Question

Compute the future value of a $100 annual annuity for the same combination of rates and...

Compute the future value of a $100 annual annuity for the same combination of rates and time periods as in problem 1. (Round your answers to the nearest cent. Round FVA factors to 4 decimal places.)


a. r = 8%, t = 10 years
FV of annuity $
b. r = 8%, t = 20 years
FV of annuity $
c. r = 4%, t = 10 years
FV of annuity $
d. r = 4%, t = 20 years
FV of annuity $

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Future Value of an Annuity for Various Compounding Periods Find the future values of the following...
Future Value of an Annuity for Various Compounding Periods Find the future values of the following ordinary annuities. FV of $200 each 6 months for 4 years at a nominal rate of 8%, compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent. $ 2127.33 **incorrect** why is this wrong? FV of $100 each 3 months for 4 years at a nominal rate of 8%, compounded quarterly. Do not round intermediate calculations. Round your answer to...
Compute the future value of a $140 cash flow for the following combinations of rates and...
Compute the future value of a $140 cash flow for the following combinations of rates and times. (Do not round intermediate calculations. Round your answers to 2 decimal places.) a. r = 8%; t = 10 years b. r = 8%; t = 20 years c. r = 4%; t = 10 years d. r = 4%; t = 20 years
FUTURE VALUE OF AN ANNUITY Find the future values of these ordinary annuities. Compounding occurs once...
FUTURE VALUE OF AN ANNUITY Find the future values of these ordinary annuities. Compounding occurs once a year. Round your answers to the nearest cent. $700 per year for 8 years at 12%. $   $350 per year for 4 years at 6%. $   $700 per year for 10 years at 0%. $   Rework previous parts assuming that they are annuities due. Round your answers to the nearest cent. $700 per year for 8 years at 12%. $   $350 per year...
a. Find the future value of the ordinary annuity. (Round your answer to the nearest cent.)...
a. Find the future value of the ordinary annuity. (Round your answer to the nearest cent.) $120 monthly payment, 5.5% interest, 1 year b. Find the future value (FV) of the annuity due. (Round your answer to the nearest cent.) $170 monthly payment, 6% interest, 14 years
Find the total value TV of the given income stream and also find its future value...
Find the total value TV of the given income stream and also find its future value FV (at the end of the given interval) using the given interest rate. HINT [See Examples 4, 5.] (Round your answers to the nearest cent.) R(t) = 30,000, 0 ≤ t ≤ 20, at 4% TV = $ FV = $
​(Future value of an ordinary​ annuity) What is the future value of ​$480 per year for...
​(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 future value of an ordinary annuity if payments are made in the amount R...
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...
Future Value Interest Rate Number of Periods Present Value ​$900.00 5​% 5 ​? ​$80,000.00 6​% 30...
Future Value Interest Rate Number of Periods Present Value ​$900.00 5​% 5 ​? ​$80,000.00 6​% 30 ​? ​$350,000.00 10​% 20 ​? ​$26,981.75 16​% 15 ​? Present values. Fill in the present values for the following​ table, (popup above), using one of the three methods​ below: a.  Use the present value​ formula, PV=FV×1(1+r)n. b.  Use the TVM keys from a calculator. c.  Use the TVM function in a spreadsheet. Future Value Interest Rate Number of Periods Present Value ​$      900.00 5​%   ...
Find the future value of an ordinary annuity of $7,000 paid quarterly for 4 years, if...
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.)
Example 1: Future Value (FV) of a Present Single Sum Your client has $500,000 in an...
Example 1: Future Value (FV) of a Present Single Sum Your client has $500,000 in an IRA and has asked you to estimate its value when the client reaches retirement age in 8 years, assuming a 6% return each year. Example 2: Future Value (FV) of a present single Sum with Multiple Interest Rates Same facts as Example 1 except the client would like to adjust the asset allocation of the investments over time, evolving from a more aggressive strategy...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT