If you start making $85 monthly contributions today and continue them for four years, what is their future value if the...
If you start making $85 monthly contributions today and continue them for four years, what is their future value if the compounding rate is 12.25 percent APR? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Future value annuity: ?
What is the present value of this annuity? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Present value annuity: ?
Homework Answers
Future value is calculated using the FV function:-
=FV(12.25%/12,4*12,-85,,1)
=5284.68
Present value:
=PV(12.25%/12,4*12,-85,,1)
=3245.59
By the wording of the question, it seems that the question is of an annuity due, if the answer is wrong, just copy the formula in excel and remove 1
Add Answer to:
If you start making $85 monthly contributions today and continue them for four years, what is their future value if the...
If you start making $215 monthly contributions today and continue them for four years, what is...
If you start making $215 monthly contributions today and continue them for four years, what is their future value if the compounding rate is 11.75 percent APR? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value annuity $_____ What is the present value of this annuity? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present Value Annuity $____
If you start making $230 monthly contributions today and continue them for five years, what's their...
If you start making $230 monthly contributions today and continue them for five years, what's their future value if the compounding rate is 9.25 percent APR? (Do not round intermediate calculntions and round your final answer to 2 decimal places.) Future value annuity What is the present value of this annuilty? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value annuity
If you start making $120 monthly contributions today and continue them for five years, what’s their...
If you start making $120 monthly contributions today and continue them for five years, what’s their future value if the compounding rate is 9.50 percent APR? (Do not round intermediate calculations and round your final answer to 2 decimal places.) What is the present value of this annuity? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
helpProblem 5-1 Future Value (LG5-1) 25 Compute the future value in year 7 of a...
Problem 5-1 Future Value (LG5-1) Compute the future value in year 7 of a $2,200 deposit in year 1, and another $1700 deposit at the end of year 4 using a 8 percent interest rate (Do not round intermediate calculations and round your final answer to 2 decimal places.) Problem 4 and 5-6 Present Value and Annuity Payments A local furniture store is advertising a deal in which you buy a $4,200 living room set with three years before you need to make...
Compute the future value in year 9 of a $3,900 deposit in year 1, and another...
Compute the future value in year 9 of a $3,900 deposit in year 1, and another $3,400 deposit at the end of year 5 using a 9 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future valueWhat is the future value of a $990 annuity payment over five years if interest rates are 9 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Future value"What...
1. What is the present value of a $1,200 payment made in five years when the...
1. What is the present value of a $1,200 payment made in five years when the discount rate is 9 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) 2. What is the future value of a $1,000 annuity payment over four years if interest rates are 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) 3. What's the present value of a $930 annuity payment over five years...
1. What is the present value of a $1,200 payment made in five years when the...
1. What is the present value of a $1,200 payment made in five years when the discount rate is 9 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) 2. What is the future value of a $1,000 annuity payment over four years if interest rates are 8 percent? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) 3. What's the present value of a $930 annuity payment over five years...
Suppose the interest rate is 6.8% APR with monthly compounding. What is the present value of an annuity that pays $95 every three months for six years?
Suppose the interest rate is 6.8% APR with monthly compounding. What is the present value of an annuity that pays $95 every three months for six years? (Note: Be careful not to round any intermediate steps less than six decimal places.) The present value of the annuity is $____. (Round to the nearest cent).
Suppose the interest rate is 9.8 % APR with monthly compounding. What is the present value...
Suppose the interest rate is 9.8 % APR with monthly compounding. What is the present value of an annuity that pays $ 80 every three months for five years? (Note: Be careful not to round any intermediate steps less than six decimal places.) The present value of the annuity is? (Round to the nearest cent.
The first of twelve semiannual payments of $2500 will be made 6.5 years from today. What...
The first of twelve semiannual payments of $2500 will be made 6.5 years from today. What is the present value of this deferred annuity using a discount rate of 7.5% compounded semiannually? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value $
If you start making $230 monthly contributions today and continue them for five years, what's their future value if the compounding rate is 9.25 percent APR? (Do not round intermediate calculntions and round your final answer to 2 decimal places.) Future value annuity What is the present value of this annuilty? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present value annuity
Most questions answered within 3 hours.
-
•Describe the basic structure of collagen monomers •Explain how
amino acid composition of collagen contributes to...
asked 1 hour ago -
Compute the sample correlation coefficient
r for each of the following data sets.
(Use 3 decimal...
asked 2 hours ago -
5a. What are the advantages and disadvantages of Proxy ARP?
b. What is the TTL field...
asked 2 hours ago -
An ice cube (density = 900[kg/m3]) with a side length of
2.54[cm] is held by a...
asked 3 hours ago -
would you say that leaders in the international context are born
or made? That is, can...
asked 3 hours ago -
Instructions
Read the Digital Trends article "Solid state drives are speedier
than hard disk drives. Are...
asked 4 hours ago -
A multiple-choice test consists of 29 questions with possible
answers of a, b, c, d. Estimate...
asked 4 hours ago -
Question 1: Ethanol is the active ingredient of alcoholic
beverages. It is also s a possible...
asked 4 hours ago -
In the process of a simple distillation, the substances in the
still head tube are in...
asked 4 hours ago -
In a normal distribution with mean 3 and standard deviation of
7, what are the upper...
asked 4 hours ago -
A big block stone with mass M explodes and splits in two pieces
with mass 0.40M...
asked 4 hours ago -
Discuss the role of women in the late 19th century. In what ways
were the roles,...
asked 4 hours ago