If the present value of an ordinary, 7-year annuity is $5,700 and interest rates are 8.5 percent, what’s the present value of the same annuity due? (Round your answer to 2 decimal places.)
Present value of annuity due=Present value of annuity*(1+rate)
=5700*1.085
=$6184.50
If the present value of an ordinary, 7-year annuity is $5,700 and interest rates are 8.5...
f the present value of an ordinary, 6-year annuity is $9,700 and interest rates are 9.5 percent, what’s the present value of the same annuity due? (Round your answer to 2 decimal places.)
If the present value of a 10-year ordinary is $8,475 and interest rates are 7.3 percent, what is the present value of the same annuity due? (ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS AND COMMAS. ROUND YOUR ANSWER TO 2 DECIMAL PLACES.)
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
Problem 5-12 Present Value of an Annuity Due (LG5-6) If the present value of an ordinary, 8-year annuity is $8,900 and interest rates are 10.0 percent, what's the present value of the same annuity due? (Round your answer to 2 decimal places.) Present value
Problem 5-13 Future Value of an Annuity Due (LG5-6) If the future value of an ordinary, 6-year annuity is $6,600 and interest rates are 7.5 percent, what is the future value of the same annuity due? (Round your answer to 2 decimal places.) Future value
a) What is the future value of a 5-year ordinary annuity with annual payments of $273, evaluated at a 7 percent interest rate? (Do not include the dollar sign ($), and round your answer to 2 decimal places: for example, 536.34) b) What is the present value of a 8-year ordinary annuity with annual payments of $584, evaluated at a 8 percent interest rate? Round your answer to 2 decimal places; for example 2345.25.
What's the present value, when interest rates are 8.5 percent, of a $225 payment made every year forever? (Round your answer to 2 decimal places.) Present value
What is the present value of a 8-year ordinary annuity with annual payments of $562, evaluated at a 10 percent interest rate? Round your answer to 2 decimal places; for example 2345.25.
What is the present value of a $1,000 annuity payment over four years if interest rates are 7 percent? (Round your answer to two decimal places.) You wish to buy a $10,000 dining room set. The furniture store offers you a three- year loan with an 11 percent APR. What are the monthly payments? (Round your answer to two decimal places.)
What’s the interest rate of a 8-year, annual $3,600 annuity with present value of $20,000? (Use a time value of money calculator or a spreadsheet. Round your answer to 2 decimal places.)