Question
In: Finance
Problem 4-18 Future Value of an Annuity for Various Compounding Periods Find the future values of...
Problem 4-18
Future Value of an Annuity for Various Compounding Periods
Find the future values of the following ordinary annuities:
- FV of $600 paid each 6 months for 6 years at a nominal rate of
8%, compounded semiannually. Round your answer to the nearest
cent.
$ - FV of $300 paid each 3 months for 6 years at a nominal rate of
8%, compounded quarterly. Round your answer to the nearest
cent.
$
Solutions
Expert Solution
The calculation of future value of an annuity is shown below.
Following shows the working for future value.
jeff jeffy answered 9 months agoRelated Solutions
Future Value of an Annuity for Various Compounding Periods Find the future values of the following...
Future Value of an Annuity for Various Compounding Periods Find
the future values of the following ordinary annuities. FV of $400
each 6 months for 10 years at a nominal rate of 16%, compounded
semiannually. Do not round intermediate calculations. Round your
answer to the nearest cent.
FV of $200 each 3 months for 10 years at a nominal rate of 16%,
compounded quarterly. Do not round intermediate calculations. Round
your answer to the nearest cent. $
Future Value of an Annuity for Various Compounding Periods Find the future values of the following...
Future Value of an Annuity for Various Compounding
Periods
Find the future values of the following ordinary annuities.
FV of $600 each 6 months for 9 years at a nominal rate of 12%,
compounded semiannually. Do not round intermediate calculations.
Round your answer to the nearest cent.
$
FV of $300 each 3 months for 9 years at a nominal rate of 12%,
compounded quarterly. Do not round intermediate calculations. Round
your answer to the nearest cent.
$
The annuities...
Future Value of an Annuity for Various Compounding Periods Find the future values of the following...
Future Value of an Annuity for Various Compounding Periods Find
the future values of the following ordinary annuities. FV of $800
each 6 months for 9 years at a nominal rate of 8%, compounded
semiannually. Do not round intermediate calculations. Round your
answer to the nearest cent. $ FV of $400 each 3 months for 9 years
at a nominal rate of 8%, compounded quarterly. Do not round
intermediate calculations. Round your answer to the nearest cent. $
The annuities...
Future Value of an Annuity for Various Compounding Periods Find the future values of the following...
Future Value of an Annuity for Various Compounding
Periods
Find the future values of the following ordinary annuities.
FV of $200 each 6 months for 5 years at a nominal rate of 8%,
compounded semiannually. Do not round intermediate calculations.
Round your answer to the nearest cent.
$
FV of $100 each 3 months for 5 years at a nominal rate of 8%,
compounded quarterly. Do not round intermediate calculations. Round
your answer to the nearest cent.
$
The annuities...
Future Value of an Annuity for Various Compounding Periods Find the future values of the following...
Future Value of an Annuity for Various Compounding
Periods
Find the future values of the following ordinary annuities.
FV of $600 each 6 months for 4 years at a nominal rate of 12%,
compounded semiannually. Do not round intermediate calculations.
Round your answer to the nearest cent.
$
FV of $300 each 3 months for 4 years at a nominal rate of 12%,
compounded quarterly. Do not round intermediate calculations. Round
your answer to the nearest cent.
$
The annuities...
Future Value of an Annuity for Various Compounding Periods Find the future values of the following...
Future Value of an Annuity for Various Compounding
Periods
Find the future values of the following ordinary annuities.
FV of $800 each 6 months for 9 years at a nominal rate of 12%,
compounded semiannually. Do not round intermediate calculations.
Round your answer to the nearest cent.
$
FV of $400 each 3 months for 9 years at a nominal rate of 12%,
compounded quarterly. Do not round intermediate calculations. Round
your answer to the nearest cent.
$
The annuities...
Problem 4-16 Future Value for Various Compounding Periods Find the amount to which $550 will grow...
Problem 4-16
Future Value for Various Compounding Periods
Find the amount to which $550 will grow under each of the
following conditions. Do not round intermediate calculations. Round
your answer to the nearest cent.
9% compounded annually for 5 years
$
9% compounded semiannually for 5 years
$
9% compounded quarterly for 5 years
$
9% compounded monthly for 5 years
$
Problem 4-16 Future Value for Various Compounding Periods Find the amount to which $550 will grow...
Problem 4-16
Future Value for Various Compounding Periods
Find the amount to which $550 will grow under each of the
following conditions. Do not round intermediate calculations. Round
your answer to the nearest cent.
3% compounded annually for 5 years
$
3% compounded semiannually for 5 years
$
3% compounded quarterly for 5 years
$
3% compounded monthly for 5 years
$
Problem 4-16 Future Value for Various Compounding Periods Find the amount to which $400 will grow...
Problem 4-16 Future Value for Various Compounding Periods Find
the amount to which $400 will grow under each of the following
conditions. Round your answer to the nearest cent.
4% compounded annually for 5 years
4% compounded semiannually for 5 years
4% compounded quarterly for 5 years
4% compounded monthly for 5 years $
Present Value for Various Compounding Periods Find the present value of $575 due in the future...
Present Value for Various Compounding
Periods
Find the present value of $575 due in the future under each of
the following conditions. Do not round intermediate calculations.
Round your answers to the nearest cent.
9% nominal rate, semiannual compounding, discounted back 5
years.
$
9% nominal rate, quarterly compounding, discounted back 5
years.
$
9% nominal rate, monthly compounding, discounted back 1
year.
$
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