Li Jun purchased an annuity that had an interest rate of 3.75% compounded semi- annually. It provided her with payments of $2,000 at the end of every month for 3 years. If the first withdrawal is to be made in 4 years and 1 month, how much did she pay for it? $0.00 Round to the nearest cent
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- blake purchased an annuity that had an interest rate of 2.50% compounded semi- annually. it provided her with payments of $2500 at the end of every month for 6 years. if the first withdrawal is to be made in 5 years and 1 month, how much did she pay for it?Jordan purchased an annuity that had an interest rate of 4.00% compounded semi-annually. It provided her with payments of $1,000 at the end of every month for 6 years. If the first withdrawal is to be made in 4 years and 1 month, how much did she pay for it? * Explain in full detail.Erica purchased an annuity that had an interest rate of 3.75% compounded semi- annually. It provided him with payments of $3,000 at the end of every month for 3 years. If the first withdrawal is to be made in 4 years and 1 month, how much did he pay for it? $0.00 Round to the nearest cent
- Joseph purchased an annuity that had an interest rate of 2.75% compounded semi-annually. It provided her with payments of $2,000 at the end of every month for 7 years. If the first withdrawal is to be made in 3 years and 1 month, how much did she pay for it?At the end of each of the past 14 years, Vanessa deposited $450 in an account that earned 8% compounded annually. How much is in the account today? How much would be in the account if the deposits were made at the beginning of each year (PMT Type) than at the end of each year? (Use Future Value of an AnnuityChristopher purchased an annuity that had an interest rate of 3.75% compounded semi-annually. It provided him with payments of $2,000 at the end of every month for 3 years. If the first withdrawal is to be made in 5 years and 1 month, how much did he pay for it? Round to the nearest cent
- Anna purchases a retirement annuity that will pay her $2,000 at the end of every six months for the first nine years and $200 at the end of every month for the next four years. The annuity earns interest at a rate of 3.6% compounded quarterly. a. What was the purchase price of the annuity? Round to the nearest cent b. How much interest did Anna receive from the annuity? Round to the nearest centSara deposits $500 per month into an annuity. The annuity earns 5%.interest.compounded monthly. If she does this for 30 years, how much is in the annuity? Round to nearest whole dollar. S Enter a number, Submit AnswerSarah purchases a retirement annuity that will pay her $2,500 at the end of every six months for the first nine years and $700 at the end of every month for the next five years. The annuity earns interest at a rate of 4.1% compounded quarterly. 4 a. What was the purchase price of the annuity? $0.00 Round to the nearest cent b. How much interest did Sarah receive from the annuity? Round to the nearest cent
- Michelle purchases a retirement annuity that will pay her $3,000 at the end of every six months for the first eleven years and $600 at the end of every month for the next five years. The annuity earns interest at a rate of 2.3% compounded quarterly. a. What was the purchase price of the annuity? Round to the nearest cent b. How much interest did Michelle receive from the annuity? Round to the nearest centLisa purchased an annuity that had an interest rate of 3.00% compounded semi-annually. It provided her with payments of $2,500 at the end of every month for 7 years. If the first withdrawal is to be made in 4 years and 1 month, how much did she pay for it? Please answer with explanation. I will really upvoteLaura purchases a retirement annuity that will pay her $2,500 at the end of every six months for the first eleven years and $800 at the end of every month for the next five years. The annuity earns interest at a rate of 5.7% compounded quarterly. a. What was the purchase price of the annuity? Round to the nearest cent b. How much interest did Laura receive from the annuity? Round to the nearest cent