Find the present value of the following annuity: An amount of $15,806 is paid quarterly for 3 years at a compound quarter interest of 6.8%. (a) $170,260.47 (6) $170,270.74 (c) $170,200.47 (d) $170,275.47 Answer O B Submit
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- Determine the interest earned by an ordinary simple annuity that pays $900 for 8 years at 6.2% per year compounded quarterly. a) $28 450.15 O b) $6229.34 O c) $6693.85 d) $8123.43K Use the ordinary annuity formula to determine the accumulated amount in the annuity. Round to the nearest cent. $225 is invested quarterly for 7 years at 7% compounded quarterly OA. $14,041.15 OB. $8,741.14 OC. $8,041.02 OD. $8,441.04Determine the nominal annual rate of interest of the following ordinary general annuity. Term Conversion Period Present Value Periodic Payment Payment Interval $4600 $787.91 1 year 9 years monthly The nominal annual rate of interest is (Round to two decimal places as needed.) % compounded monthly.
- Find the future value of an annuity in 16 years if you deposit $110 at the end of each compounding period into an account paying 3.00% compounded quarterly. O $9146.90 $ 8993.34 O $ 2217.26 O $ 8445.74Find the present value and the amount of the annuity at the specified interest rate; Php 200 quarterly for 19 ½ years ; at (0.045, m = 4) a.) 16 224 and 26 033 b.) 10 349 and 24 767 c.) 9 032 and 22 602 d.) 8 915 and 10 349Find the amount of ordinary annuity based on the information given. R = $5300, 4% interest compounded quarterly for 9 years
- Find the present value of the ordinary annuity. Round answer to the nearest cent Payments of $530 made annually for 13 years at 6% compounded annually O A. $4,691.92 B. $4,690.24 O C. $4,926.35 O D. $4,443.41Find the future value of an annuity in 18 years if you deposit $85 at the end of each compounding period into an account paying 2.00% compounded monthly. $7344.75 $ 26295.83 $ 22077.90 O $3661.531. Find the present value of the following ordinary deferred annuity. Periodic Payment Made Payment Period Period of Term Interest Rate Conversion Period At: Deferment $280 end 6 months 10 years 6 years 6% Monthly 2. Frank's Machine Shon