1.What is the future value of $510 per year for 8 years compounded annually at 11 percent? The future value of $510 per year for 8 years compounded annually at 11 percent is $_ (Round to the nearest cent.)
2. What is the present value of $2,500 per year for 10 years discounted back to the present at 11 percent? The present value of $2,500 per year for 10 years discounted back to the present at 11 percent is $_ (Round to the nearest cent.)
1.Future value of annuity=Annuity[(1+rate)^time period-1]/rate
=510[(1.11)^8-1]/0.11
=510*11.85943427
=$6048.31(Approx).
2.Present value of annuity=Annuity[1-(1+interest rate)^-time period]/rate
=2500[1-(1.11)^-10]/0.11
=2500*5.889232011
=$14723.08(Approx).
1.What is the future value of $510 per year for 8 years compounded annually at 11...
What is the present value of $3,500 per year for 8 years discounted back to the present at 9 percent? The present value of $3,500 per year for 8 years discounted back to the present at 9 percent is $ (Round to the nearest cent.)
What is the present value of the following future amounts? a. $700 to be received 8 years from now discounted back to the present at 10 percent b. 5400 to be received 7 years from now discounted back to the present at 7 percent c. $1,200 to be received 12 years from now discounted back to the present at 4 percent d. $1,200 to be received 5 years from now discounted back to the present at 18 percent a. What is the present value of...
(Present value of an ordinary annuity) What is the present value of $3,500 per year for 10 years discounted back to the present at 11 percent? The present value of $3,500 per year for 10 years discounted back to the present at 11 percent is $ (Round to the nearest cent.)
P6-1 (similar to) (Future value of an ordinary annuity) What is the future value of $500 per year for 10 years compounded annually at 10 percent? The future value of $500 per year for 10 years compounded annually at 10 percent is $ (Round to the nearest cent.)
(Present value) What is the present value of the following future amounts? a. $800 to be received 10 years from now discounted back to the present at 11 percent. b. $300 to be received 8 years from now discounted back to the present at 9 percent. c. $1,050 to be received 13 years from now discounted back to the present at 5 percent. d. $1,050 to be received 4 years from now discounted back to the present at 20 percent. a. What is the present...
Score: 0 of 1 pt 3 of 20 (2 complete) HW Sce Problem 5-5 (similar to) (Present value) What is the present value of the following future amounts? a. $900 to be received 9 years from now discounted back to the present at 11 percent b. $200 to be received 6 years from now disc be received 6 years from now discounted back to the present at 9 percent c. $1,100 to be received 13 years from now discounted back...
Problem 5-22 (similar to) (Present value of an annuity) What is the present value of the following annuities? a. $1,600 a year for 8 years discounted back to the present at 10 percent. b. $80 a year for 5 years discounted back to the present at 7 percent. c. $260 a year for 11 years discounted back to the present at 12 percent d. $440 a year for 4 years discounted back to the present at 5 percent. a. What...
Please show detailed work. Thank You. (Future value of an ordinary annuity) What is the future value of $500 per year for 10 years compounded annually at 5 percent? The future value of $500 per year for 10 years compounded annually at 5 percent is $nothing . (Round to the nearest cent.)
(Related to Checkpoint 5.2) (Future value) To what amount will $5,000 invested for 8 years at 9 percent compounded annually accumulate? $5,000 invested for 8 years at 9 percent compounded annually will accumulate to $. (Round to the nearest cent.)
Score: 0 of 1 pt 3 of 20 (11 complete) Problem 5-4 (similar to) Present value) What is the present value of the following future amounts? a. $700 to be receved 10 years from now discounted back to the present at 11 percent b. $300 to be received 8 years from now discounted back to the present at 8 percent c. $1,050 to be received 12 years trom now discounted back to the present at 5 percent d. $1,050 to...