Question

PRESENT VALUE OF AN ANNUITY Find the present values of these ordinary annuities. Discounting occurs once...

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%.

$  

Homework Answers

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

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
PRESENT VALUE OF AN ANNUITY Find the present values of these ordinary annuities. Discounting occurs once...
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...
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...
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...
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...
Find the present values of these ordinary annuities. Discounting occurs once a year. Do not round...
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 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...
Find the present values of these ordinary annuities. Discounting occurs once a year. Do not round...
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 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...
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...
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...
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%
Find the future values of these ordinary annuities. Compounding occurs once a year. Round your answers...
Find the future values of these ordinary annuities. Compounding occurs once a year. Round your answers to the nearest cent. $600 per year for 8 years at 16%. $ $300 per year for 4 years at 8%. $ $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%....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT