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![Amount of annuity - S500 Interest rate :-8% Term 9 Years ) Future value of ordinary annuityAnnuityC1+In -11/I 500 * [ ( 1 +8% )^9-1]/8% S500 [1.999004627 -11/0.08 = $500 * 12.48755784 $6,243.778919 - S6,244 (Rounded) 2) Future value ofannuity due= (1+1)*Annuity * [(1+1)/ n-1]/1 (1+890 ) * S500 * [(1+8%)^9-1 ] / 890 -1.08S500 * 12.48755784 - S6,743.281233 - S6,743 (Rounded) b) As per above calculations, it is better to invest in annuity due. Since it is giving more value. Annuity due is preferable.](http://img.homeworklib.com/questions/65d2d2a0-4049-11ea-923f-e13ae08af960.png?x-oss-process=image/resize,w_560)
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Future value of an annuity Using the vakues below, anower the questions that tolow. (Cick on...
Future value of an annuity Using the values below, answer the questions that follow. (Click on...
Future value of an annuity Using the values below, answer the questions that follow. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Interest rate Deposit period (years) Amount of annuity $3,000 11% a. Calculate the future value of the annuity, assuming that it is (1) An ordinary annuity. (2) An annuity due. b. Compare your findings in parts a(1) and a(2). All else being identical,...
I can't find how to get the value of the annuity in (2). Future value of...
I can't find how to get the value of the annuity in
(2).
Future value of an annuity Using the values below, answer the questions that follow. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Amount of annuity $8,500 Interest rate 7% Deposit period (years) 10 a. Calculate the future value of the annuity, assuming that it is (1) An ordinary annuity. (2) An annuity...
(Round to the nearest cent) in order Future value of an annuity Using the values below,...
(Round to the nearest
cent)
in order Future value of an annuity Using the values below, answer the questions that follow. (Click on the icon here to copy the contents of the data table below into a spreadsheet.) Amount of annuity $6,500 Interest rate 5% Deposit period (years) 7 a. Calculate the future value of the annuity, assuming that it is (1) An ordinary annuity. (2) An annuity due. b. Compare your findings in parts a(1) and a(2). All else...
Future value of an annuity Using the values below, answer the questions that follow. (Click on...
Future value of an annuity Using the values below, answer the questions that follow. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Amount of annuity Interest rate Deposit period (years) $3,000 11% 7 a. Calculate the future value of the annuity, assuming that it is (1) An ordinary annuity. (2) An annuity due. b. Compare your findings in parts a(1) and a(2). All else...
Future Value: Ordinary Annuity versus Annuity Due What is the future value of a 4%, 5-year...
Future Value: Ordinary Annuity versus Annuity Due What is the future value of a 4%, 5-year ordinary annuity that pays $600 each year? Round your answer to the nearest cent. $ If this were an annuity due, what would its future value be? Round your answer to the nearest cent. $
Problem 4-6 Future Value: Ordinary Annuity versus Annuity Due What is the future value of a...
Problem 4-6 Future Value: Ordinary Annuity versus Annuity Due What is the future value of a 4%, 5-year ordinary annuity that pays $600 each year? Round your answer to the nearest cent. $ If this were an annuity due, what would its future value be? Round your answer to the nearest cent. $
Problem 4-6 Future Value: Ordinary Annuity versus Annuity Due What is the future value of a...
Problem 4-6 Future Value: Ordinary Annuity versus Annuity Due What is the future value of a 8%, 5-year ordinary annuity that pays $650 each year? Round your answer to the nearest cent. $ If this were an annuity due, what would its future value be? Round your answer to the nearest cent. $
Future value: annuity versus annuity due
Future value: annuity versus annuity dueWhat's the future value of a 9%, 5-year ordinary annuity that pays $300 each year? Round your answer to the nearest cent.$ If this was an annuity due, what would its future value be? Round your answer to the nearest cent.$
Calculate the future value of an annuity, with case A being an ordinary annuity and case...
Calculate the future value of an annuity, with case A being an ordinary annuity and case B being an annuity due. Case Annuity Interest Rate (%) Deposit Period (Yrs) Future Value ($) A 18,000 4 4 B 9,000 10 6 What is the future value of A and B case (round to the nearest cent )
Future Value: Ordinary Annuity versus Annuity Due 1.What is the future value of a 10%, 5-year...
Future Value: Ordinary Annuity versus Annuity Due 1.What is the future value of a 10%, 5-year ordinary annuity that pays $800 each year? Round your answer to the nearest cent. 2. If this were an annuity due, what would its future value be? Round your answer to the nearest cent.
Future value of an annuity Using the values below, answer the questions that follow. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Interest rate Deposit period (years) Amount of annuity $3,000 11% a. Calculate the future value of the annuity, assuming that it is (1) An ordinary annuity. (2) An annuity due. b. Compare your findings in parts a(1) and a(2). All else being identical,...
I can't find how to get the value of the annuity in
(2).
Future value of an annuity Using the values below, answer the questions that follow. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Amount of annuity $8,500 Interest rate 7% Deposit period (years) 10 a. Calculate the future value of the annuity, assuming that it is (1) An ordinary annuity. (2) An annuity...
(Round to the nearest
cent)
in order Future value of an annuity Using the values below, answer the questions that follow. (Click on the icon here to copy the contents of the data table below into a spreadsheet.) Amount of annuity $6,500 Interest rate 5% Deposit period (years) 7 a. Calculate the future value of the annuity, assuming that it is (1) An ordinary annuity. (2) An annuity due. b. Compare your findings in parts a(1) and a(2). All else...
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