannuity?

A: We need to understand the concepts of ordinary annuity and annuity due.

Q: ve regularly?

A: Savings are the funds left from the income earned after incurring all the consumption expenses.…

Q: What are the primary characteristics of an annuity? Differentiate between an “ordinary annuity” and…

A: Annuity: In the realm of finance, an annuity is a series of recurring payments. Annuities include…

Q: Compute the present value of an ordinary annuity, an annuity due, and a deferred annuity.

A: Computation of the present value (PV) of an ordinary annuity can be done by using the…

Q: What is an annuity? How does it differ from a lump sum payment?

A: Annuity:An annuity refers to a series of payments made at regular time intervals. These are…

Q: How to find the incrementa

A: Incremental cost is an additonal cost which a manufacturer incurs due…

Q: what is the difference between Simple perpetuity from general perpetuity?

A: Perpetuity refers to the incoming of equal infinite cash flows which arrive at the end of every…

Q: What is the difference between an ordinary annuity and an annuity due? If you were to save money in…

A: An annuity is a series of payments at a fixed interval of time. There are two types of annuities…

Q: WHAT ARE THE WAYS OF SUSTAINABLY FUNDING THE POOR?

A: Sustainably funding initiatives aimed at supporting the poor requires a multifaceted approach that…

Q: To take full advantage of compund interest you should start later in life, because you will be…

A: Compound Interest: Compound interest delivers an amount of capital growth at a quicker rate than…

Q: Complete the following table showing effects of changes in retirement "risk variables" on periodic…

A: Retirement planning is the process of setting financial goals and creating a strategy to secure a…

Q: Explain Effective Cost of Two or More Loans?

A: When there is the existence of a situation, where the borrower takes an option to finance the…

Q: What is growing annuity?

A: Introduction: Annuities are insurance contracts that agrees to pay you steady income either…

Q: what are examples of ordinary annuity and annuity due

A: As per the time value of money, a dollar is worth more today than the same dollar in future. It is…

Q: Q.How can annuity help in having a good benefit proposal for workers

A: Benefit proposal is the proposal which is offered by a firm to the employees or potential employees…

Q: Create two or three word problems that involve the concepts of Annuity. Consider different types of…

A: There are two types of annuity which are as follows: Annuity due: Unlike an ordinary annuity,…

Q: Give an interesting feature of any perpetual annuity?

A: Interesting feature of any perpetual annuity: The feature of perpetual annuity is that, a stream of…

Q: What do we call the process of finding future value? Discounting Compounding Discount interest…

A: This is based on the concept of time value of money.   Amount put aside today or invested today…

Q: hat happens to the interest if I pay more than my payment amount on a car or home loan? What happens…

A: The loans are paid by equal monthly payments that carry the payment for interest and payment for…

Q: An annuity is a kind of financial contract. What's the difference between this and a one-time…

A: An annuity is a fixed series of payments over the period and contains a number of cashflows.

Q: k in deferred annuity

A: k = nt - 1 where k = The number of compounding periods in a year  n = number of years we intend to…

Q: Derive the formula

A: Future worth or Future value refers to the value of current asset at some future point of time on a…

Q: the table use to find present value of an annuity is called

A: Annuity is the sum of all the discounted factors from year 1 to n. It will provide the value of…

Q: why annuity due have larger value than ordinary annuity? with exampl

A: Annuity Due: Annuity due relates to a set of equal payments made at the identical interval at the…

Q: What is the amount of the plan assets available to pay benefits? What are the factors that can cause…

A:

Q: What is the formula in finding the present value of a deferred annuity

A: Deferred annuity is a type of contract which pays the purchaser a periodic payment or an lump sum…