Question

Find the accumulated value of an *ordinary simple
annuity* where you save $3,000 per year for 8 years at an
interest rate of 7% compounded annually.

Answer #1

Accumulated Value of an Ordinary Simple Annuity [FUTURE VALUE ]=$30779.41

Find the future value of an ordinary annuity of $3,000 paid
quarterly for 9 years, if the interest rate is 7%, compounded
quarterly. (Round your answer to the nearest cent.)

(Future value of an ordinary annuity) What is the future value
of $480 per year for 8 The future value of
$480
per year for
8
years compounded annually at
11
percent is
$nothing.
(Round to the nearest cent.)

Find the present value of a fifteen-year ordinary annuity that
pays $1340 monthly if the interest rate is 10% compounded monthly
for the first 7 years, and 6% compounded monthly thereafter.

1. Find the accumulated value of a 12-year annuity-immediate of
$500 per year, if the effective rate of interest (for all money) is
8% for the first 3 years, 6% for the following 5 years, and 4% for
the last 4 years.
The answer is $7,961.71.
Excel solution is preferred.

What is the future value of an ordinary annuity of 1000 USD per
year for 7 years compounded at 10 percent? What would be the future
value it it were an annuity due?

“How do you find the future value of an ordinary annuity
using the simple interest formula method?”

Find the future value of an ordinary annuity of $4,000 paid
quarterly for 6 years, if the interest rate is 7%, compounded
quarterly. (Round your answer to the nearest cent.)

13. You own an ordinary annuity contract that will pay you RM3,000
per year for 12 years.
You need money to pay back a loan in 6 years, and you are afraid if
you get the annuity
payments annually you will spend the money and not be able to pay
back your loan. You
decide to sell your annuity for a lump sum of cash to be paid to
you five years from today.
If the interest rate is 8%,...

Find the future value of an ordinary annuity of $7,000 paid
quarterly for 4 years, if the interest rate is 8%, compounded
quarterly. (Round your answer to the nearest cent.)

Find the future value of an ordinary annuity if payments are
made in the amount R and interest is compounded as given. Then
determine how much of this value is from contributions and how much
is from interest
R=9200, 6% interest compounded semiannually for 7 years.
The future value of the ordinary annuity is $____?
Round to the nearest cent as needed
The amount from contributions is $___? and the amount from
interest is $___?
Round to the nearest cent...

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