Question 3 Calculate the Sinking Fund (Future value of an annuity) for the following regular payments,...

Question

Question

Answer 1

Answer #1

A/c balance after 8 years Px[(1+r)^n-1)=r| Here, 6.5% A Interest rate per annum B Number of years C Number of payments per pe

*Please rate thumbs up

Answer 2

Similar Homework Help Questions

Question 4 Calculate the Sinking Fund (Future value of an annuity) for the following regular payments,...

Question 4 Calculate the Sinking Fund (Future value of an annuity) for the following regular payments, interest rates and payment periods: R = 51200.- 4.6, quarterly payments for 15 years. S = ((1+i)-1)/) XR $387.547.10 $247,863.24 5102.874.54 5645,345.81
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...
5.What is the regular payment of the annuity if one needs to pay semi-annually, the future...

5.What is the regular payment of the annuity if one needs to pay semi-annually, the future value is P275,000.00 with an interest rate of 3% compounded quarterly, and the total payment of 20? 6.What is the future value of the annuity if the quarterly payment is P500.00 with an interest rate of 2% compounded monthly and the total payments is 25? 7.What is the future value of the annuity if one needs to pay quarterly, the present value is P125,000.00...

To calculate the future value of an annuity (savings plan), we use the formula: FV =...

To calculate the future value of an annuity (savings plan), we use the formula: FV = PMT[(1 + rin) nt) - 1]/(r/n) where PMT is the payment amount that is deposited on a regular basis, r is the APR, n is the number of regular payments made each year and FV is the future value after t years. At the age of 25, Kyle starts an IRA (Individual Retirement Account) to save for retirement. He deposits $200 into the account...
$100 S $315.25 FVAN PMT 0.050 Future Value of Annuity 500 400 300 200 100 0...

$100 S $315.25 FVAN PMT 0.050 Future Value of Annuity 500 400 300 200 100 0 1 2 Period Int 5 10 5 PMT = 100 200 400 N 3 1. What is the approximate future value of an annuity after 10 years with payments each period of $200, and an interest rate of 6%? a. $1,257.59 b. $2,515.58 c. $2,636.16 d. $3,187.48 -Select- 2. Set the sliders so that the interest rate is 5%, the payment is $100, and...
Question 6 Calculate the present value of an annuity for a regular payment of 1,025, an...

Question 6 Calculate the present value of an annuity for a regular payment of 1,025, an annual interest rate of 6.25%, compounded quarterly for 12 years. D-RX (1+(1+))/

A sinking fund amounting to $20,000 is to be created by making payments at the beginning...

A sinking fund amounting to $20,000 is to be created by making payments at the beginning of every 3 months for 8 years. Interest earned by the fund is 6.6% compounded quarterly. Determine the size of the periodic payment and compute the interest earned during the fourth payment interval. Verify your answer by checking the sinking fund schedule. The size of the payment is $ nothing. (Round the final answer to the nearest cent as needed. Round all intermediate values...
8.4.19 Question Help • the future A The yearly interes t and the time in years...

8.4.19 Question Help • the future A The yearly interes t and the time in years are given below. Interest is compounded monthly Find the monthly payment needed to have a sinking lund sound A- $3.000 7.5% = 3 RES (Round up to the nearest cent) 8.4.37 Question Help Kristy Joe deposits $190 each month in an ordinary annuity to save for a new car. If the annuity pays a monthly interest rate of 0.89% how much will she be...
Use the formula for the future value of an ordinary annuity to calculate A with the...

Use the formula for the future value of an ordinary annuity to calculate A with the monthly payment Requals=$700, the annual interest rate requals=7.5% and the number of monthly payments nequals=30.

4.What is the present value of the deferred annuity if the regular payment is P15,000.00 every...

4.What is the present value of the deferred annuity if the regular payment is P15,000.00 every month, the interest rate is 8% compounded monthly, with an actual payments of 24, and the period of deferral is 12? 5. What is the present value of the deferred annuity if the regular payment is P5,000.00 every year, the interest rate is 5% compounded annually, with an actual payments of 6, and the period of deferral is 12? 6.What is the present value...