Find the accumulated value of an annuity due with payments of $10,000 per quarter for 4 yrs, if interest is compounded monthly at a nominal rate of 6%.
Find the accumulated value of an annuity due with payments of $10,000 per quarter for 4...
1. Find the accumulated value of an annuity due of $500 payable at the beginning of every month for nine years at 8% compounded monthly. 2. Lily purchased a boat valued at $19 000 on an installment plan requiring equal monthly payment for four years. If the first payment is due on the date of purchase and interest is 6.2% compounded monthly, what is the size of the monthly payment? 3. A car can be purchased by paying $27 000...
3. Find the present value of an annuity-due with payments of $1,800 every 6 months for 8 years at a nominal rate of interest of 5% per annum compounded semian- nually. Answer: $24,086.48
Jean receives annuity payments at the end of every six months. If she deposits these payments in an account earning interest at 9% compounded monthly, what is the equivalent semi-annually compounded rate of interest? What sum of money must be deposited at the end of every 3 months into an account paying 6% compounded monthly to accumulate to $25,000 in 10 years? Irina deposited $150 in a savings account at the end of each month for 60 months. If the...
Find the Present Value of a 1 year annuity due of $484 per month if the interest rate is 1.99% compounded monthly.
Question 1 O out of 10 Find the future value of an annuity due, if payments are made of $400 and interest is 7.75% compounded monthly for 28 years. Selected Answer: c. $476,741.44
Find the accumulated value 32 years after the first payment is made of an annuity on which there are 6 payments of $970 each made at 4-year intervals. The nominal rate of interest convertible semiannually is 4.1%.
1. Calculate the accumulated value of an ordinary annuity of $4,200 a year for 6 years if the money is worth 71 2 %. 2. Find the future value of the cash flow of $600 a month for 5 years at 9% interest compounded monthly. 3. If Gabe makes a $450 deposit into his savings fund at the end of each quarter for 6 years, how much will he be able to collect at the end of the sixth year...
Find the future value of an annuity due of $2,000 paid at the beginning of each 6-month period for 6 years if the Interest rate is 6%, compounded semiannually (Round your answer to the nearest cent. $ Need Help? Talk to a A house is rented for $6,600 per quarter, with each rent payable due at the beginning of each quarter of money is worth 5%, compounded quarterly, and the rent is deposited in an account, what is the future...
Find the present value of an annuity due that pays $1,600.00 at the beginning of each quarter for 4 years, if interest is earned at a rate of 4%, compounded quarterly.
(1 point) An annuity-immediate makes payments of 200 per year payable quarterly for 8 years at an effective annual interest rate i = 3%. The accumulated value of this annuity is AV = (1 point) An annuity makes payments of 1700 at the end of every 9 years over 81 years at a nominal annual interest rate of 5.6% compounded quarterly. The present value of this annuity is PV =