Future Value of an Annuity Due What is the future value on December 31, 2025, of...
Future Value of an Annuity Due What is the future value on December 31, 2025, of 6 annual cash flows of $50,000 with the first cash flow being made on December 31, 2019, and interest at 9% compounded annually?
Homework Answers
Future value of an annuity due is calculated using the FV function:-
=FV(rate,nper,pmt,pv,1)
=FV(9%,6,50000,,1)
=410021.73
Add Answer to:
Future Value of an Annuity Due What is the future value on
December 31, 2025, of...
1.Future Value: Ordinary Annuity versus Annuity Due What is the future value of a 3%, 5-year...
1.Future Value: Ordinary Annuity versus Annuity Due What is the future value of a 3%, 5-year ordinary annuity that pays $250 each year? Round your answer to the nearest cent. $ If this were an annuity due, what would its future value be? Round your answer to the nearest cent. $ 2. Present and Future Value of an Uneven Cash Flow Stream An investment will pay $100 at the end of each of the next 3 years, $400 at the...
Exercise A3-20 (Algorithmic) Future Values of an Annuity Use Future Value Tables or your calculator to...
Exercise A3-20 (Algorithmic) Future Values of an Annuity Use Future Value Tables or your calculator to complete the requirements below. On December 31, 2020, you sign a contract to make annual deposits of $5,200 in an investment account that earns 10%. The first deposit is made on December 31, 2020. Required: 1. Calculate what the balance in this investment account will be just after the seventh deposit has been made if interest is compounded annually. Round your answer to the...
Find the future value of the following annuity due. Assume that interest is compounded annually, there...
Find the future value of the following annuity due. Assume that interest is compounded annually, there are n payments of R dollars, and the interest rate is i. R;13,000 i;0.03 n=6
Exercise A3-11 Practice with Tables Use Future Value Tables and Present Value Tables, or your calculator,...
Exercise A3-11 Practice with Tables Use Future Value Tables and Present Value Tables, or your calculator, to complete the requirements below. Required: Round your answers to the nearest cent. a. Determine the future value of a single cash flow of $5,000 that earns 7% interest compounded annually for 10 years. $ b. Determine the future value of an annual annuity of 10 cash flows of $500 each that earns 7% compounded annually. $ c. Determine the present value of $5,000...
1. What is the future value of the annuity if one needs to pay annually, the...
1. What is the future value of the annuity if one needs to pay annually, the present value is P68,000.00 with an interest rate of 5% compounded quarterly, and the total payment of 11? 2.What is the regular payment of the annuity if one needs to pay quarterly, the present value is P125,000.00 with an interest rate of 6% compounded monthly, and the total payment of 25? 3.What is the regular payment of the annuity if one needs to pay...
Calculate the future value of the following annuities, assuming each annuity payment is made at the...
Calculate the future value of the following annuities, assuming
each annuity payment is made at the end of each compounding period.
(FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate
factor(s) from the tables provided. Round your answers to 2 decimal
places.)
Future Value of Annuity 1. Annuity Payment $ 3,000 6,000 5,000 Annual Rate 7 % 8 % 12 % Interest Period Compounded Invested Annually 6 years Semiannually 9 years Quarterly 5 years...
Find the future value of the following annuity due. Assume that interest is compounded annually, there...
Find the future value of the following annuity due. Assume that interest is compounded annually, there are n payments of R dollars, and the interest rate is i. R; 15,000 i; 0.03 n =8
19. (Calculating the future value of an annuity) Find the future value of an annuity that pays €8,000 a year for 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?
Find the future value of the annuity due. Assume that interest is compounded annually, unless otherwise...
Find the future value of the annuity due. Assume that interest is compounded annually, unless otherwise indicated. $200 deposited at the beginning of each quarter for 7 years at 4.6% compounded quarterly $6638.11 $1682.71 $6362.64 $6090.30
1. Calculate the future value of a 23-year annuity with payments of $9,000 each year and...
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...
1. What is the future value of the annuity if one needs to pay annually, the present value is P68,000.00 with an interest rate of 5% compounded quarterly, and the total payment of 11? 2.What is the regular payment of the annuity if one needs to pay quarterly, the present value is P125,000.00 with an interest rate of 6% compounded monthly, and the total payment of 25? 3.What is the regular payment of the annuity if one needs to pay...
Calculate the future value of the following annuities, assuming
each annuity payment is made at the end of each compounding period.
(FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate
factor(s) from the tables provided. Round your answers to 2 decimal
places.)
Future Value of Annuity 1. Annuity Payment $ 3,000 6,000 5,000 Annual Rate 7 % 8 % 12 % Interest Period Compounded Invested Annually 6 years Semiannually 9 years Quarterly 5 years...
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?
Find the future value of the annuity due. Assume that interest is compounded annually, unless otherwise indicated. $200 deposited at the beginning of each quarter for 7 years at 4.6% compounded quarterly $6638.11 $1682.71 $6362.64 $6090.30
Most questions answered within 3 hours.
-
A marketing executive who knowingly authorizes a shoddy
defective product to be brought to market is...
asked 2 minutes ago -
Write a psudocode:
1. Define a function called authorize that takes in 2 strings,
uName, and...
asked 7 minutes ago -
What Hall voltage (in mV) is produced by a 0.180 T field applied
across a 2.60...
asked 6 minutes ago -
What mass of ethylene glycol (C2H6O2) must be added to 211.0 g
of water to obtain...
asked 8 minutes ago -
Mary's employer has a defined benefits retirement plan, which
pay 3.2% of her last year's salary...
asked 12 minutes ago -
What are the characteristics and behavior of an ethical
manager?
Explain, in your words, what ethics...
asked 28 minutes ago -
1. Which of the following is NOT an argument that McMahan uses
to show that jus...
asked 49 minutes ago -
A crate slides up a frictionless slope. At the end of 3 seconds
its velocity is...
asked 1 hour ago -
Use the following information to answer the next seven
questions.
Suppose there are three potential states...
asked 1 hour ago -
If we only have interstitial and substitutional diffusion, then
what do we consider the process of...
asked 1 hour ago -
You look at yourself in a shiny 9.6-cm-diameter Christmas tree
ball.
If your face is 21.0...
asked 1 hour ago -
If we were to measure the relaxation time of a muscle after
undergoing tetanus compared to...
asked 1 hour ago