Question

Compute the future values of the following annuities first assuming that payments are made on the last day of the period and then assuming payments are made on the first day of the period: (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))

Payment Years Interest Rate(Annual)

173. 14. 11%

5,055. 9. 10%

74,984. 6. 12%

167,832. 10 3%

Answer #1

Payment | year | rate | end of the period | beg of the period |

173 | 14 | 11% | (68,545.38) | (69,173.71) |

5055 | 9 | 10% | (879,841.52) | (887,173.53) |

74984 | 6 | 12% | (7,851,569.48) | (7,930,085.18) |

167832 | 10 | 3% | (23,453,081.81) | (23,511,714.52) |

Excel formula FV(rate, nper, pmt, pv, time) has been used.

Compute the future values of the following annuities first
assuming that payments are made on the last day of the period and
then assuming payments are made on the first day of the period:
(Do not round intermediate calculations. Round your answers
to 2 decimal places.
Payment
Years
Interest Rate (Annual)
Future Value
(Payment made on
last day of period)
Future Value
(Payment made on
first day of period)
$
203
14
10%
$
$
5,355 ...

Compute the present values of the following annuities first
assuming that payments are made on the last day of the period and
then assuming payments are made on the first day of the period:
Payment
Years
Interest Rate
(Annual)
Present Value
(Payment made on last day of period)
Present Value
(Payment made on first day of period)
$
688.09
8
14%
$
$
8,068.26
14
7
20,422.93
24
5
...

For each of the following annuities, calculate the future value.
(Do not round intermediate calculations and round your
answers to 2 decimal places, e.g., 32.16.)
Future Value
Annual Payment
Years
Interest Rate
$1,520
10
9
%
$6,540
34
10
$3,640
9
7
$8,330
36
11

Problem 5-8 Calculating Annuity Values [LO 1]
For each of the following annuities, calculate the future value.
(Enter rounded answers as directed,
but do not use rounded numbers in intermediate
calculations. Round your answers to 2 decimal
places (e.g., 32.16).)
Future Value
Annual Payment
Interest Rate
Years
$
$
1,500
8
%
10
$
5,000
9
40
$
3,200
6
9
$
7,500
10
30
References
eBook & Resources

For each of the following annuities, calculate the future value.
(Do not round intermediate calculations and round your
answers to 2 decimal places, e.g., 32.16.)
Future Value
Annual Payment
Years
Interest Rate
$
$
1,430
10
6
%
5,880
43
7
3,430
9
4
8,090
35
8

For each of the following annuities, calculate the future value.(Enter rounded answers as directed, but do not use rounded
numbers in intermediate calculations. Round your answers to 2
decimal places (e.g., 32.16).)Future ValueAnnual PaymentInterest Rate Years$$1,5805%10$6,980639$3,78039$8,490734

4. Find the future value of the following annuities. The first
payment in these annuities is made at the end of Year 1, so they
are ordinary annuities. (Notes: If you are using a financial
calculator, you can enter the known values and then press the
appropriate key to find the unknown variable. Then, without
clearing the TVM register, you can "override" the variable that
changes by simply entering a new value for it and then pressing the
key for...

Find the future values of these ordinary
annuities. Compounding occurs once a year. Do not round
intermediate calculations. Round your answers to the nearest
cent.
$800 per year for 12 years at 14%.
$
$400 per year for 6 years at 7%.
$
$800 per year for 6 years at 0%.
$
Rework parts a, b, and c assuming they are annuities
due.
Future value of $800 per year for 12 years at 14%:
$
Future value of $400 per...

For each of the following annuities, calculate the annual cash
flow. (Enter rounded answers as directed, but do not use
rounded numbers in intermediate calculations. Round your answers to
2 decimal places (e.g.,32.16).)
Cash Flow
Future Value
Interest Rate
Years
$
$
25,250
9
%
8
$
1,070,000
11
37
$
904,000
12
23
$
143,000
8
12

For each of the following annuities, calculate the annual cash
flow. (Do not round intermediate calculations and round
your answers to 2 decimal places, e.g., 32.16.)
Cash Flow
Present Value
Years
Interest Rate
$
$
31,800
6
11
%
28,750
8
9
150,500
14
14
219,900
19
13

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