Question
In: Finance
For each of the following annuities, calculate the annuity payment. (Do not round intermediate calculations and...
For each of the following annuities, calculate the annuity payment. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
FV is 24,050, Years 8, and Interest Rate is 4%, Annuity Paymernt?
FV is 950,000, Years 35, and Interest Rate is 6%, Annuity Payment?
FV is 760,000, Years 21, and Interest Rate is 7%, Annuity Payment?
FV is 130,000, Years 12, and Interest Rate is 3%, Annuity Payment?
Please show answers using process on a financial calculator, thank you!
Solutions
jeff jeffy answered 2 years agoRelated Solutions
For each of the following annuities, calculate the annual cash flow. (Do not round intermediate calculations...
For each of the following annuities, calculate the annual cash
flow. (Do not round intermediate calculations and round your
answers to 2 decimal places, e.g., 32.16.)
Cash Flow Present Value Years Interest Rate
$ $ 31,900 6 12 %
28,900 8 10
152,000 15 15
221,700 15 14
For each of the following annuities, calculate the annual cash flow. (Do not round intermediate calculations...
For each of the
following annuities, calculate the annual cash flow. (Do
not round intermediate calculations and round your answers to 2
decimal places, e.g., 32.16.)
Cash Flow
Present Value
Years
Interest Rate
$
$
32,000
6
7
%
29,050
8
5
153,500
16
10
223,500
21
9
For each of the following, compute the future value: (Do not round intermediate calculations and round...
For each of the following, compute the future value: (Do
not round intermediate calculations and round your answers to 2
decimal places, e.g., 32.16.)
Present Value
Years
Interest Rate
Future Value
$
2,450
10
13
%
$
9,853
23
8
103,305
17
6
241,382
33
4
For each of the following, compute the present value: (Do not round intermediate calculations and round...
For each of the following, compute the present value:
(Do not round intermediate calculations and round your
answers to 2 decimal places, e.g., 32.16.)
Present Value
Years
Interest Rate
Future Value
$
11
5
%
$
17,828
3
10
42,017
15
13
795,382
20
12
652,816
For each of the following, compute the future value: (Do not round intermediate calculations and round...
For each of the following, compute the future value: (Do
not round intermediate calculations and round your answers to 2
decimal places, e.g., 32.16.)
Present Value
Years
Interest Rate
Future
Value
$
1,850
11
13
%
$
7,952
7
9
68,355
14
12
175,796
8
6
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%
1. Find the EAR in each of the following cases. (Do not round intermediate calculations and...
1. Find the EAR in each of the following cases. (Do not
round intermediate calculations and enter your answers as a percent
rounded to 2 decimal places, e.g., 32.16. Use 365 days in a
year.)
Stated Rate (APR)
Number of Times
Compounded
Effective Rate (EAR)
12.50
%
Quarterly
%
13.50
Monthly
%
18.50
Daily
%
14.50
Semiannually
%
2. Find the APR, or stated rate, in each of the following cases.
(Do not round intermediate calculations and enter your
answers...
Solve for the unknown interest rate in each of the following: (Do not round intermediate calculations...
Solve for the unknown interest rate in each of the following:
(Do not round intermediate calculations and enter your
answers as a percent rounded to 2 decimal places, e.g.,
32.16.)
Present Value
Years
Interest Rate
Future Value
$
785
4
%
$
1,521
975
5
1,858
22,000
16
148,832
77,300
19
326,815
Find the following values. Compounding/discounting occursannually. Do not round intermediate calculations. Round youranswers to...
Find the following values. Compounding/discounting occurs
annually. Do not round intermediate calculations. Round your
answers to the nearest cent.a. An initial $600 compounded for 10 years at 3%.b.An initial $600 compounded for 10 years at 6%.c. The present value of $600 due in 10 years at 3%.d. The present value of $1,125 due in 10 years at 6% and 3%.
Complete the following using present value. (Use the Tableprovided.) (Do not round intermediate calculations. Round...
Complete the following using present value. (Use the Table
provided.) (Do not round intermediate calculations. Round
the "PV factor" to 4 decimal places and final answer to the nearest
cent.)Amount desired at end of periodLength of timeRateCompoundedOn PV Table 12.3PV factor usedPV of amount desired at end of periodPeriod usedRate used$18,1005 years24%Quarterly%$
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