FV ordinary annuity, with an opening balance
If time 0= 14,000 and the first payment isn't due for 6 months what would the formula be to calculate an annuity with an opening balance before the regular semi-annual payments start?
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9. An ordinary annuity with an opening balance of $6,000 receives quarterly deposits of $500 for...
9. An ordinary annuity with an opening balance of $6,000 receives quarterly deposits of $500 for the first 6 years. Find the future value of this annuity if it can earn interest at 5% compounded quarterly for throughout. The fund matures in 10 years time.
Explain what is annuity & the diff between ordinary annuity and annuity due. What are the...
Explain what is annuity & the diff between ordinary annuity and annuity due. What are the relationship of the present value and future value calculation of these two types of annuities? Imagine you buy a car using a bank loan that requires an annual payment of $500 for 10years at the end of each year. If the annual interest rate is 3%, what are the present value of this car? What is the Excel function used for this calculation? What...
(a) What are the relationships of the present value and future value calculation of ordinary annuity...
(a) What are the relationships of the present value and future value calculation of ordinary annuity and annuity due? (b) Suppose you would like to buy a car using a loan that requires an annual payment of $1,000 for 20 years at the end of each year. If the annual interest rate is 3%, what are the present value of this car? What is the Excel function used for this calculation? What would the present value be if the loan...
1.What is the present value of the deferred annuity if the regular payment is P25,000.00 every...
1.What is the present value of the deferred annuity if the regular payment is P25,000.00 every 6 months, the interest rate is 0.25% compounded semi-annually, with an actual payments of 18, and the period of deferral is 12? 2.What is the present value of the deferred annuity if the regular payment is P5,000.00 every month, the interest rate is 5% compounded monthly, with an actual payments of 60, and the period of deferral is 20? Naa pay lain 3.What is...
Use the formula for the future value of an ordinary annuity to calculate A with the...
Use the formula for the future value of an ordinary annuity to calculate A with the monthly payment Requals=$700, the annual interest rate requals=7.5% and the number of monthly payments nequals=30.
Compute the future value of an ordinary annuity with BD 110 semi-annually payments at 6% annual...
Compute the future value of an ordinary annuity with BD 110 semi-annually payments at 6% annual interest for 23 years. Find the future value of an ordinary annuity with BD 750 quarterly payments at 8% annual interest for 9 years and 6 months. Determine the future value of an ordinary annuity with BD 50 monthly payments at 1% annual interest for 2345 days. On March 13, Nada joined a saving account. Her bank will automatically deduct BD 160 from her...
Annuity payments are assumed to come at the end of each payment period (termed an ordinary...
Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). However, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due). What is the future value of a 11-year annuity of $2,400 per period where payments come at the beginning of each period? The interest rate is 14 percent. Use Appendix C for an approximate answer, but calculate your final answer using the formula and...
Annuity payments are assumed to come at the end of each payment period (termed an ordinary...
Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). However, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due). What is the future value of a 14-year annuity of $2,200 per period where payments come at the beginning of each period? The interest rate is 12 percent. Use Appendix C for an approximate answer, but calculate your final answer using the formula and...
Annuity
1. A car can be purchased by paying $27 000 now or can be leased by paying $725 per month for the next four years, with the first payment due on the day of signing lease. What nominal rate of interest is charged on the lease?Answer: 4. Raj contributes $150 at the beginning of each month into an RRSP paying interest at 5.5% compounded semi-annually. What will be the accumulated balance in the RRSP at the end of 20 years?5. Dana and...
5.What is the regular payment of the annuity if one needs to pay semi-annually, the future...
5.What is the regular payment of the annuity if one needs to pay semi-annually, the future value is P275,000.00 with an interest rate of 3% compounded quarterly, and the total payment of 20? 6.What is the future value of the annuity if the quarterly payment is P500.00 with an interest rate of 2% compounded monthly and the total payments is 25? 7.What is the future value of the annuity if one needs to pay quarterly, the present value is P125,000.00...
9. An ordinary annuity with an opening balance of $6,000 receives quarterly deposits of $500 for the first 6 years. Find the future value of this annuity if it can earn interest at 5% compounded quarterly for throughout. The fund matures in 10 years time.
1.What is the present value of the deferred annuity if the regular payment is P25,000.00 every 6 months, the interest rate is 0.25% compounded semi-annually, with an actual payments of 18, and the period of deferral is 12? 2.What is the present value of the deferred annuity if the regular payment is P5,000.00 every month, the interest rate is 5% compounded monthly, with an actual payments of 60, and the period of deferral is 20? Naa pay lain 3.What is...
5.What is the regular payment of the annuity if one needs to pay semi-annually, the future value is P275,000.00 with an interest rate of 3% compounded quarterly, and the total payment of 20? 6.What is the future value of the annuity if the quarterly payment is P500.00 with an interest rate of 2% compounded monthly and the total payments is 25? 7.What is the future value of the annuity if one needs to pay quarterly, the present value is P125,000.00...
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