Xenia has a 16 year annuity immediate making annual payments that grow geometrically at the rate 8.000%. The first payment is $4500.00 and the interest rate is i(4) = 9.250 %$. What is the present value of her annuity? O a. Q = $62,619.36 O b. Q = $63,210.11 O c. Q = $64,982.36 O d. Q = $59,665.62 O e. Q = $59,074.87 Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC-3 (Quite sure: >80%)
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6.. math of interest. please solve it correctly. Not graded question. I got answer e but please double check
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- 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 paymentDelia purchases an annuity that will pay her $10,000 per year for the next 10 years starting next year. Assuming a rate of 6%, what is the value of the annuity. Choose the closest. a) $106,000 b) $131,808 c) $159,374 d) $171,569Conchita has a 13 year annuity immediate making annual payments that grow geometrically at the rate 2.250 %. The first payment is $2,250.00 and the interest rate is i(12) =7.500%$. What is the future value of her annuity? Question 2Answer a. Q = $53,901.79 b. Q = $52,300.75 c. Q$56,570.20 d. Q = $54,435.48 e. Q = $53,368.11
- 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?Sammie Jo wants to begin saving for her retirement in 35 years. She researched and found an annuity that pays 5.25% interest, compounded quarterly. She is undecided on her monthly payment. Use your TVM solver to find her future value of the following monthly payments into her annuity. a) $750 N: P/Y: I%: C/Y: PMT: End or Begin FV: $207,935.65 $307,321.35 $921,964.04 1,000,000.00Matt will receive an annuity of $11,850.75 a year for nine years. The first payment is to be received six years from today. At a 4.34% discount rate, this annuity’s worth today is closest to A. $86,007.68. B. $80,158.41. C. $73,204.97. D. $70,160.02.
- 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?Katie is planning to receive an annuity of $7,545 per year for the next 38 years as part of her retirement plan. The interest rate is 0.06 per annum compounded annually. Calculate the present value (PV) of this annuity $6,191.79 $1,484.60 $4,920.36 $5,190,960.00 $112,013.21Laura 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 cent
- Jane receives payments of X at the beginning of each year forever. The present value of her annuity is 460.May receives payments of 6X at the beginning of each year for 2n years. The present value of her annuity is 2600. If both accounts have the same annual effective rate of interest, i, calculate vn. Round your answer to 4 decimal places.Ethan 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?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? Question 1 of 6 Ordinary simple annuity O Ordinary general annuity O Simple annuity due o General annuity due V