Question

Find the present value of an annuity due that pays $4000 at the beginning of each...

Find the present value of an annuity due that pays $4000 at the beginning of each quarter for the next 7 years. Assume that money is worth 5.4%, compounded quarterly. (Round your answer to the nearest cent.)

0 0
Add a comment Improve this question Transcribed image text
Answer #1

amount pays $4000 at the begining of each quarsen annud interest rate 5.4% compounded quartebly so interest pas wonder mis beIf you still have any doubt please ask in comment section. If you understand then please like it.

Add a comment
Know the answer?
Add Answer to:
Find the present value of an annuity due that pays $4000 at the beginning of each...
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
  • Find the present value of an annuity due that pays $4000 at the beginning of each quarter for the next 6 years. Assume...

    Find the present value of an annuity due that pays $4000 at the beginning of each quarter for the next 6 years. Assume that money is worth 5.8%, compounded quarterly. (Round your answer to the nearest cent.)

  • 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

  • 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...

  • Find the present value of an annuity due that pays $3000 at the beginning of each...

    Find the present value of an annuity due that pays $3000 at the beginning of each quarter for the next 5 years. Assume that money is worth 6.6%, compounded quarterly. (Round your answer to the nearest cent.

  • 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...

  • Find the future value of an annuity due of $2,000 paid at the beginning of each...

    Find the future value of an annuity due of $2,000 paid at the beginning of each 6-month period for 6 years if the Interest rate is 6%, compounded semiannually (Round your answer to the nearest cent. $ Need Help? Talk to a A house is rented for $6,600 per quarter, with each rent payable due at the beginning of each quarter of money is worth 5%, compounded quarterly, and the rent is deposited in an account, what is the future...

  • 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...

  • Find the present value of an annuity due that pays $1,600.00 at the beginning of each...

    Find the present value of an annuity due that pays $1,600.00 at the beginning of each quarter for 4 years, if interest is earned at a rate of 4%, compounded quarterly.

  • 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...

  • 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...

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