Calculate the value of the annuity due without a table. (Do not round intermediate calculations. Round your answer to the nearest cent.)
Amount Payable: $2,300
Payment Payable: Annually
Years: 3
Interest Rate: 6%
Value of Annuity Due: ???
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Calculate the value of the annuity due without a table. (Do not round intermediate calculations. Round your answer to the nearest cent.)
Calculate the value of the annuity due without a table. (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount of payment Payment payable Years Interest rate Value of annuity $2,900 Annually 3 6% $
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...
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Use Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) Annuity Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Present Value of the Annuity $3,000 every year 20 4 annually $ Use Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) Annuity Payment Payment Frequency Time Period (years) Nominal Rate (%) Interest Compounded Present Value...
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Round to nearest cent or hundredth percent as needed: (Do not round intermediate calculations. Round your answer to the nearest cent.) Principal ? Rate 11% Time 2 months Simple Interest $1,250
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(Round to the nearest cent) in order Future value of an annuity Using the values below, answer the questions that follow. (Click on the icon here to copy the contents of the data table below into a spreadsheet.) Amount of annuity $6,500 Interest rate 5% Deposit period (years) 7 a. Calculate the future value of the annuity, assuming that it is (1) An ordinary annuity. (2) An annuity due. b. Compare your findings in parts a(1) and a(2). All else...