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![Value today Px[(1+r)^n-1]=r Here, 5.1% 20 A Interest rate per annum B Number of years C Number of payments per per annum A:C](http://img.homeworklib.com/questions/424900e0-788e-11ea-a9cf-51b5c8c33adc.png?x-oss-process=image/resize,w_560)
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4 . value: 10.00 points Julianna has deposited $70 at the end of every month for...
value: 10.00 points An annuity consists of end-of-month payments of $150 continuing for 6.5 years. a....
value: 10.00 points An annuity consists of end-of-month payments of $150 continuing for 6.5 years. a. Based on a nominal rate of 10% compounded quarterly, calculate the annuity's present value. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value b. Based on a nominal rate of 10% compounded quarterly, calculate the annuity's future value. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value
value: 10.00 points Payments of $1500 will be made at the end of every quarter for...
value: 10.00 points Payments of $1500 will be made at the end of every quarter for 13.5 years. a. Using a nominal rate of 7.5% compounded semiannually, calculate the annuity's present value. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value $ b. Using a nominal rate of 7.5% compounded semiannually, calculate the annuity's future value (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value $
12 What is the future worth of P600 deposited at the end of every month for...
12. What is the future worth of P600 deposited at the end of every month for 4 years if the interest rate is 12% compounded quarterly?Ans P36.64113. A young woman 22 years old, has just graduated from college. She accepts a good job and desires to establish her own retirement Fund Ar the end of each year thereafter she plans to deposit P2,000 in a fund at 15% annual interest. How old will she be when the fund has an...
Liz deposited $600 at the end of every month into an RRSP for 8 years. The...
Liz deposited $600 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.50% compounded semi-annually for the first 3 years and changed to 4.75% compounded monthly for the next 5 years. What was the accumulated value of the RRSP at the end of 8 years? Round to the nearest cent
FINANCIAL UNIT 1) Andre deposited $800 in an account at the end of every 6 month...
FINANCIAL UNIT 1) Andre deposited $800 in an account at the end of every 6 month period for 7 years. The account paid 9% compounded semi-annually. a) How much money will be in the account on the date of the last deposit? (4 marks) b) How much interest will Andre have earned over the term? (1 mark)
What is the discounted value of $965.00 paid at the end of every month for 9...
What is the discounted value of $965.00 paid at the end of every month for 9 years if interest is 11% per annum compounded quarterly? The discounted value is $ . (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
For the last 8 years Paul has made deposits of $84.00 at the end of every...
For the last 8 years Paul has made deposits of $84.00 at the end of every month earning interest at 9% compounded monthly. If he leaves the accumulated balance for another 5 years at 5% compounded quarterly, what will the balance be in the account? The balance will be $__? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Question 6 of 11 Brian deposited $900 at the end of every month into an RRSP...
Question 6 of 11 Brian deposited $900 at the end of every month into an RRSP for 7 years. The interest rate earned was 5.75% compounded semi-annually for the first 4 years and changed to 6.00% compounded monthly for the next 3 years. What was the accumulated value of the RRSP at the end of 7 years? Round to the nearest cent Submit Question Next Question
Adrian deposited $1,400 at the end of every month into an RRSP for 8 years. The...
Adrian deposited $1,400 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.50% compounded semi-annually for the first 3 years and changed to 4.75% compounded monthly for the next 5 years. What was the accumulated value of the RRSP at the end of 8 years?
Ali deposited $1,200 at the end of every month into an RRSP for 6 years. The...
Ali deposited $1,200 at the end of every month into an RRSP for 6 years. The interest rate earned was 5.50% compounded semi-annually for the first 3 years and changed to 5.75% compounded monthly for the next 3 years. What was the accumulated value of the RRSP at the end of 6 years?
value: 10.00 points An annuity consists of end-of-month payments of $150 continuing for 6.5 years. a. Based on a nominal rate of 10% compounded quarterly, calculate the annuity's present value. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value b. Based on a nominal rate of 10% compounded quarterly, calculate the annuity's future value. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value
value: 10.00 points Payments of $1500 will be made at the end of every quarter for 13.5 years. a. Using a nominal rate of 7.5% compounded semiannually, calculate the annuity's present value. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value $ b. Using a nominal rate of 7.5% compounded semiannually, calculate the annuity's future value (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value $
FINANCIAL UNIT 1) Andre deposited $800 in an account at the end of every 6 month period for 7 years. The account paid 9% compounded semi-annually. a) How much money will be in the account on the date of the last deposit? (4 marks) b) How much interest will Andre have earned over the term? (1 mark)
What is the discounted value of $965.00 paid at the end of every month for 9 years if interest is 11% per annum compounded quarterly? The discounted value is $ . (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Question 6 of 11 Brian deposited $900 at the end of every month into an RRSP for 7 years. The interest rate earned was 5.75% compounded semi-annually for the first 4 years and changed to 6.00% compounded monthly for the next 3 years. What was the accumulated value of the RRSP at the end of 7 years? Round to the nearest cent Submit Question Next Question
Adrian deposited $1,400 at the end of every month into an RRSP for 8 years. The interest rate earned was 4.50% compounded semi-annually for the first 3 years and changed to 4.75% compounded monthly for the next 5 years. What was the accumulated value of the RRSP at the end of 8 years?
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