Question

Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period. $19,000; quarterly payments for 9 years; interest rate 5.8% The payment should be $___ (Round to the nearest cent as needed.)

Answer #1

**SOLUTION:**

From given data,

**Find the
payment that should be used for the annuity due whose future value
is given. Assume that the compounding period is the same as the
payment period. $19,000; quarterly payments for 9 years; interest
rate 5.8% .**

Where,

Interest rate = k = 5.8% = 5.8/100 = 0.058

n = 9*4 = 36

FV = $ 19000

We know the formula for payment:

payment = FV / (((1+k)^{n}-1 / k)(1+k))

payment = 19000/ (((1+0.058)^{36}-1 /
0.058)(1+0.058))

payment = 19000/ 120.6072866

payment = $ 157.536

payment $ 158

Find the payment that should be used for the annuity due whose
future value is given. Assume that the compounding period is the
same as the payment period.
$17,000; monthly payments for 9 years; interest rate 9.1%
The payment should be $
(Do not round until the final answer. Then round to the nearest
cent as needed.)

find the payment that should be used for the annuity
due whose future valueis given . assume that the compounding period
is the same as the payment period. 14,000; quarterly payments for
10 years; interest rate 6.9%
the payment should be

Find the future value of the following ordinary annuity.
Periodic Payment
Payment Interval
Term
Interest Rate
Conversion Period
$122.00
1 month
5
years
4%
quarterly
The future value is
$nothing.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as needed.)

Determine the size of the periodic payment of the following
ordinary general annuity.
Future Value
Payment Period
Term of Annuity
Interest Rate
Conversion Period
$16 comma 500
six months
9 years
11.4%
quarterly
The periodic payment is $
nothing.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as

For the following ordinary annuity, determine the size of the
periodic payment.
Future Value
Present
Value
Payment Period
Term of Annuity
Interest Rate
Conversion Period
–
$19,300.00
1 quarter
14 years
10.5%
quarterly
The payment is $__.
(Round the final answer to the nearest cent as needed. Round
all intermediate values to six decimal places as needed.)

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

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 $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 11%, compounded quarterly. (Round your answer to the
nearest cent.)

Find the future value of an ordinary annuity if payments are
made in the amount R and interest is compounded as given. Then
determine how much of this value is from contributions and how much
is from interest
R=9200, 6% interest compounded semiannually for 7 years.
The future value of the ordinary annuity is $____?
Round to the nearest cent as needed
The amount from contributions is $___? and the amount from
interest is $___?
Round to the nearest cent...

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