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?...
) 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.
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. $
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
What's the future value of a 10%, 5-year ordinary annuity that
pays $400 each year? If this was an annuity due, what would its
future value be? Do not round intermediate calculations. Round your
answers to the nearest cent.
Future Value of an Ordinary Annuity: $
Future Value of an Annuity Due:
You borrow $270,000; the annual loan payments are $17,563.89
for 30 years. What interest rate are you being charged? Round your
answer to the nearest whole number.
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