Prepare a time diagram for the present value of a four-year annuity due of $200. Assume an interest rate of 10% per year.
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Prepare a time diagram for the present value of a four-year annuity due of $200. Assume an interest rate of 10% per year.
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- Find the future value of an ordinary annuity of $700 paid at the end of each year for 6 years, if interest is earned at a rate of 5%, compounded annual. What is the future value?Calculate the present value of a 3-year ordinary annuity of $100 if the appropriate interest rate is 10%.Find the future value of an ordinary annuity of $80 paid at the end of each quarter for 5 years, if interest is earned at a rate of 3%, compounded quarterly. What is the future value?
- Find the future value of an annuity due with an annual payment of $9,000 for two years at 7.5% annual interest using the simple interest formula. Find the total amount invested. Find the interest. What is the future value of the annuity? (Round to the nearest cent as needed.)Please assume an annuity due of $100,000 a year for 10 years. Assuming a discount rate of 6%, please find the present value of that annuity dueCalculate the present value of a four-period annuity of $200 per year that begins twoyears from today if the discount rate is 9%?
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