Find the present value of an ordinary annuity with payments of $18,579 quarterly for 7 years at 8.4% compounded quarterly. What is the present value? (Round to the nearest cent.)
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityFind the future value of the following ordinary annuity. Payments are made and interest is compounded as given. R = $500, 7% interest compounded quarterly for 8 years What is the future value of the ordinary annuity? $ (Round to the nearest dollar as needed.)Find the present value of an ordinary annuity with deposits of $11,055 semiannually for 10 years at 9.2% compounded semiannually. What is the present value? $ (Round to the nearest cent.)
- Find the present value of an ordinary annuity with deposits of $14,531 every 6 months for 3 years at 6.8% compounded semiannually. What is the present value? (Round to the nearest cent as needed.)Find the present value of an ordinary annuity with deposits of $22,682 quarterly for 5 years at 5.6% compounded quarterly. What is the present value? (Round to the nearest cent.)Find the future value of the following ordinary annuity. Payments are made and interest is compounded as given. R = $600, 7% interest compounded monthly for 6 years What is the future value of the ordinary annuity? $ (Round to the nearest dollar as needed.)
- Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $1000/semiannual period for 8 years at 3.5%/year compounded semiannually.Find the future value of the following ordinary annuities. Payments are made and interest is compounded as given. R = $9000, 5% interest compounded annually for 15 years What is the future value of the ordinary annuity? $ (Round to the nearest cent.)Find the present value of an ordinary annuity which has payments of $2300 per year for 19 years at 7% compounded annually. The present value is $ (Round to the nearest cent)
- What is the present value of an annuity that consists of 24 semiannual payments of $8000 at the interest rate of 8% per year, compounded semiannually? (Round your answer to the nearest cent.)Find the payment made by the ordinary annuity with the given present value. $82,087, monthly payments for 30 years. Intrest rate is 4% compounded monthly. The payment is $ ? Please simplify your answer. Round to nearest cent as neededFind the payment made by the ordinary annuity with the given present value. $76,790; monthly payments for 30 years; interest rate is 5.6%, compounded monthly The payment is $ (Simplify your answer. Round to the nearest cent as needed.)