Find the present value of a 12-year annuity which pays $560 at the beginning of each quarter for the first 6 years. increasing to $930 per quarter thereafter. The annual effective rate of interest is 8.3%. ANSWER = $
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- If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityFind the future value of an ordinary annuity of $700 paid at the end of each year for 4 years, if interest is earned at a rate of 6%, compounded annual. The future value is $ (Round to 2 decimal places.)
- Find the future value of an ordinary annuity of $900 paid at the end of each year for 2 years, if interest is earned at a rate of 4%, compounded annual.The future value is $ (Round to 2 decimal places.)Find the present value of a 8-year annuity which pays $660 at the beginning of each quarter for the first 4 years. increasing to $900 per quarter thereafter. The annual effective rate of interest is 6.9% . ANSWER =$Find the future value of an annuity of $1400 paid at the end of each year for 15 years, if interest is earned at a rate of 6%, compounded annually. (Round your answer to the nearest cent.) X
- Find the future value of an ordinary annuity of $700 paid at the end of each year for 6 years, if interest is earned at a rate of 5%, compounded annual. What is the future value?Find the future value of each annuity due. Then determine how much of this value is from contributions and how much is from interest. Payments of $220 were made at the beginning of each quarter for 15 years at 4.6% compounded quarterly. The future value of the annuity due is $19077.23. The amount from contributions is $_______ The amount from interest is $ ________ do not round until the final answer.Find the present value of an annuity due that pays $2,200.00 at the beginning of every 2 months for 3 years, if interest is earned at a rate of 5%, compounded every 2 months.The present value is $. (Round to 2 decimal places.)
- Determine the present value of an ordinary annuity paid annually for 25 years if payments are 1.200$ per year for the first 7 years, 5.500$ for the following 8 years and 2.500$ in the final 10 years. Interest is j12 = 6% throughout the entire period.Find the present value of an annuity with annual payments of $1,100.00 compounded at the end of each year for 8 years after being deferred for 3 years, if money is worth 6.3%, compounded annual. The present value would be $ . (Round to 2 decimal places.)Find the present value of an annuity due that pays $2000 at the beginning of each quarter for the next 8 years. Assume that money is worth 6.6%, compounded quarterly. (Round your answer to the nearest cent.)