a) | Future Value of Annuity = | P ( (1 + r)n - 1 ) / r | |
430* ((1 + 6%)^12 - 1) / (6%) | |||
7254.07 | POUNDS | ||
b) | Future Value of Annuity = | P ( (1 + r)n - 1 ) / r | |
56* ((1 + 8%)^8 - 1) / (8%) | |||
595.65 | EURO | ||
c) | Future Value of Annuity = | P ( (1 + r)n - 1 ) / r | |
75* ((1 + 3%)^5 - 1) / (3%) | |||
398.19 | DOLLARS | ||
d) | Future Value of Annuity = | P ( (1 + r)n - 1 ) / r | |
120* ((1 + 10%)^3 - 1) / (10%) | |||
397.20 | POUND |
6-1. (Calculating the future value of an ordinary annuity) Calculate the future value of each of...
(Calculating the future value of an ordinary annuity) Calculate the future value of each of the following streams of payments. a. £430 a year for 12 years compounded annually at 6 percent. b. €56 a year for 8 years compounded annually at 8 percent. c. $75 a year for 5 years compounded annually at 3 percent. d. £120 a year for 3 years compounded annually at 10 percent.
question from 1 through 6 • value of each ance Annuities lab.com s onine 6-1. (Calculating the future value of an ordinary annuity Calculate the future valu edback the following streams of payments. a. £430 a year for 12 years compounded annually at 6 percent. b. €56 a year for 8 years compounded annually at 8 percent. c. $75 a year for 5 years compounded annually at 3 percent. d. £120 a year for 3 years compounded annually at 10...
19. (Calculating the future value of an annuity) Find the future value of an annuity that pays €8,000 a year for 10 years at 6 percent compounded annually. What will be the future value if it was compounded at 10 percent?
P6-1 (similar to) (Future value of an ordinary annuity) What is the future value of $500 per year for 10 years compounded annually at 10 percent? The future value of $500 per year for 10 years compounded annually at 10 percent is $ (Round to the nearest cent.)
Calculate the future value of the following annuity streams: a. $8,000 received each year for 6 years on the last day of each year if your investments pay 7 percent compounded annually. b. $8,000 received each quarter for 6 years on the last day of each quarter if your investments pay 7 percent compounded quarterly. c. $8,000 received each year for 6 years on the first day of each year if your investments pay 7 percent compounded annually. d. $8,000...
Calculate the future value of the following annuity streams: a. $6,000 received each year for 4 years on the last day of each year if your investments pay 6 percent compounded annually. b. $6,000 received each quarter for 4 years on the last day of each quarter if your investments pay 6 percent compounded quarterly. c. $6,000 received each year for 4 years on the first day of each year if your investments pay 6 percent compounded annually. d. $6,000...
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...
1. Calculate the future value of a 23-year annuity with payments of $9,000 each year and an interest rate of 9% compounded annually. Round your answer to the nearest cent. 2. An annuity consists of quarterly payments of $1,500 each for 10 years at an interest rate of 6% compounded quarterly. Compute the future value of the annuity. Round your answer to the nearest cent. 3. Calculate the amount of each monthly payment in a 1-year annuity that has a...
Please show detailed work. Thank You. (Future value of an ordinary annuity) What is the future value of $500 per year for 10 years compounded annually at 5 percent? The future value of $500 per year for 10 years compounded annually at 5 percent is $nothing . (Round to the nearest cent.)
Need help with this, thank you! Calculate the future value of the following annuity streams: a. $4,00O received each year for 6 years on the last day of each year if your investments pay 5 percent compounded annually b. $4,00O received each quarter for 6 years on the last day of each quarter if your investments pay 5 percent compounded quarterly c. $4,0OO received each year for 6 years on the first day of each year if your investments pay...