An 8-year annuity gives monthly payments. The first payment is $3.50 one month from now, and...

An 8-year annuity gives monthly payments. The first payment is $3.50 one month from now, and each subsequent payment is $1.00 higher than the previous payment. At a nominal rate of interest 10.00% convertible monthly, what is the price of this annuity?

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jeff jeffy answered 1 year ago

A fifteen-year annuity-immediate has monthly payments. The first payment is $300 and the monthly increase is...

A fifteen-year annuity-immediate has monthly payments. The first payment is $300 and the monthly increase is $50. Calculate the accumulated value of the annuity if the annual effective interest rate is 4%. pls show work and formula, thanks!

A 12-year annuity of $225 monthly payments begins in 7 years (the first payment is at...

A 12-year annuity of $225 monthly payments begins in 7 years (the first payment is at the end of the first month of year 7, so it's an ordinary annuity). The appropriate discount rate is 8%, compounded monthly. What is the value of the annuity 5 years from today? $20,786.13 $15,109.87 $17,722.18 $16,363.98

2. A 5-year annuity of $350 monthly payments begins in 10 years (the first payment is...

2. A 5-year annuity of $350 monthly payments begins in 10 years (the first payment is at the end of the first month of year 10, so it's an ordinary annuity). The appropriate discount rate is 12%, compounded monthly. What is the value of the annuity today?

3-year annuity immediate with monthly payments has an initial payment of 200. Subsequent monthly payments are...

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A 30-year annuity has end-of-month payments. The first year the payments are $120 each. In subsequent...

A 30-year annuity has end-of-month payments. The first year the payments are $120 each. In subsequent years the monthly payment increases by $5 over what it was the previous year. Find the accumulated value of this annuity if AEIR=3% A. 84,820 B. 42,390 C. 105,070 D. 100,620 E. 41,560

Assume you are to receive a 10-year annuity with annual payments of $800. The first payment...

Assume you are to receive a 10-year annuity with annual payments of $800. The first payment will be received at the end of year 1, and the last payment will be received at the end of year 10. You will invest each payment in an account that pays 7 percent compounded annually. Although the annuity payments stop at the end of year 10, you will not with draw any money from the account until 20 years from today, and the...

Charlotte will receive quarterly payments from a perpetuity, beginning now. The amount of the first payment...

Charlotte will receive quarterly payments from a perpetuity, beginning now. The amount of the first payment is 100, and each subsequent payment is larger than the previous payment by an amount X. Assuming an interest of 6% convertible monthly, the present value of this perpetuity is $20,000. Find X.

A perpetuity will make annual payments with the first payment coming 12 years from now. The...

A perpetuity will make annual payments with the first payment coming 12 years from now. The first payment is for $4500, and each payment that follows is $150 dollars more than the previous one. If the effective rate of interest is 4.8%, what is the present value of the perpetuity?

What is the monthly payment for a $800,000 mortgage for the first 119 payments that is...

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a 20-years annuity-immediate has annual payments . The first payment is 100 and subsequent payments are...

a 20-years annuity-immediate has annual payments . The first payment is 100 and subsequent payments are increased by 100 until they reach 1000. The remaining payment stay at 1000. the annual effective intersst rate 7.5% . What is the coast of this annuity?

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