esent value (in $) of an annuity due Annuity Payment Payment Fr
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Present value (in $) of an annuity due
| Annuity Payment |
Payment Frequency |
Time Period (years) |
Nominal Rate (%) |
Interest Compounded |
Present Value of the Annuity |
|---|---|---|---|---|---|
| $1,200 | every year | 5 | 5.9 | annually | $ |
Step by step
Solved in 3 steps
- Calculate the present value of the following annuities, assuming each annuity payment is made at the end of each compounding period. (FV of $1, PV of $1, FVA of $1, and PVA of $1) Annuity Payment Annual Rate Interest Compounded Period Invested Present Value of Annuity 1. $5,200 7.0 % Annually 5 years 2. 10,200 10.0 % Semiannually 3 years $4,264.21 3. 4,200 12.0 % Quarterly 2 yearsPresent value (in $) of an annuity due Nominal Annuity Payment Time Present Value Payment Frequency Interest Period (years) Rate (%) Compounded of the Annuity $1,300 every year 5.7 annuallyAnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Present Valueof the Annuity $200 every month 2 1 4 6 monthly $
- Find the future value of the ordinary annuity. Interest is compounded annually, unless otherwise indicated. R= $1,000, i- 0.04, n = 13 O $41.626.84 O $15,025.81 O 54002.58Payment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Present Valueof the Annuity $4,000 every year 20 4 annuallyDetermine the future value of the annuity due: Periodic Payment Nominal Compounding Payment ($) Interval Term Rate (%) Frequency 750 6 months 6½ years 9 Quarterly
- Calculate the present value of the following annuities, assuming each annuity payment is made at the end of each compounding period. Annuity Payment Annual Rate Interest Compounded Period Invested 1. $4,000 7% Annually 5 years 2. 9,000 8 Semiannually 3 years 3. 3,000 8 Quarterly 2 yearsComplete the ordinary annuity. Amount of payment = $12,100 Payment Payable = Semiannually Years = 9 Interest Rate = 6%Complete present value of an ordinary annuity: (Round your answer to the nearest cent.) Amount of Annuity Expected Payment Payable Years Interest Rate earned Present value $8,500 Semiannually 4 10%
- Use Table 12-2 to calculate the present value (in $) of the annuity due. (Round your answer to the nearest cent.) AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Present Valueof the Annuity (in $) $1,800 every year 10 11 annually $calculate the present value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Present Valueof the Annuity $3,000 every year 20 5 annually $nnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Present Valueof the Annuity $800 every month 2 1/4 1 4 6 monthly
