Homework Answers
As per HOMEWORKLIB RULES we are allowed to answer only one question, but i have answered both questions....so, kindly upvote, comment if you need any clarification. Thank you
In the 1 question p value is not clear, whether it is 98,000 or 88,000. so, i take 98,000.
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11 $90,000 invested in an annuity that compounded quarterly, what payments will it provide at the...
Suppose $200,000 used to establish an annuity that earns 8%, compounded quarterly, and pays $5500 at...
Suppose $200,000 used to establish an annuity that earns 8%, compounded quarterly, and pays $5500 at the end of each quarter How long will it be until the account balance is $02 (Round your answer UP to the newest quarter.) quarters Find the present value of an annuity due that pays $2000 at the beginning of each quarter for the next 6 years. Assume that money is worth 6.6%, compounded quarterly. (Round your answer to the nearest cont.) $ Need...
를 years at 9%, compounded quarterly. (Round your answer to the nearest cent.) Find the future...
를 years at 9%, compounded quarterly. (Round your answer to the nearest cent.) Find the future value of an annuity due of $900 each quarter for 8 $45233.98 X Need Help? Raad Marit Talk to Tutor Suppose a state lottery prize is to be paid in 25 payments of $120,000 each at the end of each of the next 25 years. If money is worth 8%, compounded annually, what is the present value of the prize? (Round your answer to...
If $84,000 is invested in an annuity that earns 5.4%, compounded quarterly, what payments will it...
If $84,000 is invested in an annuity that earns 5.4%, compounded quarterly, what payments will it provide at the end of each quarter for the next 4 1/2years? (Round your answer to the nearest cent.)
NI- years? (Round your an If $88,000 is invested in an annuity that eams 5.8%, compounded...
NI- years? (Round your an If $88,000 is invested in an annuity that eams 5.8%, compounded quarterly, what payments will it provide at the end of each quarter for the next 8 nearest cent.) X Need Help? $173536 Read it Tik to a Tutor Find the present value of an annuity due that pays $2000 at the beginning of each quarter for the next 6 years. Assume that money is worth 6.6%, compounded quarterly. (Round your answer to the nearest...
What amount must be set aside now to generate payments of $40,000 at the beginning of...
What amount must be set aside now to generate payments of $40,000 at the beginning of each year for the next 10 years if money is worth 5.80%, compounded annually (Round your answer to the nearest cent Need Help? Rends We Talk to Tur Suppose an annuity will pay $14,000 at the beginning of each year for the next years. How much money is needed to start this annuity if it earns 7.7%, compounded annually (Round your answer to the...
Suppose a state lottery prize is to be paid in 25 payments of $120,000 each at...
Suppose a state lottery prize is to be paid in 25 payments of $120,000 each at the end of each of the next 25 years. If money is worth 8%, compounded annually, what is the present value of the prize? (Round your answer to the nearest ont.) $ 17580,000 is invested in an annuity that came 5.5. Compounded quarterly what payments will it provide at the end of each quarter for the next Dearest cent. $ years? (Round your answer...
Suppose an annuity will pay $15,000 at the beginning of each year for the next 7...
Suppose an annuity will pay $15,000 at the beginning of each year for the next 7 years. How much money is needed to start this annuity if it earns 7.5%, compounded annually? (Round your answer to the nearest cent.) $ Suppose $200,000 is used to establish an annuity that earns 7%, compounded quarterly, and pays $5500 at the end of each quarter. How long will it be until the account balance is $07 (Round your answer Up to the nearest...
Suppose a state lottery prize is to be paid in 25 payments of $120,000 each at...
Suppose a state lottery prize is to be paid in 25 payments of $120,000 each at the end of each of the next 25 years. If money is worth 4, compounded annually, what is the present value of the prize? (Round your answer to the nearest cont.) $ 60000 X with a present value of $140,000, what is the size of the withdrawals that can be made at the end of each quarter for the next 10 years if money...
How much must be invested at the beginning of each year at 8%, compounded annually, to...
How much must be invested at the beginning of each year at 8%, compounded annually, to pay off a debt of $20,000 in 6 years? (a) State whether the problem relates to an ordinary annuity or an annuity due. O ordinary annuity annuity due (b) solve the problem. (Round your answer to the nearest cent.) $4005.84 X A house is rented for 56,600 per quarter, with each rent payable due at the beginning of each quarter. If money is worth...
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4...
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4 years. Round to the nearest cent How much should Austin have in a savings account that is earning 4.50% compounded quarterly, if he plans to withdraw $2,400 from this account at the end of every quarter for 9 years? Round to the nearest cent Zachary deposits $350 at the end of every quarter for 4 years and 6 months in a retirement fund at...
Suppose $200,000 used to establish an annuity that earns 8%, compounded quarterly, and pays $5500 at the end of each quarter How long will it be until the account balance is $02 (Round your answer UP to the newest quarter.) quarters Find the present value of an annuity due that pays $2000 at the beginning of each quarter for the next 6 years. Assume that money is worth 6.6%, compounded quarterly. (Round your answer to the nearest cont.) $ Need...
를 years at 9%, compounded quarterly. (Round your answer to the nearest cent.) Find the future value of an annuity due of $900 each quarter for 8 $45233.98 X Need Help? Raad Marit Talk to Tutor Suppose a state lottery prize is to be paid in 25 payments of $120,000 each at the end of each of the next 25 years. If money is worth 8%, compounded annually, what is the present value of the prize? (Round your answer to...
NI- years? (Round your an If $88,000 is invested in an annuity that eams 5.8%, compounded quarterly, what payments will it provide at the end of each quarter for the next 8 nearest cent.) X Need Help? $173536 Read it Tik to a Tutor Find the present value of an annuity due that pays $2000 at the beginning of each quarter for the next 6 years. Assume that money is worth 6.6%, compounded quarterly. (Round your answer to the nearest...
What amount must be set aside now to generate payments of $40,000 at the beginning of each year for the next 10 years if money is worth 5.80%, compounded annually (Round your answer to the nearest cent Need Help? Rends We Talk to Tur Suppose an annuity will pay $14,000 at the beginning of each year for the next years. How much money is needed to start this annuity if it earns 7.7%, compounded annually (Round your answer to the...
Suppose a state lottery prize is to be paid in 25 payments of $120,000 each at the end of each of the next 25 years. If money is worth 8%, compounded annually, what is the present value of the prize? (Round your answer to the nearest ont.) $ 17580,000 is invested in an annuity that came 5.5. Compounded quarterly what payments will it provide at the end of each quarter for the next Dearest cent. $ years? (Round your answer...
Suppose an annuity will pay $15,000 at the beginning of each year for the next 7 years. How much money is needed to start this annuity if it earns 7.5%, compounded annually? (Round your answer to the nearest cent.) $ Suppose $200,000 is used to establish an annuity that earns 7%, compounded quarterly, and pays $5500 at the end of each quarter. How long will it be until the account balance is $07 (Round your answer Up to the nearest...
Suppose a state lottery prize is to be paid in 25 payments of $120,000 each at the end of each of the next 25 years. If money is worth 4, compounded annually, what is the present value of the prize? (Round your answer to the nearest cont.) $ 60000 X with a present value of $140,000, what is the size of the withdrawals that can be made at the end of each quarter for the next 10 years if money...
How much must be invested at the beginning of each year at 8%, compounded annually, to pay off a debt of $20,000 in 6 years? (a) State whether the problem relates to an ordinary annuity or an annuity due. O ordinary annuity annuity due (b) solve the problem. (Round your answer to the nearest cent.) $4005.84 X A house is rented for 56,600 per quarter, with each rent payable due at the beginning of each quarter. If money is worth...
Calculate the accumulated amount of end-of-month payments of $5,000 made at 3.21% compounded quarterly for 4 years. Round to the nearest cent How much should Austin have in a savings account that is earning 4.50% compounded quarterly, if he plans to withdraw $2,400 from this account at the end of every quarter for 9 years? Round to the nearest cent Zachary deposits $350 at the end of every quarter for 4 years and 6 months in a retirement fund at...
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