Future Value of Multiple Annuities Assume that you contribute $220 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $320 per month for another 20 years. Given a 7.0 percent interest rate, what is the value of your retirement plan after 40 years?
$178,636
$177,600
$629,552
$577,459
Present Value of an Annuity Due If the present value of an ordinary, 3-year annuity is $5,900 and interest rates are 12 percent, what's the present value of the same annuity due?
$6,608
$5,900
$3,900
$4,608
Present Value of an Annuity What is the present value of a $2,000 annuity payment over 6 years if interest rates are 10 percent?
$3,543.12
$8,710.52
$1,128.95
$9,736.84
Future Value Given a 7.50 percent interest
rate, compute the year 8 future value of deposits made in years 1,
2, 3, and 4 of $1,700, $1,900, $2,200, and $2,200.
rev: 09_21_2012
$11,849.07
$9,670.15
$11,272.13
$11,022.57
Future Value of an Annuity Due If the future value of an ordinary, 7-year annuity is $6,700 and interest rates are 5 percent, what's the future value of the same annuity due?
$7,169
$6,380.95
$7,034.98
$6,700
1.
the value of your retirement plan after 40 years
=((220*(((1+(7%/12))^(20*12)-1)/(7%/12))))*(1+(7%/12))^(20*12)+(320*(((1+(7%/12))^(20*12)-1)/(7%/12)))
=629552
the above is the answer
2.
the present value of the same annuity due
=5900*(1+12%)
=6608
3.
present value of a $2,000 annuity payment
=2000*((1-(1+10%)^(-6))/10%)
=8710.52
4.
compute the year 8 future value
=1700*(1+7.5%)^7+1900*(1+7.5%)^6+2200*(1+7.5%)^5+2200*(1+7.5%)^4
=11849.07
the above are answer
we do only first 4 questions.
Future Value of Multiple Annuities Assume that you contribute $220 per month to a retirement plan...
Future Value Compute the future value in year 8 of a $350 deposit in year 3 and another $150 deposit at the end of year 5 using a 10% interest rate. Future Value of an Annuity What is the future value of a $1,700 annuity payment over 10 years if the interest rates are 9 percent? Present Value of a Perpetuity What's the present value, when interest rates are 6.80 percent, of a $130 payment made every year forever? Future...
Problem 5-20 Future Value of Multiple Annuities (LG5-2) Assume that you contribute $240 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $440 per month for the next 25 years. Given a 9.0 percent interest rate, what is the value of your retirement plan after the 40 years? (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Future value of multiple annuities
Assume that you contribute $210 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $410 per month for the next 25 years. Given a 9.0 percent interest rate, what is the value of your retirement plan after the 40 years. Round two decimals places Whats the future value of multiple annuities
Assume that you contribute $340 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $540 per month for the next 25 years. Given a 7.2 percent interest rate, what is the value of your retirement plan after the 50 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Find Future value of multiple annuities Please answer correctly
Assume that you contribute $340 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $540 per month for the next 25 years. Given a 7.2 percent interest rate, what is the value of your retirement plan after the 50 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Find Future value of multiple annuities Please answer correctly. THANK YOU!
question from 1 through 6 • value of each ance Annuities lab.com s onine 6-1. (Calculating the future value of an ordinary annuity Calculate the future valu edback the following streams of payments. a. £430 a year for 12 years compounded annually at 6 percent. b. €56 a year for 8 years compounded annually at 8 percent. c. $75 a year for 5 years compounded annually at 3 percent. d. £120 a year for 3 years compounded annually at 10...
Assume that you contribute $310 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $620 per month for another 25 years. Given a 9.0 percent interest rate, what is the value of your retirement plan after the 50 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value of multiple entities _____
Time value- Annuities Personal Finance Problem Marian Kirk wishes to select the better of two 10-year annuities, C and D. Annuity C is an ordinary annuity of $2,500 per year for 10 years. Annuity D is an annuity due of $2,200 per year for 10 years. a. Find the future value of both annuities at the end of year 10, assuming that Marian can earn (1) 10% annual interest and (2) 20% annual interest. b. Use your findings in part a to...
Assume that you contribute $370 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $740 per month for another 25 years. Given a 9.0 percent interest rate, what is the value of your retirement plan after the 50 years?
If the future value of an ordinary. 6-year annuity is $8.500 and interest rates are 9.5 percent, what's the future value of the same annuity due? (Round your answer to 2 decimal places.) Future value