Homework Answers
| Number of payments or years | Annual Interest Rate | Future Value | Annuity | Present Value |
| 10 | 6% | 0 | 250 | $1,840.02 |
| 20 | 12% | $72,052.44 | 1000 | 0 |
| 25 | 4% | 0 | $32,005.98 | 500000 |
| 30 | 2% | 1000000 | $24,649.92 | 0 |
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Complete the following table. Annual Number of Payments or Years Interest Rate Future Value Annuity Present...
1. Complete the following table. Number of Annual Payments or Years Present Value Interest Rate Future...
1. Complete the following table. Number of Annual Payments or Years Present Value Interest Rate Future Value Annuity 10 $250.00 12% 20 S1,000 25 S500,000 30 S1,000,000 2. You just started working and you planned to save $5,000 every year in your retirement account. How much money will you have in your retirement account once you retire in 40 years? Your retirement account pays 4% interest rate per year. 3. You just retired with S1,000,000 savings. You'd like to receive...
Waiting period with an ordinary annuity. Fill in the missing number of payments or years (waiting...
Waiting period with an ordinary annuity. Fill in the missing number of payments or years (waiting period) in the following table for an ordinary annuity stream i Data Table (Click on the following icone in order to copy its contents into a spreadsheet.) Annual Interest Rate Future Value Annuity Present Value Number of Payments or Years ? ? 6% 8% 10% 4% 0.00 $5,794.62 0.00 $100,000.00 $250.00 $400.00 $636.48 $80.80 $2,867.48 0.00 $6,000.00 0.00
1. In a future value of 1 table: Annual Rate Number of Years Invested Compounded ()...
1. In a future value of 1 table: Annual Rate Number of Years Invested Compounded () Rate of Interest (b) Number of Periods a. 10% Annually b. 8% Quarterly 10% Semiannually 2. In a present value of an annuity of 1 table: Annual Rate Number of Years Invested Number of Rents Involved Frequency of Rents (a) Rate of Interest (6) Number of Periods 1096 26 Annually 12% 15 30 Semiannually 8% Quarterly LINK TO TEXT Question Attempts: 0 of 3...
Present value of an ordinary annuity. Fill in the missing present values in the following table...
Present value of an ordinary annuity. Fill in the missing present values in the following table for an ordinary annuity. Number of Annual Payments or Interest Rate Future Value Annuity Present Value Years 10 16 27 360 10% 12% 4% 0.9% 0 $322.51 $3,178.79 $626.65 $2,474.96
1. Calculate the present value of $50,000 to be received in 15 years assuming an annual...
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....
Present value of an ordinary annuity. Fill in the missing present values in the following table...
Present value of an ordinary annuity. Fill in the missing present values in the following table for an ordinary annuity: Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) Number of Payments or Years Annual Interest Rate Future Value Annuity Present Value 6% 17% 3.5% 0.6% $302.55 $3,187.82 $545.23 $2,310.36 320 Print Done
12. Present value of annuities and annuity payments Aa Aa The present value of an annuity...
12. Present value of annuities and annuity payments Aa Aa The present value of an annuity is the sum of the discounted value of all future cash flows. You have the opportunity to invest in several annuities. Which of the following 10-year annuities has the greatest present value (PV)? Assume that all annuities earn the same positive interest rate. O An annuity that pays $500 at the end of every six mońths O An annuity that pays $1,000 at the...
For the following annuity due, determine the nominal annual rate of interest. Term Future Value Present...
For the following annuity due, determine the nominal annual rate of interest. Term Future Value Present Value $2,581 Periodic Rent $540 Payment Period Conversion Period monthly 1 year 4 years %. The nominal annual rate of interest is (Round to two decimal places as needed.)
7. Present value of annuities and annuity payments Aa Aa The present value of an annuity...
7. Present value of annuities and annuity payments Aa Aa The present value of an annuity is the sum of the discounted value of all future cash flows. You have the opportunity to invest in several annuities. Which of the following 10-year annuities has the greatest present value (PV)? Assume that all annuities earn the same positive interest rate. An annuity that pays $1,000 at the end of each year An annuity that pays $1,000 at the beginning of each...
10. Finding the interest rate and the number of years The future value and present value...
10. Finding the interest rate and the number of years The future value and present value equations also help in finding the interest rate and the number of years that correspond to present and future value calculations. If a security of $10,000 will be worth $14,693 five years in the future, assuming that no additional deposits or withdrawals are made, what is the Implied interest rate the investor will earn on the security? O 4.80% O 6.00% O 6.40% O...
1. Complete the following table. Number of Annual Payments or Years Present Value Interest Rate Future Value Annuity 10 $250.00 12% 20 S1,000 25 S500,000 30 S1,000,000 2. You just started working and you planned to save $5,000 every year in your retirement account. How much money will you have in your retirement account once you retire in 40 years? Your retirement account pays 4% interest rate per year. 3. You just retired with S1,000,000 savings. You'd like to receive...
Waiting period with an ordinary annuity. Fill in the missing number of payments or years (waiting period) in the following table for an ordinary annuity stream i Data Table (Click on the following icone in order to copy its contents into a spreadsheet.) Annual Interest Rate Future Value Annuity Present Value Number of Payments or Years ? ? 6% 8% 10% 4% 0.00 $5,794.62 0.00 $100,000.00 $250.00 $400.00 $636.48 $80.80 $2,867.48 0.00 $6,000.00 0.00
1. In a future value of 1 table: Annual Rate Number of Years Invested Compounded () Rate of Interest (b) Number of Periods a. 10% Annually b. 8% Quarterly 10% Semiannually 2. In a present value of an annuity of 1 table: Annual Rate Number of Years Invested Number of Rents Involved Frequency of Rents (a) Rate of Interest (6) Number of Periods 1096 26 Annually 12% 15 30 Semiannually 8% Quarterly LINK TO TEXT Question Attempts: 0 of 3...
Present value of an ordinary annuity. Fill in the missing present values in the following table for an ordinary annuity. Number of Annual Payments or Interest Rate Future Value Annuity Present Value Years 10 16 27 360 10% 12% 4% 0.9% 0 $322.51 $3,178.79 $626.65 $2,474.96
Present value of an ordinary annuity. Fill in the missing present values in the following table for an ordinary annuity: Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) Number of Payments or Years Annual Interest Rate Future Value Annuity Present Value 6% 17% 3.5% 0.6% $302.55 $3,187.82 $545.23 $2,310.36 320 Print Done
12. Present value of annuities and annuity payments Aa Aa The present value of an annuity is the sum of the discounted value of all future cash flows. You have the opportunity to invest in several annuities. Which of the following 10-year annuities has the greatest present value (PV)? Assume that all annuities earn the same positive interest rate. O An annuity that pays $500 at the end of every six mońths O An annuity that pays $1,000 at the...
For the following annuity due, determine the nominal annual rate of interest. Term Future Value Present Value $2,581 Periodic Rent $540 Payment Period Conversion Period monthly 1 year 4 years %. The nominal annual rate of interest is (Round to two decimal places as needed.)
7. Present value of annuities and annuity payments Aa Aa The present value of an annuity is the sum of the discounted value of all future cash flows. You have the opportunity to invest in several annuities. Which of the following 10-year annuities has the greatest present value (PV)? Assume that all annuities earn the same positive interest rate. An annuity that pays $1,000 at the end of each year An annuity that pays $1,000 at the beginning of each...
10. Finding the interest rate and the number of years The future value and present value equations also help in finding the interest rate and the number of years that correspond to present and future value calculations. If a security of $10,000 will be worth $14,693 five years in the future, assuming that no additional deposits or withdrawals are made, what is the Implied interest rate the investor will earn on the security? O 4.80% O 6.00% O 6.40% O...
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