A 15-year annuity pays $1,500 per month, and payments are made at the end of each...

A 15-year annuity pays $1,500 per month, and payments are made at the end of each month. If the interest rate is 10 percent compounded monthly for the first seven years, and 6 percent compounded monthly thereafter, what is the present value of the annuity?

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jeff jeffy answered 2 years ago

A 13-year annuity pays $1,400 per month, and payments are made at the end of each...

A 13-year annuity pays $1,400 per month, and payments are made at the end of each month. The interest rate is 12 percent compounded monthly for the first Five years and 11 percent compounded monthly thereafter. Required: What is the present value of the annuity? A) $1,343,944.86 B) $109,755.50 C) $111,995.40 D) $152,061.20 E) $114,235.31

A 17-year annuity pays $1,600 per month, and payments are made at the end of each...

A 17-year annuity pays $1,600 per month, and payments are made at the end of each month. The interest rate is 11 percent compounded monthly for the first six years and 9 percent compounded monthly thereafter. What is the present value of the annuity? $153,407.29 $150,339.14 $156,475.43 $217,830.03 $1,840,887.45

A 13-year annuity pays $1,100 per month, and payments are made at the end of each...

A 13-year annuity pays $1,100 per month, and payments are made at the end of each month. The interest rate is 9 percent compounded monthly for the first five years and 6 percent compounded monthly thereafter. What is the present value of the annuity?

A 20-year annuity pays $2,100 per month, and payments are made at the end of each...

A 20-year annuity pays $2,100 per month, and payments are made at the end of each month. If the interest rate is 11 percent compounded monthly for the first ten years, and 7 percent compounded monthly thereafter, what is the present value of the annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

A 12-year annuity pays $1,400 per month, and payments are made at the end of each...

A 12-year annuity pays $1,400 per month, and payments are made at the end of each month. The interest rate is 11 percent compounded monthly for the first six years and 10 percent compounded monthly thereafter. What is the present value of the annuity?

A 18-year annuity pays $1,300 per month, and payments are made at the end of each...

A 18-year annuity pays $1,300 per month, and payments are made at the end of each month. The interest rate is 12 percent compounded monthly for the first six years and 10 percent compounded monthly thereafter. What is the present value of the annuity?

A 15-year annuity pays $1,000 per month, and payments are madeat the end of each...

A 15-year annuity pays $1,000 per month, and payments are made at the end of each month. The interest rate is 15 percent compounded monthly for the first six years and 14 percent compounded monthly thereafter. What is the present value of the annuity?Multiple Choice$108,515.59$72,323.18$867,878.16$70,876.72$73,769.64

17. A 19-year annuity pays $1,300 per month, and payments are made at the end of...

17. A 19-year annuity pays $1,300 per month, and payments are made at the end of each month. The interest rate is 7 percent compounded monthly for the first Six years and 5 percent compounded monthly thereafter. Required: What is the present value of the annuity? Multiple Choice $177,689.68 $225,152.39 $170,721.46 $2,090,466.81 $174,205.57 18. Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you just received your...

A 20-year annuity pays $1,450 per month, and payments are madeat the end of each...

A 20-year annuity pays $1,450 per month, and payments are made at the end of each month. If the interest rate is 11 percent compounded monthly for the first ten years, and 7 percent compounded monthly thereafter, what is the present value of the annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

A 20 year annuity pays 1600 per month at the end of each month. if the...

A 20 year annuity pays 1600 per month at the end of each month. if the discount rate is 10% compounded monthly for the first nine years and 8% compounded monthly thereafter, what is the present value of the annuity?

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