Future value is calculated using the FV function as follows:-
=Fv(rate,nper,pmt,pv)
=FV(10%,4,0,-1000)
=1464.10
Classify the financial problem. Assume a 10% interest rate compounded annually. Find the value of a...
Classify the financial problem. Assume a 6% interest rate compounded annually. What annual deposit is necessary to give $10,000 in 5 years? o ordinary annuity O future value O present value O amortization O sinking fund Answer the question. (Round your answer to the nearest cent.) $
What is the future value of $119,000 invested for 5 years at 8% compounded monthly? (a) State the type amortization future value present value ordinary annuity sinking fund (b) Answer the question. (Round your answer to the nearest cent.) $
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.) $22,000 after 8 years at 3% if the interest is compounded in the following ways. _________annually __________quarterly Find the effective rate of the compound interest rate or investment. (Round your answer to two decimal places.) 25% compounded monthly. [Note: This rate is a typical credit card interest rate, often stated as 2.1% per month.] ________% Since 2007, a particular fund returned 13.9% compounded monthly....
What annual deposit is necessary to have $13,000 in 5 years if all the money is deposited at 1.5% interest compounded annually? (a) State the type amortization present value of an annuity present value sinking fund ordinary annuity (b) Answer the question. (Round your answer to the nearest cent.) $
Find the future value for the ordinary annuity with the given payment and interest rate SER payment is $850; 1.80% compounded semiannually for 2 years. The future value of the ordinary annuity is $ (Do not round until the final answer. Then round to the nearest cent as needed.).
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 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.)
If an apartment complex will need painting in years and the job will cost $125,000, what amount needs to be deposited into an account now in order to have the necessary funds? The account pays 3% interest compounded semiannually. (a) State the type. O amortization O future value o ordinary annuity O present value O sinking fund (b) Answer the question. (Round your answer to the nearest cent.)
If an apartment complex will need painting in 3+ years and the job will cost $125,000, what amount needs to be deposited into an account now in order to have the necessary funds? The account pays 3% interest compounded semiannually. (a) State the type. O amortization O future value o ordinary annuity O present value O sinking fund (b) Answer the question. (Round your answer to the nearest cent.) $
The future value of a $10,000 annuity deposited at 12 percent compounded annually for each of next 5 years is: (Round to the nearest whole dollar) A. $40,376 B. $63,528 C. $71,154 D. $36,050 The future value of an ordinary annuity of $1,000 each year for 10 years, deposited at 3 percent, is: (Round to the nearest whole dollar) A. $8,530 B. $11,464 C. $11,808 D. $10,000 Peter will receive $1,200 at the beginning of each of the next...