Question

If you start making $100 monthly contributions today and continue them for five years, what’s their...

If you start making $100 monthly contributions today and continue them for five years, what’s their future value if the compounding rate is 11.25 percent APR?

What is the present value of this annuity?

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

The formulas and the inputs used is as follows:


The result is as follows:


0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
If you start making $140 monthly contributions today and continue them for five years, what’s their...
If you start making $140 monthly contributions today and continue them for five years, what’s their future value if the compounding rate is 9.00 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 $240 monthly contributions today and continue them for five years, what’s their...
If you start making $240 monthly contributions today and continue them for five years, what’s their future value if the compounding rate is 9.00 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.)
. If you start making $100 monthly contributions today and continue them for 5 years, what's...
. If you start making $100 monthly contributions today and continue them for 5 years, what's their future value if the compounding rate is 10 percent APR? What is the present value of this annuity?
If you start making $100 monthly contributions today and continue them for 5 years, what's their...
If you start making $100 monthly contributions today and continue them for 5 years, what's their future value if the compounding rate is 10 percent APR? What is the present value of this annuity?
If you start making $265 monthly contributions today and continue them for four years, what is...
If you start making $265 monthly contributions today and continue them for four years, what is their future value if the compounding rate is 9.75 percent APR? What is the present value of this annuity?
if you start making $75 monthly contributions today and continue them for four years, what is...
if you start making $75 monthly contributions today and continue them for four years, what is their future value of the compounding rate is 12 percent APR? What is the present value of this annuity?
If you start making $105 monthly contributions today and continue them for four years, what is...
If you start making $105 monthly contributions today and continue them for four years, what is their future value if the compounding rate is 12.75 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.)
f you start making $205 monthly contributions today and continue them for four years, what is...
f you start making $205 monthly contributions today and continue them for four years, what is their future value if the compounding rate is 11.50 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.)
You are considering an investment by depositing $25,000 to an account today and making monthly contributions...
You are considering an investment by depositing $25,000 to an account today and making monthly contributions of $300 into the account for 10 years. If you want to have $100,000 in the account after 10 years, what annual interest rate must you earn from the account? If you go ahead with the investment and decide to increase the monthly contribution to $400 after 5 years (deposit $25,000 today, $300 monthly for the first 5 years), how much will you have...
Find the following values: a. The future value of a lump sum of $6,000 invested today...
Find the following values: a. The future value of a lump sum of $6,000 invested today at 9 percent, annual compounding for 7 years. b. The future value of a lump sum of $6,000 invested today at 9 percent, quarterly compounding for 7 years. c. The present value of $6,000 to be received in 7 years when the opportunity cost (discount rate) is 9%, annual compounding. d. The present value of $6,000 to be received in 7 years when the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT