Complete the ordinary annuity. (Please use the following provided Table.) (Do not round intermediate calculations.)
| Amount of payment | Payment payable | Years | Interest rate | Value of annuity | |
| $12,000 | Semiannually | 8 | 7% | $ | |
Homework Answers
Correct Answer:
|
Amount of payment |
Payment payable |
Years |
interest rate |
value of annuity |
|
$ 12000 |
Semi-annually |
8 |
7% |
$ 251,652.00 |
Working:
FV of annuity = PV * factor rate at 7%/2 after (8*2) periods
= $ 12000 * $ 20.9710
= $ 251,652.00
End of answer.
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Complete the ordinary annuity. (Please use the following
provided Table.) (Do not round intermediate
calculations.)
Amount...
Amount of payment Payment payable Years Interest rate Value of annuity $12,200 Semiannually 7 8% $ ...
Amount of
payment
Payment
payable
Years
Interest
rate
Value of
annuity
$12,200
Semiannually
7
8%
$
Need value annuity=
Complete the following for the present value of an ordinary
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calculations. Round your answer to the nearest
cent.)
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After paying off a car loan or credit card, don’t remove this amount from your budget....
After paying off a car loan or credit card, don’t remove this
amount from your budget. Instead, invest in your future by applying
some of it to your retirement account. How much would $380 invested
at the end of each quarter be worth in 12 years at 6% interest?
(Please use the following provided Table.) (Do not round
intermediate calculations. Round your answer to
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Amount of after 12 years :
- bal х Sent Mail - brahm...
TABLE 1 Future Value of $1 FV=$1 (1 + i)n 1.5% n/i 1.0% 2.0% 2.5% 3.0%...
TABLE 1 Future Value of $1 FV=$1 (1 + i)n 1.5% n/i 1.0% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% 12.0% 13.0% 1.01000 1.01500 1.02000 1.02500 1.03000 1.03500 1.04000 1.04500 1.05000 1.05500 1.06000 1.07000 1.08000 1.09000 1.10000 1.11000 1.12000 1.13000 2 1.02010 1.03022 1.04040 1.05063 1.06090 1.07123 1.08160 1.09203 1.10250 1.11303 1.12360 1.14490 1.16640 1.18810 121000 1.23210 125440 127690 3 1.03030 1.04568 1.06121 1.07689 1.09273 1.10872 1.12486 1.14117 1.15763 1.17424 1.19102 1.22504 1.25971...
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Amount of
payment
Payment
payable
Years
Interest
rate
Value of
annuity
$12,200
Semiannually
7
8%
$
Need value annuity=
Complete the following for the present value of an ordinary
annuity. (Use Table13.2.) (Do not round intermediate
calculations. Round your answer to the nearest
cent.)
Future value interest factor of an ordinary annuity of $1 per period at i% for n periods. FVIFA(im) 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.00001.00OD 1.0000 1.0000 1.00001.0000 1.0000 1.0000 1.0000 1.000 2...
After paying off a car loan or credit card, don’t remove this
amount from your budget. Instead, invest in your future by applying
some of it to your retirement account. How much would $380 invested
at the end of each quarter be worth in 12 years at 6% interest?
(Please use the following provided Table.) (Do not round
intermediate calculations. Round your answer to
the nearest cent.)
Amount of after 12 years :
- bal х Sent Mail - brahm...
TABLE 1 Future Value of $1 FV=$1 (1 + i)n 1.5% n/i 1.0% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% 12.0% 13.0% 1.01000 1.01500 1.02000 1.02500 1.03000 1.03500 1.04000 1.04500 1.05000 1.05500 1.06000 1.07000 1.08000 1.09000 1.10000 1.11000 1.12000 1.13000 2 1.02010 1.03022 1.04040 1.05063 1.06090 1.07123 1.08160 1.09203 1.10250 1.11303 1.12360 1.14490 1.16640 1.18810 121000 1.23210 125440 127690 3 1.03030 1.04568 1.06121 1.07689 1.09273 1.10872 1.12486 1.14117 1.15763 1.17424 1.19102 1.22504 1.25971...
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