Question
In: Finance
Compound annuity) What is the accumulated sum of each of the following streams of payments? a....
Compound annuity) What is the accumulated sum of each of the following streams of payments?
a. $ 520 year for 9 years compounded annually at 11percent.
b. $ 108 year for 6 years compounded annually at 9 percent.
c. $ 33 year for 12 years compounded annually at 13 percent.
d. $ 24 year for 5 years compounded annually at 4 percent.
A. What is the accumulated sum of $ 520 year for years compounded annually at 11 percent?
$(Round to the nearest cent.)
B. What is the accumulated sum of $ 108 a year for 6 years compounded annually at 9 percent?
$ (Round to the nearest cent.)
C. What is the accumulated sum of $ 33 year for 12 years compounded annually at 13 percent?
$ (Round to the nearest cent.)
D. What is the accumulated sum of $ 24 year for 5 years compounded annually at 4 percent?
$ (Round to the nearest cent.)
Solutions
jeff jeffy answered 2 years agoRelated Solutions
(Compound annuity) What is the accumulated sum of each of the following streams of payments? a....
(Compound annuity) What is the accumulated sum of each of the
following streams of payments?
a. $520 a year for 10 years compounded annually at 10
percent.
b. $112 a year for 8 years compounded annually at 8 percent.
c. $34 a year for 13 years compounded annually at 11
percent.
d. $28 a year for 4 years compounded annually at 5 percent.
a. What is the accumulated sum of $520 a year for 10 years
compounded annually at 10...
What is the accumulated sum of each of the following streams of ordinary annuity payments? a....
What is the accumulated sum of each of the following streams of
ordinary annuity
payments?
a. $35 per half-year for three and a half years at 14% p.a.
compounded half-
yearly.
b. $25 a year for three years compounded annually at 2%.
c. $500 a year for 10 years compounded annually at 5%
What is the accumulated sum of the following stream of payments? $1,938 every year at the...
What is the accumulated sum of the following stream of payments?
$1,938 every year at the end of the year for 8 years at 5.51
percent, compounded annually.
Question 1 What is the accumulated sum of the following stream of payments? $924 every year...
Question 1
What is the accumulated sum of the following stream of
payments?
$924 every year at the end of the year for 11 years at 5.88
percent, compounded annually.
Round the answer to two decimal places and show
work
Question 2
For the next 15 years, you decide to place $4,171 in equal
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last day of each quarter if your investments pay 6 percent
compounded quarterly.
c. $4,000 received each year for 4 years on the
first day of each year if your investments pay 6 percent compounded
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d. $4,000...
Calculate the future value of the following annuity streams: a. $5,000 received each year for 5...
Calculate the future value of the following annuity
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a.
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year if your investments pay 7 percent compounded annually.
(Do not round intermediate calculations. Round your answer
to 2 decimal places. (e.g., 32.16))
Future value
$
b.
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(Do not round intermediate calculations. Round your answer...
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Calculate the future value of the following annuity
streams:
a.
$5,000 received each year for 5 years on the last day of each
year if your investments pay 7 percent compounded annually.
(Do not round intermediate calculations. Round your answer
to 2 decimal places. (e.g., 32.16))
Future value
$
b.
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quarter if your investments pay 7 percent compounded quarterly.
(Do not round intermediate calculations. Round your answer...
Calculate the future value of the following annuity streams: a. $4,000 received each year for 4...
Calculate the future value of the following annuity
streams:
a. $4,000 received each year for 4 years on the
last day of each year if your investments pay 5 percent compounded
annually.
b. $4,000 received each quarter for 4 years on the
last day of each quarter if your investments pay 5 percent
compounded quarterly.
c. $4,000 received each year for 4 years on the
first day of each year if your investments pay 5 percent compounded
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Calculate the present value of the following annuity streams: a. $7,000 received each year for 6...
Calculate the present value of the following annuity
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a. $7,000 received each year for 6 years on the
last day of each year if your investments pay 6 percent compounded
annually.
b. $7,000 received each quarter for 6 years on the
last day of each quarter if your investments pay 6 percent
compounded quarterly.
c. $7,000 received each year for 6 years on the
first day of each year if your investments pay 6 percent compounded
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d. $7,000...
Calculate the future value of the following annuity streams: a. $5,000 received each year for 6...
Calculate the future value of the following annuity
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a. $5,000 received each year for 6 years on the
last day of each year if your investments pay 6 percent compounded
annually.
b. $5,000 received each quarter for 6 years on the
last day of each quarter if your investments pay 6 percent
compounded quarterly.
c. $5,000 received each year for 6 years on the
first day of each year if your investments pay 6 percent compounded
annually.
d. $5,000...
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