Find the payment made by the ordinary annuity with the given present value. $87,292; monthly payments for 20 years; interest rate is 3.7%, compounded monthl The payment is $. (Simplify your answer. Round to the nearest cent as needed.
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- Find the payment made by the ordinary annuity with the given present value. $76,790; monthly payments for 30 years; interest rate is 5.6%, compounded monthly The payment is $ (Simplify your answer. Round to the nearest cent as needed.)Find the payment made by the ordinary annuity with the given present value. $82,087, monthly payments for 30 years. Intrest rate is 4% compounded monthly. The payment is $ ? Please simplify your answer. Round to nearest cent as neededNext question Find the payment made by the ordinary annuity with the given present value. $216,967; quarterly payments for 35 years; interest rate is 8%, compounded quarterly The payment is $ (Simplify your answer. Round to the nearest cent as needed.)
- Find the payment made by the ordinary annuity with the given present value. $242,665; quarterly payments for 15 years; interest rate is 7%, compounded quarterly The payment is $ **] (Simplify your answer. Round to the nearest cent as needed.)K Find the payment made by the ordinary annuity with the given present value. $237,277; quarterly payments for 17 years; interest rate is 9%, compounded quarterly *** The payment is $. (Simplify your answer. Round to the nearest cent as needed.)Find the future value of the following ordinary annuities. Payments are made and interest is compounded as given. R = $9000, 5% interest compounded annually for 15 years What is the future value of the ordinary annuity? $ (Round to the nearest cent.)
- Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $1,200 is deposited quarterly for 20 years at 6% per year FV = $Find the amount accumulated FV in the given annuity account. HINT [See Quick Example 1 and Example 1.] (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $150 is deposited monthly for 15 years at 6% per yearFind the amount accumulated FV in the given annuity account. (Assume end - of - period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $1, 300 is deposited quarterly for 20 years at 4% per year FV = $
- 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; quarterly payments for 19 years; interest rate 9.3% The payment should be $ (Round to the nearest cent as needed.)Find the difference between the sums of annuity due and ordinary annuity for the following data: Periodic payment = P 14,000; Term = 15 years; Interest rate = 10% compounded quarterly. P 63,992 O P 53,992 P 47,598 O P 37,598Find the present value of an annuity if $2,200.00 is paid to you at the end of every 2 months for 3 years, if interest is earned at a rate of 5%, compounded every 2 months.The present value is $. (Round to 2 decimal places.) answer is not $36,937.08