Question

**PRESENT VALUE
OF AN ANNUITY**

Find the *present
values* of these *ordinary annuities*. Discounting
occurs once a year. Round your answers to the nearest cent.

$600 per year for 10 years at 6%.

$

$300 per year for 5 years at 3%.

$

$800 per year for 10 years at 0%.

$

Rework previous parts
assuming that they are *annuities due*. Round your answers
to the nearest cent.

$600 per year for 10 years at 6%.

$

$300 per year for 5 years at 3%.

$

$800 per year for 10 years at 0%.

$

Answer #1

Present Value :

$600 per year for 10 years at 6%

= $ 600 * 1/(1.06)^ 1 + $ 600 * 1/(1.06)^2 + $ 600 * 1/(1.06)^3+...+ $ 600 * 1/(1.06)^10

= **$ 4,416.05**

$300 per year for 5 years at 3%

= $ 300 * 1/(1.03) ^ 1+ $ 300 * 1/(1.03) ^ 2 + $ 300 * 1/(1.03) ^ 3 + $ 300 * 1/(1.03) ^ 4 +$ 300 * 1/(1.03) ^ 5

= **$ 1,373.91**

$800 per year for 10 years at 0%.

= $ 800 * 1/(1) ^ 1+ $ 800 * 1/(1) ^ 2 + $ 800 * 1/(1) ^ 3 + ...+ $ 800 * 1/(1) ^ 10

= $ **8,000**

Annuities Due :

$600 per year for 10 years at 6%.:

= Present Value * ( 1+ Rate of Interes/100)

= $ 4,416.05* (1.06)

= $ **4,681.01**

$300 per year for 5 years at 3%.

= Present Value * ( 1+ Rate of Interes/100)

= $ 1,373.91 * (1.03)

= **$** **1,415.13**

$800 per year for 10 years at 0%.

= Present Value * ( 1+ Rate of Interes/100)

=$ 8,000 * (1+0/100)

= **$ 8,000**

PRESENT VALUE OF AN ANNUITY
Find the present values of these ordinary
annuities. Discounting occurs once a year. Round your answers
to the nearest cent.
$200 per year for 12 years at 4%.
$
$100 per year for 6 years at 2%.
$
$300 per year for 16 years at 0%.
$
Rework previous parts assuming that they are annuities
due. Round your answers to the nearest cent.
$200 per year for 12 years at 4%.
$
$100 per year...

Find the present values of these ordinary annuities. Discounting
occurs once a year. Round your answers to the nearest cent.
$400 per year for 14 years at 6%.
$
$200 per year for 7 years at 3%.
$ $
600 per year for 4 years at 0%.
$
Rework previous parts assuming that they are annuities due.
Round your answers to the nearest cent.
$400 per year for 14 years at 6%.
$
$200 per year for 7 years at...

Present value of a annuity. Find the present values of these
ordinary annuities. Discounting occurs once a year.
$400 per year for 10 years at 10%.
$200 per year for 5 years at 5%.
$400 per year for 5 years at 0%.
REWORK PARTS A,B,C assuming they are annuities due.

Find the present values of these ordinary annuities. Discounting
occurs once a year. Do not round intermediate calculations. Round
your answers to the nearest cent. $200 per year for 10 years at 6%.
$ $100 per year for 5 years at 3%. $ $700 per year for 4 years at
0%. $ Rework previous parts assuming they are annuities due.
Present value of $200 per year for 10 years at 6%: $ Present value
of $100 per year for 5...

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annuities. Discounting occurs once a year. Do not round
intermediate calculations. Round your answers to the nearest
cent.
$200 per year for 14 years at 12%.
$
$100 per year for 7 years at 6%.
$
$300 per year for 16 years at 0%.
$
Rework previous parts assuming they are annuities
due.
Present value of $200 per year for 14 years at 12%:
$
Present value of $100 per year for 7...

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annuities. Discounting occurs once a year. Do not round
intermediate calculations. Round your answers to the nearest
cent.
$200 per year for 12 years at 4%.
$
$100 per year for 6 years at 2%.
$
$1,000 per year for 6 years at 0%.
$
Rework previous parts assuming they are annuities
due.
Present value of $200 per year for 12 years at 4%:
$
Present value of $100 per year for 6...

Find the present values of these ordinary
annuities. Discounting occurs once a year. Do not round
intermediate calculations. Round your answers to the nearest
cent.
$400 per year for 14 years at 8%.
$
$200 per year for 7 years at 4%.
$
$700 per year for 12 years at 0%.
$
Rework previous parts assuming they are annuities
due.
Present value of $400 per year for 14 years at 8%:
$
Present value of $200 per year for 7...

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...

Find the present values of these ordinary
annuities. Discounting occurs once a year. Do not round
intermediate calculations. Round your answers to the nearest cent.
(Please include the excel function for this)
a. $700 per year for 10 years at 10%
b. $350 per year for 5 years at 5%
c. $700 per year for 5 years at 0%

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occurs once a year. Round your answers to the nearest cent.
$600 per year for 8 years at 16%.
$
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$
$500 per year for 8 years at 0%.
$
Rework previous parts assuming that they are annuities due.
Round your answers to the nearest cent.
$600 per year for 8 years at 16%.
$
$300 per year for 4 years at 8%....

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