Use a calculator to evaluate the present value of an annuity formula -nt 1 P=m ri...
Use a calculator to evaluate an ordinary annuity formula nt 1 + for m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent.) $50; 500; 7 yr
Use a calculator to evaluate the amortization formula m= FIi for the values of the variables P, r, and t (respectively). Assume n-12. (Round your answer to the nearest cent) $14,000; 9%; 7 yr
Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of Deposit " mueposit m Frequency Frequency quarterly n Rate Rate 14% Time the 25 yr t $400 $
Use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem. PV=$10,000 I =0.01 PMT=$500 N =? N =? (Round up to the nearest integer.)
use the formula for the present value of an ordinary annuity or the amortization formula to solve the following problem. pv=16000, I=0.005, pmt=600, n=? round up to the nearest integer
Find the present value, using the present value formula and a calculator. (Round your answer to the nearest cent.) Achieve $8,000 in three years at 3.5% simple interest.
Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $1300/semiannual period for 5 yr at 12%/year compounded semiannually $ Need Help? Read Talk to a Tutor MY NOTES PRACTICE ANOTHER 5. (-/0.1 Points] DETAILS TANAPMATHS 4.2.014. Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $130/month for 14 yr at 7%/year compounded monthly Need Help? Read Talk te Tutor MY NOTES PRACTICE ANOTHER 6. [-70.1 Points) DETAILS TANAPMATHS...
MY NOTES PRACTICE ANOTHER Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $1300/semiannual period for 5 yr at 12%/year compounded semiannually $ Need Help? Read it Tuto a Tutor 5. [0/0.1 Points] DETAILS PREVIOUS ANSWERS TANAPMATHS 4.2.014 MY NOTES PRACTICE ANOTHER Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $130/month for 14 yr at 7%/year compounded monthly $ 222.86 X Need Help? Read Tu te Tutor...
Use Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) Annuity Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Present Value of the Annuity $3,000 every year 20 4 annually $ Use Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) Annuity Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Present Value...
Find the present value of an annuity with payments of $1,250 at the end of each year for 7 years. The interest rate is 5% compounded annually The present value of the annuity is $ . (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)