) What is the present value of an ordinary 12-year annuity that
pays $1,000 per year when the interest rate is 7%? a. $7,942.70 b.
$8,942.71 c. $9,942.72 d. $10,942.56 e. None of the above.
An ordinary annuity that pays $300 per year has a
present value of $21,000. Assuming a cost of capital of 6%, how
much would this value change if it were an annuity
due?
Round your answer to 2 decimal places.
You need a new car and are considering leasing versus
buying.
Lease Option: You could lease the car for 6 years
starting today for $6,000 per year with the first payment being due
at the end of year 1.
Purchase...
Find the Future Value of an ordinary annuity that pays $600 per
year for 5 years at 4%. Compounding occurs once a year.
$2,187.31
$3,249.79
$729.99
$2,671.10
$2,586.08
An annuity pays $10 per month for 50 years. What is the future
value (FV) of this annuity at the end of that 50 years given that
the interest rate is 5%?
Since your first birthday, your grandparents have been
depositing $1000 into a savings account on every one of your
birthdays. The account pays 4% interest annually. Immediately after
your grandparents make the deposit on your 18th birthday, what will
be the amount of money in your savings account?...
An annuity pays $47 per year for 22 years. What is the future
value (FV) of this annuity at the end of those 22 years, given that
the discount rate is 8%?Select one:$3649.06$3127.76$2606.47$1563.88