Find the payment that should be used for the annuity due whose future value is given
Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period. $17,000, quarterly payments for 12 years; interest rate 8.1% The payment should be $ (Do not round until the final answer. Then round to the nearest cent as needed.)
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Find the payment that should be used for the annuity due whose future value is given
Find the payment that should be used for the annuity due whose future value is given....
Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period. $21,000; quarterly payments for 10 years; interest rate 8.1%
Find the payment that should be used for the annuity due whose future value is given....
Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period. $21,000; quarterly payments for 16 years; interest rate 5.5%
Find the payment that should be used for the annuity due whose future value is given....
Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period. $21,000; quarterly payments for 14 years; interest rate 4.7% What should the payment be?
Assume that the compounding period is the same as the payment period $17,000, quarterly payments for 8 years, interest rate 4.3%
Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period $17,000, quarterly payments for 8 years, interest rate 4.3% The payment should be _______ (Do not round until the final answer. Then round to the nearest cent as needed.)
1. In order to accumulate enough money for a down payment on a house, a couple...
1. In order to accumulate enough money for a down payment on a house, a couple deposits $745 per month into an account paying 6% compounded monthly. If payments are made at the end of each period, how much money will be in the account in 6 years? 2. Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period. $14,000; quarterly payments...
Find the future value for the ordinary annuity with the given payment and interest rate SER...
Find the future value for the ordinary annuity with the given payment and interest rate SER payment is $850; 1.80% compounded semiannually for 2 years. The future value of the ordinary annuity is $ (Do not round until the final answer. Then round to the nearest cent as needed.).
2. For the following annuity due, determine the nominal annual rate of interest. Future Value Term...
2. For the following annuity due, determine the nominal annual rate of interest. Future Value Term Present Value Periodic Rent Payment Period Conversion Period monthly $2,581 $540 1 year 4 years %. The nominal annual rate of interest is (Round to two decimal places as needed.) 3. A company borrowed $13,000 paying interest at 8% compounded quarterly. If the loan is repaid by payments of $1800 made at the end of each 3 months, construct a partial amortization schedule showing...
Find the future value of the following ordinary simple annuity. Periodic Payment - $480.00 Payment Interval...
Find the future value of the following ordinary simple annuity. Periodic Payment - $480.00 Payment Interval - 3 months Term - 10.25 years Interest Rate - 5% Conversion period - Quarterly The future value is $___ ? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Find the future value of the following ordinary annuity Periodic Payment Term Interest Rate Conversion Рayment...
Find the future value of the following ordinary annuity Periodic Payment Term Interest Rate Conversion Рayment Interval Period 13 years $1450 1 year 9% quarterly The future value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Use Table 12-1 to calculate the future value of the following annuity due. Round your answer...
Use Table 12-1 to calculate the future value of the following annuity due. Round your answer to the nearest cent. Click here for Table 12-1 Annuity Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Future Value of the Annuity every month monthly $ Solve the following by using Table 12-1. Suntech Distributors, Inc., deposits $6,000 at the beginning of each 3-month period for 6 years in an account paying 6% interest compounded quarterly. Round your answers to...
Find the future value for the ordinary annuity with the given payment and interest rate SER payment is $850; 1.80% compounded semiannually for 2 years. The future value of the ordinary annuity is $ (Do not round until the final answer. Then round to the nearest cent as needed.).
2. For the following annuity due, determine the nominal annual rate of interest. Future Value Term Present Value Periodic Rent Payment Period Conversion Period monthly $2,581 $540 1 year 4 years %. The nominal annual rate of interest is (Round to two decimal places as needed.) 3. A company borrowed $13,000 paying interest at 8% compounded quarterly. If the loan is repaid by payments of $1800 made at the end of each 3 months, construct a partial amortization schedule showing...
Find the future value of the following ordinary annuity Periodic Payment Term Interest Rate Conversion Рayment Interval Period 13 years $1450 1 year 9% quarterly The future value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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