Find the future values of the following ordinary annuities.
.1. FV of $400 each 6 months for 5 years at a nominal rate of 12%, compounded semiannually
2. FV of $200 each 3 months for 5 years at a nominal rate of 12%, compounded quarterly
3. The annuities described in parts a and b have the same total amount of money paid into them during the 5-year period, and both earn interest at the same nominal rate, yet the annuity in part b earns $101.75 more than the one in part a over the 5 years. Why does this occur?
I HAVE USED. EXCEL. IF YOU WANT FORMULA, I CAN SOLVE USING FORMULA ALSO. THANK YOU
EAR = (1 +r/m)m - 1
WHERE m = NO OF COMPOUNDING IN A YEAR
Find the future values of the following ordinary annuities. FV of $800 each 6 months for 6 years at a nominal rate of 16%, compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent. $ FV of $400 each 3 months for 6 years at a nominal rate of 16%, compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent. $ The annuities described in parts a and b have the same...
Find the future values of the following ordinary annuities: a. FV of $300 paid each 6 months for 5 years at a nominal rate of 8% compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent. b. FV of $150 paid each 3 months for 5 years at a nominal rate of 8% compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent. c. These annuities receive the same amount of cash during the 5-year...
1. Find the future values of the following ordinary annuities: A. FV of $800 paid each 6 months for 5 years at a nominal rate of 12% compounded semiannually. Round your answer to the nearest cent. $ B. FV of $400 paid each 3 months for 5 years at a nominal rate of 12% compounded quarterly. Round your answer to the nearest cent. $ C. These annuities receive the same amount of cash during the 5-year period and earn interest...
eBook Find the future values of the following ordinary annuities: FV of $800 paid each 6 months for 5 years at a nominal rate of 9% compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent. FV of $400 paid each 3 months for 5 years at a nominal rate of 9% compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent. These annuities receive the same amount of cash during the...
Find the future values of the following ordinary annuities: a. PV of $200 paid each 6 months for 5 years at a nominal rate of 7% compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent. b. FV of $100 paid each 3 months for 5 years at a nominal rate of 7% compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent c. These annuities receive the same amount of cash...
13. Problem 5.25 (Future Value of an Annuity) eBook Find the future values of the following ordinary annuities: a. FV of $400 paid each 6 months for 5 years at a nominal rate of 15% compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent. b. FV of $200 paid each 3 months for 5 years at a nominal rate of 15% compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent....
3. Problem 5.25 (Future Value of an Annuity) eBook 1 Problem Walk-Through Find the future values of the following ordinary annuities: a. FV of $600 paid each 6 months for 5 years at a nominal rate of 12% compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent. b. FV of $300 paid each 3 months for 5 years at a nominal rate of 12% compounded quarterly. Do not round intermediate calculations. Round your answer to...
I need 9-15 through 9-16 answered. Please and thank you. C. 12 percent snir d. 12 percent simple rate, compoundélt mu a. FV of S400 each six months for five years at a simple rate of 12 b. FV of $200 each three months for five years at a simple rate of 12 C. The annuities described in parts (a) and 9-15 Find the future values of the following ordinary annuities: compounded semiannually percen described in parts (a) and (b)...
Find the future values of the following ordinary annuities. FV of $800 each 6 months for 9 years at a nominal rate of 12%, compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent. $ FV of $400 each 3 months for 9 years at a nominal rate of 12%, compounded quarterly. Do not round intermediate calculations. Round your answer to the nearest cent.
03 Your parents will retire in 18 years. They currently have $250,000, and they think they will need $1 millin at retirement. What annual interest rate must they earn to reach their goal, assuming they don't save any additional funds? 05 You have $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $250,000. You expect to earn 12% annually on the account. How many years...