Question 8.04 A 10 -year annuity-immediate makes monthly payments at a rate of $60 per year in the first year, $120 per year in the second year, $180 per year in the third year, and so on. The nominal annual interest rate is 6% compounded monthly. Calculate the accumulated value of the annuity at the end of 10 years. A 2,256 B 2,267 C 3,884 D 3,993 E 4,105 Please solve by hand. The answer should be 4,105.

list 12 K Find the present value of the following ordinary annuity. Periodic Payment Payment Interval Term Interest Rate Conversion Period $156.00 1 month 5 years 5% semi-annually 3 4 The present value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) 5 6

Question 6.12 The present values of the following three annuities are equal: (i) A perpetuity-immediate paying 1 each year, calculated at an annual effective rate of 8% (ii) (iii) A 40-year annuity-immediate paying 1 each year, calculated at an annual effective rate of i%. An n -year annuity-immediate paying 1 each year, calculated at an annual effective rate of (i-1)% Calculate n. A 27 B 30 C 32 D 39 E 40

Question 1 Find the value of an annuity with regular payments of $100 made at the end of each month for 5 years. The annual interest rate is 24%, compounded monthly. ument

Question 8.28 The present value of a 5-year annuity is X. The annuity pays 600 at the end of the first month, 590 at the end of the second month, and for each month thereafter the payment decreases by 10. The annual nominal interest rate is 3% compounded monthly. Calculate X. A 16,402.37 B 16,834.05 C 16,845.29 D 17,390.57 E 17,402.37

Question 7 of 10 > Every year you deposit $3,400 into an account that earns 2% interest per year. What will be the balance of your account immediately after the 20th deposit? Click the icon to view the interest and annuity table for discrete compounding when i = 2% per year. Choose the correct answer below O A. $79,464 O B. $68,000 OC. $82,611 OD. $51,438 O E $84,263

PART 1 ORDINARY ANNUITY PROBLEMS A. Find the amount and present value of an annuity of 540 payable every end of the month at 7% compounded monthly for 4 years and 5 months. B. A TV set is offered for sale for 3,800 down payment and 950 every month for the balance of 2 years. If the interest is to be computed 6% compounded monthly, what is the cash price equivalent of the TV set? C. Find the cash value of a washing machine that can be bought for 1,500 down payment and 950 a month for 18 months, if money is worth 6% compounded monthly.

Question 9 Calculate the nominal rate for each of the following general ordinary annuities given the present or future value of the annuity Note. Please make sure your final answer(s) are in percantage form and are accurate to 2 decimal places. For example 34 56% Periodic payments Payment interval Interest Compounding Present or Future frequency Term Rate value Every quarter year 12 years, 6 months 0.00% Every quarter year 12 years, 3 months 0.00% Semi-annually FV = $70,943.40 $800.00 Semi-annually PV = $30,946.62 $900.00 SAVE AND CLOSE