Use the ordinary annuity formula shown to the right to determine the accumulated amount in the annuity.
$
invested
for
years at
%
interest rate compounded monthly
$?
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Use the ordinary annuity formula shown to the right to determine the accumulated amount in the annuity if $20 is invested semiannually for 10 years at 4.0% compounded semiannually.
2. A 3 -month $25,000 treasury bill with a simple annual discount rate of 0.24% was sold in 2016. Assume 365 days in a year. (a) Find the price of the treasury bill (T-bill). (b) Find the actual interest rate paid by the Treasury. 3.Find the compound amount for the deposit and the amount of interest earned $19,000 at 3% compounded monthly for 18 years. The compound amount after 18 years is $____ 4.Find the interest rate for a $6000 deposit...
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,...
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.) $22,000 after 8 years at 3% if the interest is compounded in the following ways. _________annually __________quarterly Find the effective rate of the compound interest rate or investment. (Round your answer to two decimal places.) 25% compounded monthly. [Note: This rate is a typical credit card interest rate, often stated as 2.1% per month.] ________% Since 2007, a particular fund returned 13.9% compounded monthly....
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 made at the end of the compounding period. Find the accumulated amount of the amount of annuity. $1000 monthly at 4.2% for 20 years
1. You won $100 000 in a lottery and you want to set some of that sum aside for 10 years. After 10 years, you would like to receive $2400 at the end of every 3 months for 8 years. How much of your winnings must you set aside if interest is 5.5% compounded quarterly? 2. A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After the last deposit, interest...
Find the payment made by the ordinary annuity with the given present value. $81,819; monthly payments for 18 years; interest rate is 5.2%, compounded monthly The payment is $_______ Find the amount necessary to fund the given withdrawals. Monthly withdrawals of $550 for 8 years; interest rate is 5.7% compounded monthly. The amount necessary to fund the given withdrawals is $_______
1. Calculate the present value of $50,000 to be received in 15 years assuming an annual interest rate of 6%. 2. Calculate the present value of $1,000,000 to be received in 20 years assuming an annual interest rate of 5%, compounded monthly. 3. Calculate the future value of $1,000 invested for 5 years assuming an annual interest rate of 20%. 4. Calculate the future value of $12,000 invested for 18 years assuming an annual interest rate of 12%, compounded monthly....
Determine the amount of money that must be invested now (time 0) at 7% nominal interest, compounded monthly, to provide an annuity of $5,000 per year for 12 years, starting eight years from now. The interest rate remains constant over this entire period of time. The amount of money that must be invested now is $