Question
In: Finance
1. Calculate the future value of an annuity due given the following information: Number of periods:
1. Calculate the future value of an annuity due given the following information:
Number of periods: 4
Interest rate: 9%
Payments of $100 made at the beginning of each period.
2. Calculate the present value of an ordinary annuity given the following information:
Number of periods: 7
Interest rate: 3%
Payments: $500
3. How many times per year is a principal compounded with continuous compounding?
Solutions
jeff jeffy answered 6 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...
What is the future value of the following annuity? # of periods = 10 Interest rate...
What is the future value of the following annuity? # of periods
= 10 Interest rate = 5.25% Compounding times per period = 12 Cash
flow (PMT) = 1000 Growth Rate = 3% # of payments per period = 12
This is an ordinary annuity
FUTURE VALUE: ANNUITY VERSUS ANNUITY DUE What's the future value of a 6%, 5-year ordinary annuity...
FUTURE VALUE: ANNUITY VERSUS ANNUITY DUE
What's the future value of a 6%, 5-year ordinary annuity that
pays $200 each year? Round your answer to the nearest cent.
$
If this was an annuity due, what would its future value be?
Round your answer to the nearest cent.
$
Problem 5-6 Future value: annuity versus annuity due a. What's the future value of a 8%,...
Problem 5-6
Future value: annuity versus annuity due
a. What's the future value of a 8%, 5-year ordinary annuity that
pays $100 each year? Round your answer to the nearest cent.
b. If this was an annuity due, what would its future value be?
Round your answer to the nearest cent.
Future Value: Ordinary Annuity versus Annuity Due What is the future value of a 3%, 5-year...
Future Value: Ordinary Annuity versus Annuity Due What is the
future value of a 3%, 5-year ordinary annuity that pays $800 each
year? Round your answer to the nearest cent. $
If this were an annuity due, what would its future value be? Round
your answer to the nearest cent. $
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