Future value of annuity=Annuity[(1+rate)^time period-1]/rate
1.Future value=1340[(1.09)^10-1]/0.09
=1340*15.1929297
=$20358.53(Approx)
2.Future value=5220[(1.1)^36-1]/0.1
=5220*299.126805
=$1561441.92(Approx)
3.Future value=3220[(1.07)^9-1]/0.07
=3220*11.9779887
=$38569.12(Approx)
4.Future value=7850[(1.11)^30-1]/0.11
=7850*199.020878
=$1562313.89(Approx).
For each of the following annuities, calculate the future value. (Do not round intermediate calculations and...
For each of the following annuities, calculate the future value. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Future Value Annual Payment Years Interest Rate $ $ 1,400 10 5 % 5,660 44 6 3,360 9 3 8,010 34 7
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For each of the following annuities, calculate the annual cash flow. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Cash Flow Years o Present Value $ 33,300 $ 31,000 $ 173,000 $ 246,900 Interest Rate 12 % 10 15 co 23 14
For each of the following, compute the future value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years Interest Rate | Future Value 13% 2,150 11 8,5527 74,355 - 14 181,796 8
For each of the following, compute the present value: (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years 14 Interest Rate Future value 8 %$ 14,551 14 42,557 15 877,073 8 541,164 5 30 35 l a. At 6.9 percent Interest, how long does it take to double your money? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b.At 6.9 percent Interest, how long...
For each of the following, compute the future value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Years Future Value Interest Rate 18 % Present Value 2,250 10,253 107,305 245,382 9 22 285
For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years 12 Interest Rate 4 % 9 12 11 4 16 21 Future Value $ . 42,317 798,382 655,816 R