Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) Amount of Deposit Frequency Rate Time m $800 annually 1% 30 yr Need Help? Read It

Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) Amount of Deposit Frequency Rate Time m $800 annually 1% 30 yr Need Help? Read It

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: In the following ordinary annuity, the interest is compounded with each payment, and the payment is…

A: Monthly deposit can be calculated using PMT function in excel. PMT(rate, nper, pv, [fv], [type])…

Q: Find the future value of an annuity due with an annual payment of $14,000 for three years at 4%…

A: Future value of an annuity: The worth of a sum of money that will be paid on a specified date in…

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

A: The future value of the annuity is the future worth of a cash flow series at a certain rate of…

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: Present Value of annuity refers to the present value of all the future payments of and series of…

Q: Find the amount accumulated FV in the given annuity account. HINT [See Quick Example 1 and Example…

A: To calculate the future value of annuity account we will use the below formula Future value =…

Q: Prepare a time diagram for the present value of a four-year annuity due of $200. Assume an interest…

Q: Suppose payments were made at the end of each month into an ordinary annuity earning interest at the…

A: Future value of an annuity is $55000 Annual interest rate is 5.5% per year compounded monthly Time…

Q: If you deposit $100 in a savings account at the end of each month for 2 years, the balance will be a…

A: Ordinary Annuity means a series of equal payments that are made over a fixed length of time at the…

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: Future value of annuity =P * [ (1+r)^n - 1 ] /r Where, P = $100 n = 8*12 i.e. 96 r = 5%/12 i.e.…

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: Here, The amount of deposit is P. The annuity payment is A. The interest rate is r. The maturity…

Q: Find the future value of an ordinary annuity of $700 paid at the end of each year for 6 years, if…

A: Future Value: It refers to the amount or future worth of an asset at a particular date in the…

Q: Find the future value of an annuity of $1800 paid at the end of each year for 15 years, if interest…

A: Future value of an annuity:- It is the recurring payment that occurs at a specific date in the…

Q: Suppose payments were made at the end of each month into an ordinary annuity earning interest at the…

A: In the given problem, the future value of the annuity is given which is $70,000 Time is 14 years…

Q: Find the future value of an ordinary annuity of $6,000 paid quarterly for 2 years, if the interest…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: What deposit made at the beginning of each month will accumulate to $120,000 at 8% compounded…

A: A cash flow diagram is a visual representation of cash inflows and cash outflows over a specified…

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: Ordinary annuity are the payments which are made at the end of the period.

Q: Recently, More Money 4U offered an annuity that pays 5.7%compounded monthly. If$1,402 is deposited…

A: MONTHLY COMPOUNDING RATE (5.7%) 0.4750% PERIOD (11*12) 132 PMT (MONTHLY DEPOSIT) 1402…

Q: Find the future value for the ordinary annuity with the given payment and interest rate.…

A: The calculation of the future value of the ordinary annuity using the FV function of excel is as…

Q: Find the future value of an annuity due with an annual payment of $9,000 for two years at 7.5%…

A: future value of annuity due is a series of payments made at the beginning of each period

Q: Recently, More Money 4U offered an annuity that pays 6.3% compounded monthly. If $1,335 is deposited…

A: Amount accumulated in an account is computed as the Future value of an annuity. Interest earned is…

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: Find the periodic payments PMT necessary to accomulate the given account in an annuity account.…

A: The annuity in which fixed amounts are paid at the end of each period is known as an ordinary…

Q: Suppose payments were made at the end of each month into an ordinary annuity earning interest at the…

A: Using excel PMT function

Q: Find the amount that should be invested now to accumulate the following amount, if the money is…

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: A series of fixed payments that are paid or received at an equal time interval is term as the…

Q: Find the future value of an annuity due of $1,500 semiannually for six years at 7% annual interest…

A: FV = PV * [(1 + i)n - 1] / iFV = PV * FVIFA(i,n) where, FV = Future Value of AnnuityPV =…

Q: What lump sum of money (P) must be deposited into a bank account at the present time so that…

A: Monthly withdraw (C) = $ 500 First monthly draw (Y) = begin at the end of month 72 Period of…

Q: Suppose payments were made at the end of each month into an ordinary annuity earning interest at the…

A: Future value of annuity = P * [ (1+r)^n - 1 ] /r Where, r= rate of interest i.e. 9%/12 = 0.75% or…

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: Annuity refers to series of annual payment which are paid or received at start or end of specific…

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: Monthly deposit = $250 Rate of interest = 4% /2 = 2% Time period = 30 years*2 = 60

Q: Find the future value of an annuity due with an annual payment of $13,000 for three years at 5%…

A: Annuity means periodic payments and when periodic payments are at beginning of the period, the…

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: For calculating the future value of annuity, following formula shall be used: = Amount of deposit *…

Q: Find the periodic withdrawals PMT for the given annuity account. (Assume end-of-period withdrawals…

A: 1) Solved using Financial Calculator PV = +/- 200,000 FV = 10,000 I/Y = 4/12 = 0.33 N = 16*12 = 192…

Q: Find the future value of an ordinary annuity of $80 paid at the end of each quarter for 5 years, if…

A: A concept that implies the future worth of the money is lower than its current value due to several…

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: P= Periodic Investment P =$250 R =22 = 1% R = Interest per each year n =Number of Periods n =…

Q: Recently, More Money 4U offered an annuity that pays 5.4 % compounded monthly. If $1,634 is…

A: Computation of future value and interest earned:

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: Future value of annuity is the total amount of periodic series of deposits at a specified time in…

Q: Find the present value of an annuity due that pays $3000 at the beginning of each quarter for the…

A: Here compounding is given quarterly. So, there will be four quarters in a year. Divide rate by 4 to…

Q: Suppose that $500 is deposited at the end of every quarter for 6 years in an account that pays 8%…

A: To calculate the value of the annuity, we can either use excel or fv calculator where R= RATE OF…

Q: Find the future value of an ordinary annuity of $2,000 paid quarterly for 2 years, if the interest…

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: a. Use the appropriate formula to find the value of the annuity. b. Find the interest. Time 20 years…

A: Deposit = 1000 End of each year Time Period = 20 years Interest Rate = 3%

Q: Find the present value of an annuity due that pays $2000 at the beginning of each quarter for the…

A: The quarterly amount is $2,000. The annual interest rate is 6.6%, compounded quarterly, So, interest…

Q: Find the value of the annuity at the end of the indicated number of years. Assume that the interest…

A: Future value of the annuity The worth of a set of normal payments at a future date, presumptuous at…

Q: Use the appropriate formula to find how much you should deposit now at 7% interest, compounded…

A: A study that proves that the future worth of the money is lower than its current value due to…

Q: Find the present value of an annuity with payments of $2,000 at the end of every six months for 8…

A: The given problem can be solved using PV function in excel. PV function computes present worth for…

Question

Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.)
Amount of Deposit
Frequency
Rate
Time
m
n
annually
1%
30 уг
$800
Need Help?
Read It
%24

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Given data

VIEW

Answer & Calculation

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded vwith the same frequency as the deposits. (Round your answer to the nearest cent.) Amount of Deposit Frequency Rate Time $100 monthly 6 yr Need Help? Read it Master Talk toa Tutor Watch t
Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) $ Need Help? Submit Answer Amount of Deposit m $100 Read It Frequency n Watch It monthly Rate r 6% Time t 7 yr
Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) 2$ Amount of Deposit Frequency Rate Time t $250 semiannually 2% 20 yr Need Help? Read It
Find the value of the annuity at the end of the indicated number of years, Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) Amount of Deposit Frequency Rate Time in $100 monthly 5% 8 yr Need Help? Read It Watch It Master It
Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) $ Need Help? Submit Answer Amount of Deposit m $250 Read It Frequency n semiannually Rate Time r t 3% 20 yr
Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of Deposit Frequency Rate Time m $500 annually 6% 20 yr Need Help? Read It %24
Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) $ Need Help? Submit Answer Amount of Deposit m $1,250 Read It Frequency n quarterly Rate r 7% Time t 25 yr
Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of Deposit m Frequency n Rate r Time t $100 quarterly 8% 30 yr $
Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of Deposit Frequency Rate Time $400 quarterly 10% 25 yr Need Help? Read It Master It %24
Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.)$ Amount of Deposit m Frequency n Rate r Time t $100 monthly 3% 9 yr
Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $200 is deposited monthly for 10 years at 6% per year in an account containing $9,000 at the start FV = $ 49150 Need Help? Read It Watch It Submit Answer
Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $2,200 is deposited quarterly for 20 years at 3% per year FV = $ Need Help? Read It Watch It Submit Answer