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Complete the following for the present value of an ordinary annuity (Please use the following provided...
Complete the ordinary annuity. (Please use the following provided Table.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Amount of payment $11 700 Payment payable- semiannually.Years 9 Interest rate 6% Value of annuity ?
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...
Find the payment made by the ordinary annuity with the given present value. $260,832: quarterly payments for 33 years, interest rate is 6%, compounded quarterly The payment is $ (Simplify your answer. Round to the nearest cent as needed.)
Determine the size of the periodic payment of the following ordinary general annuity. Present Value Payment Period Term of Annuity Interest Rate Conversion Period monthly $14,700 3 months 3 years, 6 months 3.4% The periodic payment is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places
Find the present value of the following ordinary annuity. Periodic payment Payment Interval Term Interest Rate Conversion period $2900 3 months 8 years 8% annually The present value is $____? (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) please help ! ASSISTANCE NEEDED PLEASE !
Ordinary annuity payment. Fill in the missing annuity in the following table for an ordinary annuity stream: Future Value Annuity Present Value Number of Annual Payments or Interest Rate Years 3% 21 7% (Round to the nearest cent.) $21.000.00 $0.00 $21,000.00 $ $ (Round to the nearest cent.) $0.00 $160,000.00 34 5% $0.00 $ (Round to the nearest cent.) 13 6% $94,249.04 $ (Round to the nearest cent.) $0.00
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.)
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 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.)
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...