0:1:2:What is the fair market value today for a retirement annuity that would provide$6,000 at the end of each quarter for the first 6 years and $4,000 at the end of eachmonth for the next 9 years? Interest is 6.95% compounded quarterly for the entireperiod.?Today#1#2Step #1:N=PV =PMT=PY =Refer to the "?"s in the table and considering inflows and outflows of cash, enterthe appropriate values in the blanks below.Round final dollar answers to 2 decimal places.Mode = ENDFV-Step #2:N=PV =PMT=PY =FV-N?$6000/quarter?IY6.9526.95 4<>NCYA/422ANPV6 years??PMT?$4000/month?PY??FV15 years?

There is need of proper planning for retirement and if done on the time can have good retirement…

What is the fair market value today for a retirement annuity that would provide $6,000 at the end of each quarter for the first 6 years and $4,000 at the end of each month for the next 9 years? Interest is 6.95% compounded quarterly for the entire period. ? Today $6000/quarter 6 years $4000/month 15 years Refer to the "?"s in the table and considering inflows and outflows of cash, enter the appropriate values in the blanks below. Round final dollar answers to 2 decimal places. Mode END

What is the fair market value today for a retirement annuity that would provide $6,000 at the end of each quarter for the first 6 years and $4,000 at the end of each month for the next 9 years? Interest is 6.95% compounded quarterly for the entire period. ? Today $6000/quarter 6 years $4000/month 15 years Refer to the "?"s in the table and considering inflows and outflows of cash, enter the appropriate values in the blanks below. Round final dollar answers to 2 decimal places. Mode END

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

Q7 Assume that you contribute $240 per month to a retirement plan for 15 years. Then you are able to increase the contribution to $480 per month for another 25 years. Given a 6.0 percent interest rate, what is the value of your retirement plan after the 40 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) FUTURE VALUE OF MULTIPLE ANNUITIES?
QUESTION 5 What is the present value of an annuity (to nearest dollar) that will give you 25 payments of $1,000 and the first payment is in one year from today? Assume an interest rate of 10 percent. O 9169 O 8981 O 8421 O 9077 O 8514
Q3 If the present value of an ordinary, 8-year annuity is $6,100 and interest rates are 8.0 percent, what’s the present value of the same annuity due? (Round your answer to 2 decimal places.) PRESENT VALUE
What is the future value of an annuity of $10,800 invested every year for the next 11 years starting one year from now at 9.6%? Answer: $ Blank 1
Question 4 What's the present value of a $830 annuity payment over six years if interest rates are 10 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Futre value
What is the value now of an annuity that paysf $6,000 at the end of each of the next 92 years assuming an interest rate is 9% per year? Question content area bottom Part 1 The PV is $enter your response here. (Round to the nearest dollar.)
QUESTION 1 Investment A will make N annual payments of $300.00 with the first of the N payments due immediately. Investment A has a value of $20000.00. Investment B is an ordinary annuity that will make (N minus 1) annual payments of $300.00 with the first payment due in one year from today. If investment A and investment B have the same expected return, then what is the value of investment B? O $19700.80(plus or minus $0.10) O $19700.00(plus or minus $0.10) O $19701.70(plus or minus $0.10) O $19701.10(plus or minus $0.10) O None of the above is within $0.10 of the correct answer
Present value of an annuity Consider the following cases. Case ◄AUA- E Amount of annuity $ 12.000 55.000 700 140.000 22.500 Interest rate 12 20 5 10 Period (years) a. Calculate the present value of the annuity assuming that it is (1) An ordinary annuity, mu 9 7 b. Compare your findings in parts al 1) and a(2). All else being identical, which of annuity-ordinary or annuity due-is preferable? Explain why. Personal Finance Problem Tume value-Annuities - Marian Kirk wishes to select the better of two 10-year annuines, C and D. Annuity C is an ordinary annuity of $2,500 per year for 10 years. Annuity D is an annuity due of $2,200 per year for 10 years. delen future value of both annuities at the end of year 10, assuming that
question 3 What is the future value of a $540 annuity payment over five years if interest rates are 9 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) future value?
What's the present value of a perpetuity that pays $2,200 per year if the appropriate interest rate is $%? O $47,960.00 $49,720.00 O $48,400.00 $44,000.00 $36,520.00 4
Q9 A deposit of $720 earns interest rates of 8 percent in the first year and 11 percent in the second year. What would be the second year future value? (Round your answer to 2 decimal places.) FUTURE VALUE?
Par ent liab at will b thin on payabl ed to cri ts or se ed with wyable, bt Loar An annuity pays $14 per year for 45 years. What is the future value (FV) of this annuity at the end of that 45 years given that the discount rate is 9% ? OA. $10,306.83 OB. $7,362.02 OC. $4,417.21 OD. $8,834.42

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