Question

Suppose $200,000 used to establish an annuity that earns 8%, compounded quarterly, and pays $5500 at the end of each quarter
Find the present value of an annuity due that pays $2000 at the beginning of each quarter for the next 6 years. Assume that m
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 mone
Suppose an antvality will pay $14,000 at the beginning of each year for the next 8 years. How much money is needed to start t
0 0
Add a comment Improve this question Transcribed image text
Answer #1

1.

use excel function, number of quarter will be

=NPER(rate,pmt,pv,fv)

=(NPER(8%/4,5500,-200000,0))/4

=65.61 or 66 quarters

the above is answer..

we do only one question at a time.

Add a comment
Know the answer?
Add Answer to:
Suppose $200,000 used to establish an annuity that earns 8%, compounded quarterly, and pays $5500 at...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 11 $90,000 invested in an annuity that compounded quarterly, what payments will it provide at the...

    11 $90,000 invested in an annuity that compounded quarterly, what payments will it provide at the end of each quarter for the next 2. years? (Round your answer to the nearest cent 3160390 X Need Help? 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 in keams 7,7%, compounded annually (Round your answer to the nearest cont.) $ Need Help? To The

  • 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...

  • 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...

  • Find the present value of an annuity due that pays $2000 at the beginning of each...

    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 cent.) $ 2375701 X Need Help? To Me 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 is worth 6.7%, compounded quarterly? (Round...

  • 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...

  • A personal account earmarked as a retirement supplement contains $230,000. Suppose $200,000 is used to establish...

    A personal account earmarked as a retirement supplement contains $230,000. 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 value of the annuity is $0? (Round your answer UP to the nearest quarter.) quarters

  • Find the present value of an annuity due that pays $2000 at the beginning of each...

    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 5.4%, compounded quarterly. (Round your answer to the nearest cent.) $ 26554.62 A year-end bonus of $21,000 will generate how much money at the beginning of each month for the next year, if it can be invested at 6.6%, compounded monthly? (Round your answer to the nearest cent.) Need Help? Master It

  • A personal account earmarked as a retirement supplement contains $242,300. Suppose $200,000 is used to establish...

    A personal account earmarked as a retirement supplement contains $242,300. Suppose $200,000 is used to establish an annuity that earns 6%, compounded quarterly, and pays $5500 at the end of each quarter. How long will it be until the account balance is $0? (Round your answer UP to the nearest quarter.)

  • please give me the right answers With a present value of $140,000, what is the size...

    please give me the right answers 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 is worth 6.7%, compounded quarterly? (Round your answer to the nearest cont.) $ Need Help? With Talk to Tutor Find the present value of an annuity due that pays $2000 at the beginning of gach quarter for the next 6 years. Assume that money...

  • 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...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT