Question
In: Finance
Calculate the future value of the following annuity streams: a. $5,000 received each year for 5...
| Calculate the future value of the following annuity streams: |
| a. |
$5,000 received each year for 5 years on the last day of each year if your investments pay 7 percent compounded annually. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) |
| Future value | $ |
| b. |
$5,000 received each quarter for 5 years on the last day of each quarter if your investments pay 7 percent compounded quarterly. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) |
| Future value | $ |
| c. |
$5,000 received each year for 5 years on the first day of each year if your investments pay 7 percent compounded annually. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) |
| Future value | $ |
| d. |
$5,000 received each quarter for 5 years on the first day of each quarter if your investments pay 7 percent compounded quarterly. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) |
Solutions
jeff jeffy answered 1 year agoRelated Solutions
Calculate the future value of the following annuity streams: a. $5,000 received each year for 5...
Calculate the future value of the following annuity
streams:
a.
$5,000 received each year for 5 years on the last day of each
year if your investments pay 7 percent compounded annually.
(Do not round intermediate calculations. Round your answer
to 2 decimal places. (e.g., 32.16))
Future value
$
b.
$5,000 received each quarter for 5 years on the last day of each
quarter if your investments pay 7 percent compounded quarterly.
(Do not round intermediate calculations. Round your answer...
Calculate the future value of the following annuity streams: a. $5,000 received each year for 6...
Calculate the future value of the following annuity
streams:
a. $5,000 received each year for 6 years on the
last day of each year if your investments pay 6 percent compounded
annually.
b. $5,000 received each quarter for 6 years on the
last day of each quarter if your investments pay 6 percent
compounded quarterly.
c. $5,000 received each year for 6 years on the
first day of each year if your investments pay 6 percent compounded
annually.
d. $5,000...
Calculate the future value of the following annuity streams: a. $5,000 received each year for five...
Calculate the future value of the following annuity streams:
a. $5,000 received each year for five years on the last day of
each year if your investments pay 6 percent compounded
annually.
b. $5,000 received each quarter for five years on the last day
of each quarter if your investments pay 6 percent compounded
quarterly.
c. $5,000 received each year for five years on the first day of
each year if your investments pay 6 percent compounded
annually.
d. $5,000...
Calculate the future value of the following annuity streams: (LG 2-9) a. $5,000 received each year...
Calculate the future value of the
following annuity streams: (LG 2-9) a. $5,000 received each year
for five years on the last day of each year if your investments pay
6 percent compounded annually. b. $5,000 received each quarter for
five years on the last day of each quarter if your investments pay
6 percent compounded quarterly. c. $5,000 received each year for
five years on the first day of each year if your investments pay 6
percent compounded annually....
Calculate the present value of the following annuity streams: a. $5,000 received each year for 6...
Calculate the present value of the following annuity
streams:
a. $5,000 received each year for 6 years on the
last day of each year if your investments pay 7 percent compounded
annually.
b. $5,000 received each quarter for 6 years on the
last day of each quarter if your investments pay 7 percent
compounded quarterly.
c. $5,000 received each year for 6 years on the
first day of each year if your investments pay 7 percent compounded
annually.
d. $5,000...
Calculate the future value of the following annuity streams: a. $4,000 received each year for 4...
Calculate the future value of the following annuity
streams:
a. $4,000 received each year for 4 years on the
last day of each year if your investments pay 5 percent compounded
annually.
b. $4,000 received each quarter for 4 years on the
last day of each quarter if your investments pay 5 percent
compounded quarterly.
c. $4,000 received each year for 4 years on the
first day of each year if your investments pay 5 percent compounded
annually.
d. $4,000...
Calculate the present value of the following annuity streams: a. $4,000 received each year for 4...
Calculate the present value of the following annuity
streams:
a. $4,000 received each year for 4 years on the
last day of each year if your investments pay 6 percent compounded
annually.
b. $4,000 received each quarter for 4 years on the
last day of each quarter if your investments pay 6 percent
compounded quarterly.
c. $4,000 received each year for 4 years on the
first day of each year if your investments pay 6 percent compounded
annually.
d. $4,000...
Calculate the present value of the following annuity streams: a. $7,000 received each year for 6...
Calculate the present value of the following annuity
streams:
a. $7,000 received each year for 6 years on the
last day of each year if your investments pay 6 percent compounded
annually.
b. $7,000 received each quarter for 6 years on the
last day of each quarter if your investments pay 6 percent
compounded quarterly.
c. $7,000 received each year for 6 years on the
first day of each year if your investments pay 6 percent compounded
annually.
d. $7,000...
Calculate the present value of the following annuity streams: a. $6,000 received each year for 6...
Calculate the present value of the following annuity streams: a.
$6,000 received each year for 6 years on the last day of each year
if your investments pay 7 percent compounded annually. (Do not
round intermediate calculations. Round your answer to 2 decimal
places. (e.g., 32.16)) Present value $ b. $6,000 received each
quarter for 6 years on the last day of each quarter if your
investments pay 7 percent compounded quarterly. (Do not round
intermediate calculations. Round your answer...
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.
$
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