What is the future value of a $900 annuity payment over five years if interest rates are 8 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
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What is the future value of a $900 annuity payment over five years if interest rates are 8 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
The accumulated value can be calculated as future value of annuity
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- What is the future value of a $980 annuity payment over six years if interest rates are 10 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) FUTURE VALUE?What is the present value of a 3-year annuity of $180 if the discount rate is 7%? . What is the present value of the annuity in (a) if you have to wait an additional year for the first payment? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)What is the future value of a $890 annuity payment over six years if interest rates are 10 percent? ( do not round intermediate calculations and round your final answer to 2 decimal places)
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- What's the present value of a $890 annuity payment over six years if interest rates are 10 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Present valueWhat is the future value of a 6%, 5-year ordinary annuity that pays $450 each year? Do not round intermediate calculations. Round your answer to the nearest cent. If this were an annuity due, what would its future value be? Do not round intermediate calculations. Round your answer to the nearest centWhat's the future value of a 3%, 5-year ordinary annuity that pays $300 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.
- What real annuity (in today’s dollars) will $1 million support if the real interest rate at retirement is 2.3% and the annuity must last for 20 years? Note: Enter your answers in whole dollars, not in millions. Do not round intermediate calculations. Round your answer to 2 decimal places.1. What is the future value of a $900 annuity payment over five years if interest rates are 8 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) 2. Using the rule of 72, approximately how many years are needed to double a $100 investment when interest rates are 8.50 percent per year? (Round your answer to 2 decimal places.) 3. What’s the present value of a $900 annuity payment over five years if interest rates are 8 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.) 4. If the present value of an ordinary, 7-year annuity is $6,500 and interest rates are 7.5 percent, what’s the present value of the same annuity due? (Round your answer to 2 decimal places.) 5. What is the present value of a $360 payment in one year when the discount rate is 9 percent? (Round your answer to 2 decimal places.)Suppose you are going to receive $14,500 per year for five years. The appropriate interest rate is 8 percent. a-1. What is the present value of the payments if they are in the form of an ordinary annuity? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a-2. What is the present value of the payments if the payments are an annuity due? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b-1. Suppose you plan to invest the payments for five years. What is the future value if the payments are an ordinary annuity? Note: Do not round intermediate..