An annuity providing a rate of return of 6% compounded monthly was purchased for $46,000. The...
|
An annuity providing a rate of return of 6% compounded monthly was purchased for $46,000. The annuity pays $400 at the end of each month. What will be the amount of the final payment? (Round your answer to 2 decimal places.) |
|
| Final payment $ | |
Homework Answers
Add Answer to:
An annuity providing a rate of return of 6% compounded monthly
was purchased for $46,000. The...
An annuity providing a rate of return of 4.8% compounded monthly was purchased for $46,000. The...
An annuity providing a rate of return of 4.8% compounded monthly was purchased for $46,000. The annuity pays $400 at the end of each month. What will be the principal portion of Payment 92? (Round your answer to 2 decimal places.) Principal $
An annuity providing a rate of return of 4.8% compounded monthly was purchased for $45,000. The...
An annuity providing a rate of return of 4.8% compounded monthly was purchased for $45,000. The annuity pays $400 at the end of each month. What will be the amount of the final payment? (Round your answer to 2 decimal places.) Final payment
An annuity providing a rate of return of 4.8% compounded monthly was purchased for $41,000. The...
An annuity providing a rate of return of 4.8% compounded monthly was purchased for $41,000. The annuity pays $400 at the end of each month. What will be the principal portion of Payment 92? (Round your answer to 2 decimal places.) Principal $ A An annuity providing a rate of return of 4.8% compounded monthly was purchased for $41,000. The annuity pays $400 at the end of each month. What will be the principal portion of Payment 92? (Round your...
An annuity providing a rate of return of 4.8% compounded monthly was purchased for $45,000. The...
An annuity providing a rate of return of 4.8% compounded monthly was purchased for $45,000. The annuity pays $300 at the end of each month. What will be the principal portion of Payment 92? (Round your answer to 2 decimal places.)
An annuity providing a rate of return of 4.8% compounded monthly was purchased for $43,000. The...
An annuity providing a rate of return of 4.8% compounded monthly was purchased for $43,000. The annuity pays $500 at the end of each month. What will be the principal portion of Payment 92? (Round your answer to 2 decimal places.) Principal $
1- In the following ordinary annuity, the interest is compounded with each payment, and the payment...
1- In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the amount of time needed for the sinking fund to reach the given accumulated amount. (Round your answer to two decimal places.) $275 monthly at 5.6% to accumulate $25,000. _________yr 2- Determine the amount due on the compound interest loan. (Round your answers to the nearest cent.) $18,000 at 3% for 15 years if...
In the following ordinary annuity, the interest is compounded with each payment, and the payment is...
In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. Find the amount of time needed for the sinking fund to reach the given accumulated amount. (Round your answer to two decimal places.) $295 monthly at 5.6% to accumulate $25,000.
2) since 2007, a particular fund returned 13.5% compounded monthly
2) since 2007, a particular fund returned 13.5% compounded monthly. How much would a $6000 investment in this phone have been worth after two years? Round your answer to the nearest cent. 3.) In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding.. Find the accumulated amount of the annuity. Round your answer to the nearest cent. $5500 annually at 5% for 10 years. in the following ordinary annuity,...
If you could include work and formulas that would be great, thanks! A 9-year annuity pays...
If you could include work and formulas that would be great,
thanks!
A 9-year annuity pays $3,000 per month, and payments are made at the end of each month. The interest rate is 9 percent compounded monthly for the first four years, and 7 percent compounded monthly thereafter. What is the present value of the annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present valuc References eBook & Resources
1.Future Value: Ordinary Annuity versus Annuity Due What is the future value of a 3%, 5-year...
1.Future Value: Ordinary Annuity versus Annuity Due What is the future value of a 3%, 5-year ordinary annuity that pays $250 each year? Round your answer to the nearest cent. $ If this were an annuity due, what would its future value be? Round your answer to the nearest cent. $ 2. Present and Future Value of an Uneven Cash Flow Stream An investment will pay $100 at the end of each of the next 3 years, $400 at the...
If you could include work and formulas that would be great,
thanks!
A 9-year annuity pays $3,000 per month, and payments are made at the end of each month. The interest rate is 9 percent compounded monthly for the first four years, and 7 percent compounded monthly thereafter. What is the present value of the annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present valuc References eBook & Resources
Most questions answered within 3 hours.
-
What's the streaming business's problem on the
horizon?
asked 43 minutes ago -
I need help with writing the conclusion for this online lab
report
Abstract
By testing the...
asked 55 minutes ago -
For the reaction 1N2+3H2-----> 2NH3, would the reaction rate
trend be: delta[NH3]/ delta t = -2...
asked 1 hour ago -
Within your current/past organization, identify a problem/issue
and format a design to address same. You may...
asked 1 hour ago -
A sock stuck to the side of a clothes-dryer barrel has a
centripetal acceleration of 24...
asked 2 hours ago -
A perfect gas undergoes an isentropic process such that its
volume doubles. If the ratio of...
asked 2 hours ago -
list the elements in groups 3A to 6A in the same order as in the
periodic...
asked 2 hours ago -
Estimating effect size. Peng and Chen (2014)
evaluated effect size estimates for various tests. In their...
asked 2 hours ago -
Write a script in MySQL that creates and calls a stored
procedure name test. This procedure...
asked 2 hours ago -
If we test the following: H0: μ = 17
vs. H1: μ ≠ 17 and the...
asked 3 hours ago -
in the past year TVG had revenues of 3 million, cost
of goods sold of $25...
asked 3 hours ago -
4) In a polypeptide, which bond cannot rotate because of its
partial double bond character?
The...
asked 3 hours ago