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Compute the present values of the following annuities first assuming that payments are made on the...
Compute the present values of the following annuities first assuming that payments are made on the last day of the period and then assuming payments are made on the first day of the period: (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) Payment Years Interest Rate (Annual) Present Value (Payment made on last day of period) Present Value (Payment made on first day of period) $ 758.09 7 13% $ $ 8,768.26 13 6 21,122.93 23 4 70,512.54 4 31
Solutions
jeff jeffy answered 1 year agoRelated Solutions
Compute the present values of the following annuities first assuming that payments are made on the...
Compute the present values of the following annuities first
assuming that payments are made on the last day of the period and
then assuming payments are made on the first day of the period: (Do
not round intermediate calculations. Round your answers to 2
decimal places. (e.g., 32.16))
Payment Years. Interest Rate (Annual)
828.09. 8. 14%
9,468.26. 14. 7%
21,822.93. 24. 5%
71, 212.54. 5. 32%
Compute the Future Values of the following. first assuming that payments are made on the last...
Compute the Future Values of the following. first assuming that
payments are made on the last day of the period, and then assuming
payments are made on the first day of the period:
payment
years
interest rate
Future Value (payment on last day )
Future Value (payment on first day )
$123
13
13%
$4,555
8
8%
$74,484
5
10%
$189,262
9
1%
What is the future value of payments of $189,262 for 9 years
with an interest rate of...
Find the future value of the following annuities. The first payment in these annuities is made...
Find the future value of the following annuities. The first
payment in these annuities is made at the end of Year 1, so they
are ordinary annuities. (Notes: If you are using a financial
calculator, you can enter the known values and then press the
appropriate key to find the unknown variable. Then, without
clearing the TVM register, you can "override" the variable that
changes by simply entering a new value for it and then pressing the
key for the...
Find the future value of the following annuities. The first payment in these annuities is made...
Find the future value of the following annuities. The first
payment in these annuities is made at the end of Year 1, so they
are ordinary annuities. (Notes: If you are using a financial
calculator, you can enter the known values and then press the
appropriate key to find the unknown variable. Then, without
clearing the TVM register, you can "override" the variable that
changes by simply entering a new value for it and then pressing the
key for the...
PRESENT VALUE OF AN ANNUITY Find the present values of these ordinary annuities. Discounting occurs once...
PRESENT VALUE OF AN ANNUITY
Find the present values of these ordinary
annuities. Discounting occurs once a year. Round your answers
to the nearest cent.
$700 per year for 16 years at 6%.
$
$350 per year for 8 years at 3%.
$
$800 per year for 6 years at 0%.
$
Rework previous parts assuming that they are annuities
due. Round your answers to the nearest cent.
$700 per year for 16 years at 6%.
$
$350 per year...
Find the present values of these ordinary annuities. Discounting occurs once a year.
Find the present values of these ordinary
annuities. Discounting occurs once a year. Do not round
intermediate calculations. Round your answers to the nearest
cent.$1,000 per year for 14 years at 4%.$ $500 per year for 7 years at 2%.$ $700 per year for 7 years at 0%.$ Rework previous parts assuming they are annuities
due.Present value of $1,000 per year for 14 years at 4%:
$ Present value of $500 per year for 7 years at 2%:
$ Present value of $700 per year...
9-16 Find the present values of the following ordinary annuities: a. PV of $400 each six...
9-16 Find the present values of the following ordinary
annuities: a. PV of $400 each six months for five years at a simple
rate of 12 percent, compounded semiannually b. PV of $200 each
three months for five years at a simple rate of 12 percent,
compounded quarterly c. The annuities described in parts (a) and
(b) have the same amount of money paid into them during the
five-year period and both earn interest at the same simple rate,
yet...
6. Calculating Annuity Values. For each of the following annuities, calculate the present value. Annuity Payment...
6. Calculating Annuity Values. For each of the following
annuities, calculate the present value.
Annuity Payment Years Interest Rate
$2,100 7 5%
1,095 9 10%
11,000 18 8%
30,000 28 14%
Find the future values of the following ordinary annuities.
Future Value of an Annuity for Various Compounding
PeriodsFind 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 described in parts a and b...
Find the present value of the following ordinary annuities:
Find the present value of the following ordinary annuities:
$600 per year for 10 years at 10%
$300 per year for 5 years at 5%
$600 per year for 5 years at 0%
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