Kayla pays $285.17 for a car lease at the beginning of every month for 3 years and 1 months at 3.92% compounded monthly. a. What type of annuity is this? Ordinary simple annuity Ordinary general annuity O Simple annuity due General annuity due ہے 4
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- You can afford a $800 per month mortgage payment. You've found a 30 year loan at 7% interest. a) How big of a loan can you afford? b) How much total money will you pay the loan company? c) How much of that money is interest?It refers to annuity that doesn’t start until some time in the future. a Late Annuity b Regular Annuity c Deferred Annuity d Gradient AnnuityDiscuss and illustrate the different types of annuity.
- DEFERRED ANNUITY annually, how much will the girl receive yearly?6) Two annuities in perpetuity have the same effective annual interest rate. The first annuity pays $40 every 5 years, starting at the end of the 10th year and has present value $100. The second annuity pays $20 at the end of each 3 months, starting at the beginning of the first three months. Find the present value of the second annuity.What is the U.S 6 month interest rate?
- What are the two types of cashflows? Define eachA set aside $500 annually in a trust fund which allows interest at 5% effective. What amount does A have to his credit just after the 15th deposit has been made?Assume, you want to get $1,000 after 5 years. How much equal amount of money do you need to deposit in an account that earns 12% annual interest to get that money? Check you answer with interest table.