issing variable for each of the following alternatives of investments to accumulate $1,000,000. for 30 years @ 6% annual interest rate: Following are appropriate factors from tables: Table % / n Present Value of annuity due $1 Present
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QUESTION 41
-
Compute the missing variable for each of the following alternatives of investments to accumulate $1,000,000. for 30 years @ 6% annual interest rate:
Following are appropriate factors from tables:
Table
% / n
Present Value of annuity due $1
Present Value of ordinary annuity of $1
Present value of $1
Future Value of ordinary annuity of $1
6%/30
12.15812
13.76483
.17411
79.05819
One single deposit of $???????? for 30 years. Required Computations:
$166,666.66
$174,110
$175,933.83
$126,489
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- Compound Interest Table Complete the following schedule for investments a through f by indicating the relevant factor from the present value or future value table and the final present or future value amount. Investment Compounding a. Annuity b. Annuity Annually Semiannually Semiannually Annually c. Annuity d. Single Payment e. Single Payment Semiannually f. Single Payment Semiannually Factor Answer $ a. $ Annual Interest Rate Amount 5% $2,000 4% 1,000 6% 14,000 •Note: Round your answers to the nearest whole dollar. •Note: Do not use a negative sign (-) with your answers. b. 5% 9,000 6% 16,000 4% 9,600 $ C. Investment $ Period d. $ Payment at Beg. or End e. of Period 2 years End 3 years Beginning 4 years Beginning 6 years n/a 5 years n/a 4 years n/a $ f. Future Value or Present Value Future Present Future Present Future PresentQUESTION 1 Investment A will make N annual payments of $300.00 with the first of the N payments due immediately. Investment A has a value of $20000.00. Investment B is an ordinary annuity that will make (N minus 1) annual payments of $300.00 with the first payment due in one year from today. If investment A and investment B have the same expected return, then what is the value of investment B? O $19700.80(plus or minus $0.10) O $19700.00(plus or minus $0.10) O $19701.70(plus or minus $0.10) O $19701.10(plus or minus $0.10) O None of the above is within $0.10 of the correct answerFinance Find the savings plan balance after 18 months with an APR of 6% and monthly payments of $800. Assume an ordinary annuity. a. $15,028.63 c. $15,360.28 b. $15,280.36 d. $15,306.82 Please select the best answer from the choices provided A B C D
- pls answer and show cash flow diagram I will invest $500 per quarter for my retirement at 7.3% compounding quarterly for 32 years. I have achoice of making that payment of $500 at the beginning or the end of the quarter (regular annuity orannuity due). In which account will I have more money and by how much? Which account will earn themost interest and by how much? Ans: Regular Annuity‐ $249981.20, Interest = $185981.20; Annuity Due‐ $254543.36, Interest =$190543.36If you invest $8,000 at the end of every year for nine years at an interest rate of 8%, the balance of your investment in 3 years will be closest to Future Value of $1 Periods 3 4 5 5% 1.150 1216 1276 1.340 Future Value of Annuity of $1 Periods 5% 3 3.153 4 4.310 A. $25,968 OB. $10,080 OC. $24,000 OD. $20,616 6% 1.191 1.262 1.338 1.410 6% 3 184 4.375 8% 1.200 1.360 1.400 1.587 8% 3.246 4.506 10% 1.331 1.464 1611 1.772 10% 3.310 4.641Question 7 Consider the two investments shown in the table. Find the present value of each at Year 0 assuming an interest rate of 5%. What is the percentage difference in the present values (with Investment 1 as the base of the percentage)? Year 0 1 2 3 Investment #1 Investment #2 $0 $100. $100 $1,100 $0 $100 $1,100 $0
- 1. In a future value of 1 table: a. b. C. a. b. Annual Rate C. 11% 8% 8% Annual Rate 11% 8% 8% Number of Years Invested Save for Later Number of Years Invested 25 16 2. In a present value of an annuity of 1 table: (Round "Rate of Interest" answers to 1 decimal place, e.g. 4.5% and other answers to 0 decimal places, e.g 45.) 7 eTextbook and Media 11 8 16 Number of Rents Involved 25 32 Compounded 28 Annually Quarterly Semiannually Frequency of Rents Annually Semiannually (a) Rate of Interest Quarterly % (a) Rate of Interest % % % % (b) Number of Periods % (b) Number of Periods Attempts: 0 of 3 used Submit AnswerStep by step instructions please What is the future value of $11,000 invested for one year at an interest rate of 6% p.a.? a. $17000 b. $5000 c. $11660 d. $10377What is the value now of an annuity that paysf $6,000 at the end of each of the next 92 years assuming an interest rate is 9% per year? Question content area bottom Part 1 The PV is $enter your response here. (Round to the nearest dollar.)
- What is the future value of an annuity of $10,800 invested every year for the next 11 years starting one year from now at 9.6%? Answer: $ Blank 1answer if its true or false 1) Based on the following information calculate the value at time 2 of the investment made at time zero. This future value is equal to 113. discount time investment (years) rate 6% 100 1Present value of an annuity Consider the following cases. Case ◄AUA- E Amount of annuity $ 12.000 55.000 700 140.000 22.500 Interest rate 12 20 5 10 Period (years) a. Calculate the present value of the annuity assuming that it is (1) An ordinary annuity, mu 9 7 b. Compare your findings in parts al 1) and a(2). All else being identical, which of annuity-ordinary or annuity due-is preferable? Explain why. Personal Finance Problem Tume value-Annuities - Marian Kirk wishes to select the better of two 10-year annuines, C and D. Annuity C is an ordinary annuity of $2,500 per year for 10 years. Annuity D is an annuity due of $2,200 per year for 10 years. delen future value of both annuities at the end of year 10, assuming that