Find the future value of the following ordinary annuities. Payments are made and interest is compounded as given.
R=$3000, 9% interest compounded annually for 15 years
What is the future value of the ordinary annuity? (Round to the nearest cent.)
Answer of Part 1
Deposit | 3000 | p.a | C2 |
ROI | 9% | cummulative | C3 |
No of payments | 15 | C4 | |
Year | Deposit | Interest | Cumulative |
1 | 3,000.00 | 270.00 | 3,270.00 |
2 | 3,000.00 | 564.30 | 6,834.30 |
3 | 3,000.00 | 885.09 | 10,719.39 |
4 | 3,000.00 | 1,234.74 | 14,954.13 |
5 | 3,000.00 | 1,615.87 | 19,570.00 |
6 | 3,000.00 | 2,031.30 | 24,601.30 |
7 | 3,000.00 | 2,484.12 | 30,085.42 |
8 | 3,000.00 | 2,977.69 | 36,063.11 |
9 | 3,000.00 | 3,515.68 | 42,578.79 |
10 | 3,000.00 | 4,102.09 | 49,680.88 |
11 | 3,000.00 | 4,741.28 | 57,422.16 |
12 | 3,000.00 | 5,437.99 | 65,860.15 |
13 | 3,000.00 | 6,197.41 | 75,057.57 |
14 | 3,000.00 | 7,025.18 | 85,082.75 |
15 | 3,000.00 | 7,927.45 | 96,010.20 |
Apply Formulae - -FV(C3,C4,C2,0,1) |
Answer of Part 2
Deposit | 8180 | half yearly | I2 |
ROI | 9.00% | cummulative semiannually | I3 |
No of payments | 10 | I4 | |
Formulae of PV of payments is | -PV(I3,I4,I2,0,1) | ||
PV of payments | $57,221.12 |
Find the future value of the following ordinary annuities. Payments are made and interest is compo...
Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given Then determine how much of this value is from contributions and how much is from interest R=9,400,9% interest compounded semiannually for 7 years The future value of the ordinary annuity is $_______ (Round to the nearest cent as needed)
5.2.25 Find the future value of an ordinary annuity if payments are made in the amount Rand interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest R-12.000, 4.9% interest compounded quarterly for 10 years. The future value of the ordinary annuity is $. (Round to the nearest cent as needed)
Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest. R; 700 6.35% interest compounded semiannually for 9 years.
Find the future values of the ordinary annuities at the given annual rate r compounded as indicated. The payments are made to coincide with the periods of compounding. (Round your answer to the nearest cent.) PMT = $140, r = 4.5%, compounded weekly for 10 years
Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest. R;500 6.32% interest compounded semiannually for 12 years.
Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest. R;15,000; 4.5 % interest compounded quarterly for 12 years.
Find the future value of the ordinary annuity Interest is compounded annually R=$3000-0.07: n=3 Which of the following formulas will calculate the future value? OA. S = 3000 +3000 OBS 3000 (1+0.07) - 1 0.07 (1 + 30.07-1 (1 +0.07)-1 DO 179-4 1024 OD S = 3000 OC. S3000 (1-001+1 0.07 The future value of the ordinary annuity in s (Round to the nearest cent as needed. Do not round until the final answer)
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...
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...
Find the future value of an ordinary annuity, if payments are made of $150 and interest is 7.25% compounded monthly for 14 years A. $43,884.49 B. $43,696.95 C. $43,471.85 D. $43,734.49