Question

1.)
calculate the present value of annuity. Round answer to the nearest
cent. $1800 monthly at 6.2% for 30 years. *NOTE: i keep getting
293,879.98 which is incorrect.

2.) since 2007, a particular fund returned 13.5% compounded
monthly. How much would a $6000 investment in this phone have been
worth after two years? Round your answer to the nearest cent.

3.) In the following ordinary annuity, the interest is
compounded with each payment, and the payment is made at the end of
the compounding.. Find the accumulated amount of the annuity. Round
your answer to the nearest cent. $5500 annually at 5% for 10
years.

in the following ordinary annuity, the interest is compounded
with each payment, and the payment is made at the end of the
compounding. Period find the accumulated amount of the annuity.
Round your answer to the nearest cent. $5500 annually at 5% for 10
years.

4.) in the following ordinary annuity, The interest is
compounded with each payment, and the payment is made at the end of
the compounding period. Find the required payment for the syncing
phone. Round your answer to the nearest cent. Monthly deposits
earning 6% to accumulate $2000 after 10 years.

5.) determine the payment to amortize The debt. Round your
answer to the nearest cent. Quarterly payments on $18,500 at 3.5%
for six years.

Answer #1

1. Calculate the Present value of annuity in excel as shown below -

Rate = Monthly Interest Rate, NPER = Total months, PMT = Monthly Payment, FV can be assumed as 0 in the excel formula used.

Formula used is shown below -

I hope above answer will help you in your task. As per policy, I have answered your first question, please upload remaining questions separately for answer.

1.Find the present value of the following ordinary annuities.
Round your answer to the nearest cent.
Amount per Payment
Payment at End of Each
Time (Years)
Rate of Investment
Present Value
$3,300
6 months
8
12%
$
2. Find the amount of the following annuities due and interest
earned. Round your answer to the nearest cent.
Amount of
Each Deposit
Period
Rate
Time
(Years)
Amount of
Annuity
$7,500
quarterly
8%
8
$
3.Find the amount of each payment needed to...

In the following ordinary annuity, the interest is compounded
with each payment, and the payment is made at the end of the
compounding period.
Find the accumulated amount of the annuity. (Round your answer to
the nearest cent.)
$2000 monthly at 4.9% for 20 years.
$ __________

In the following ordinary annuity, the interest is compounded
with each payment, and the payment is made at the end of the
compounding period.
Find the accumulated amount of the annuity. (Round your answer to
the nearest cent.)
$2000 monthly at 4.8% for 20 years.

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 present value of the ordinary annuity. Round the answer to
the nearest cent.
Payments of $53 made quartely for 10 years at 8% compounded
quartely.

In the following ordinary annuity, the interest is compounded
with each payment, and the payment is made at the end of the
compounding period.
Find the required payment for the sinking fund. (Round your
answer to the nearest cent.)
Monthly deposits earning 4% to accumulate $9000 after 10
years.

1. In the following ordinary annuity, the interest is compounded
with each payment, and the payment is made at the end of the
compounding period.
Find the amount of time needed for the sinking fund to reach the
given accumulated amount. (Round your answer to two decimal
places.) $215 monthly at 5.8% to accumulate $25,000
Please provide number of years:
2. In the following ordinary annuity, the interest is compounded
with each payment, and the payment is made at the...

In
the following ordinary annuity, the interest is compounded with
each payment, and the payment is made at the end of the compounding
period.
find the amount of time needed for the sinking fund to reach
the given accumulated amount. Round your answer to two decimal
places.
$285 monthly at 5.7% to accumulate $25,000

Find the future value of an annuity of $1800 paid at the end of
each year for 5 years, if interest is earned at a rate of 5%,
compounded annually. (Round your answer to the nearest
cent.)

Use Table 12-1 to calculate the future value (in $) of the
annuity due. (Round your answer to the nearest cent.) Annuity
Payment Payment Frequency Time Period (years) Nominal Rate (%)
Interest Compounded Future Value of the Annuity $90 every month
Annuity
PaymentPayment
FrequencyTime
Period (years)Nominal
Rate (%)Interest
CompoundedFuture Value
of the Annuity$90 every month for payment every month for 1.5 years
at 6% interest compounded monthly = future value of the annuity

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