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

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jeff jeffy answered 1 year ago

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?

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!

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

3-year annuity immediate with monthly payments has an initial payment of 200. Subsequent monthly payments are x% more than each preceding payment. Given that the amount of the 14th payment is 481.969, determine the present value of the annuity using a 9%, compounded monthly, interest rate.

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?

You are offered a 12-year annuity of $10,000 annual payments. However, the annuity begins in 8...

You are offered a 12-year annuity of $10,000 annual payments. However, the annuity begins in 8 years (you will not receive any payments for 8 years, but will then receive $10,000 at the end of each year for 12 years. If the discount rate is 5% per year (compounded annually), what is the current value of the annuity?

You are offered a 18-year annuity of $10,000 annual payments. However, the annuity begins in 7...

You are offered a 18-year annuity of $10,000 annual payments. However, the annuity begins in 7 years (you will not receive any payments for 7 years, but will then receive $10,000 at the end of each year for 18 years. If the discount rate is 6% per year (compounded annually), what is the current value of the annuity?

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?

A 10-year annuity making quarterly payments of 3250 will make its first payment 11 years and...

A 10-year annuity making quarterly payments of 3250 will make its first payment 11 years and 3 months from today. You would like to purchase this annuity 2 years from today. If you want to earn an effective annual rate of 4.5% what should you be willing to pay 2 years from now? Enter your answer below to the nearest dollar.

1. A 6-year annuity making quarterly payments of 3250 will make its first payment 11 years...

1. A 6-year annuity making quarterly payments of 3250 will make its first payment 11 years and 3 months from today. You would like to purchase this annuity 2 years from today. If you want to earn an effective annual rate of 7.5% what should you be willing to pay 2 years from now? Enter your answer below to the nearest dollar. 2. What is the equivalent compound quarterly rate for 10% compound monthly? (convert from compound monthly to compound...

If an insurance company offers you annuity payments of $45,000 per year for the first 12 years of retirement and $52,000 per year for the next 12 years

If an insurance company offers you annuity payments of $45,000 per year for the first 12 years of retirement and $52,000 per year for the next 12 years, what would you be willing to pay for this annuity if you have a required rate of return of 6%? Assume beginning of year payments

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