Maria receives $4,500 at the end of every quarter for 6 years and 9 months for money that she loaned to a friend at 4.22% compounded quarterly. a. What type of annuity is this? Ordinary simple annuity O Ordinary general annuity O Simple annuity due O General annuity due
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- Sean deposits $300 at the end of every month for 1 years and 6 months in a retirement fund at 4.04% compounded semi-annually. a. What type of annuity is this? O Ordinary simple annuity Ordinary general annuity O Simple annuity due O General annuity due b. How many payments are there in this annuity?Danielle receives $7,500 at the end of every quarter for 5 years for money that she loaned to a friend at 3.08% compounded quarterly. a. What type of annuity is this? a.Ordinary simple annuity b.Ordinary general annuity c.Simple annuity due d.General annuity due b. How many payments are there in this annuity? Round up to the next paymentEthan deposits $750 at the end of every month for 3 years and 1 months in a retirement fund at 3.86% compounded quarterly. a. What type of annuity is this? o Ordinary simple annuity o Ordinary general annuity O Simple annuity due O General annuity due b. How many payments are there in this annuity?
- Christina will receive a 5-year annuity of $1,200 a year, with the first payment occurring at Date 4. What is the value of this annuity to her today at a discount rate of 7.25 percent? A. $4,111.08 B. $4,209.19 C. $4.774.04 D. $3,961.80 E. $4,887.48 The answer given is E, however, mine is D. Could you help me to explain this question?Q1) Molly receives $3,700 from an investment at the beginning of every month for 2 years at 3.62% compounded semi-annually. What type of annuity is this? Q2) Jeffrey deposits $450 at the end of every quarter for 4 years and 6 months in a retirement fund at 5.30% compounded semi-annually. What type of annuity is this?Q3) How much should Shawn have in a savings account that is earning 3.75% compounded quarterly, if he plans to withdraw $2,250 from this account at the end of every quarter for 7 years?Amanda purchases a retirement annuity that will pay her $2,500 at the end of every six months for the first nine years and $700 at the end of every month for the next six years. The annuity earns interest at a rate of 4% compounded quarterly. a. What was the purchase price of the annuity? b. How much interest did Amanda receive from the annuity? Not use excel
- Laura purchases a retirement annuity that will pay her $2,500 at the end of every six months for the first eleven years and $800 at the end of every month for the next five years. The annuity earns interest at a rate of 5.7% compounded quarterly. a. What was the purchase price of the annuity? Round to the nearest cent b. How much interest did Laura receive from the annuity? Round to the nearest centMr. Bearer may choose to take a lump-sum payment of $25,292.8 now from his insurance policy or an annuity of $3,200 annually as long as he lives. How long must Mr. Bearer anticipate living for the annuity to be indifferent to the lump sum if interest rate is 8%? a. 13 years b.15 years c. 11 years d. 9 yearsDelilah is paying $0.40 per $100 on her $210,000 home in homeowners' insurance annually. If her annual homeowners' insurance premium is divided into twelve equal monthly installments to be included on each of her monthly mortgage payments of S1033.00, what is Delilah's total monthly payment? a.$1.873 b.$1,103 C.$840 d. $70
- Michelle purchases a retirement annuity that will pay her $3,000 at the end of every six months for the first eleven years and $600 at the end of every month for the next five years. The annuity earns interest at a rate of 2.3% compounded quarterly. a. What was the purchase price of the annuity? Round to the nearest cent b. How much interest did Michelle receive from the annuity? Round to the nearest centCarla borrowed money to bank and she pays equal 3,500 every end of a quarter for 3 years with an interest rate of 6% every year. Find the following; a. future value of ordinary annuity b. present value of ordinary annuity c. future value of annuity due d. present value of annuity dueCarla borrowed money to bank and she pays equal 3,500 every end of a quarter for 3 years with an interest rate of 6% every year. Find the following; Future value of ordinary annuity a. 125,667.45 b. 137,676.37 c. 142,435.73 d. 141,779.90