Question

Find the future value of an annuity of $1800 paid at the end of each year...

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.)

Homework Answers

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
Find the present value of an annuity of $6000 paid at the end of each 6-month...
Find the present value of an annuity of $6000 paid at the end of each 6-month period for 8 years if the interest rate is 4%, compounded semiannually. (Round your answer to the nearest cent.)
a) Find the future value of an ordinary annuity of $4,000 paid quarterly for 9 years,...
a) Find the future value of an ordinary annuity of $4,000 paid quarterly for 9 years, if the interest rate is 8%, compounded quarterly. (Round your answer to the nearest cent.) $ = b) Patty Stacey deposits $1600 at the end of each of 5 years in an IRA. If she leaves the money that has accumulated in the IRA account for 25 additional years, how much is in her account at the end of the 30-year period? Assume an...
1.) calculate the present value of annuity. Round answer to the nearest cent. $1800 monthly at...
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...
Find the future value of an ordinary annuity of $4,000 paid quarterly for 6 years, if...
Find the future value of an ordinary annuity of $4,000 paid quarterly for 6 years, if the interest rate is 7%, compounded quarterly. (Round your answer to the nearest cent.)
Find the future value of an ordinary annuity of $1,000 paid quarterly for 9 years, if...
Find the future value of an ordinary annuity of $1,000 paid quarterly for 9 years, if the interest rate is 9%, compounded quarterly. (Round your answer to the nearest cent.)
Find the future value of an ordinary annuity of $7,000 paid quarterly for 4 years, if...
Find the future value of an ordinary annuity of $7,000 paid quarterly for 4 years, if the interest rate is 8%, compounded quarterly. (Round your answer to the nearest cent.)
Find the future value of an ordinary annuity of $3,000 paid quarterly for 9 years, if...
Find the future value of an ordinary annuity of $3,000 paid quarterly for 9 years, if the interest rate is 7%, compounded quarterly. (Round your answer to the nearest cent.)
Find the future value of an annuity due of $500 each quarter for 4.5 years at...
Find the future value of an annuity due of $500 each quarter for 4.5 years at 11%, compounded quarterly. (Round your answer to the nearest cent.)
Find the future values of the following ordinary annuities: FV of $600 paid each 6 months...
Find the future values of the following ordinary annuities: FV of $600 paid each 6 months for 5 years at a nominal rate of 13% compounded semiannually. Round your answer to the nearest cent. $ FV of $300 paid each 3 months for 5 years at a nominal rate of 13% compounded quarterly. Round your answer to the nearest cent. $ These annuities receive the same amount of cash during the 5-year period and earn interest at the same nominal...
Future Value of an Annuity for Various Compounding Periods Find the future values of the following...
Future Value of an Annuity for Various Compounding Periods Find the future values of the following ordinary annuities. FV of $200 each 6 months for 4 years at a nominal rate of 8%, compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent. $ 2127.33 **incorrect** why is this wrong? FV of $100 each 3 months for 4 years at a nominal rate of 8%, compounded quarterly. Do not round intermediate calculations. Round your answer to...