Find the future value of an annuity due with an annual payment of $13,000 for three years at 5% annual interest using the simple interest formula. How much was invested? How much interest was earned? What is the future value of the annuity?

Q: Find the future value of an annuity due with payments of $340 each year for 6 years at 3%,…

A: Annuity Payments = 340 Time Period = 6 years Interest Rate = 3% Annuity Due i.e. beginning of period…

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 future value of an annuity of $1300 paid at the end of each year for 10 years, if interest…

A: Annuities refer to a series of payments made at regular interval of time.

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

A:

Q: Use the ordinary annuity formula to determine the accumulated amount in the annuity.   ​$500…

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

Q: What is the present value of an annuity that pays $58 per year for 13 years and an additional $1,000…

A: We can make use of the financial calculator to obtain the present value, PV. Inputs: I/Y = rate =…

Q: Find the future value of a 6-year annuity due with payments of $4,300 and an annually compounded…

A: An annuity is a contract that pays a periodic sum for a predetermined period for a lump-sum amount…

Q: Find the future value of an annuity due with an annual payment of $14,000 for three years at 5%…

A: Since rate is 5% simple interest we will not be using the compounding functions.

Q: Find the future value of an annuity due with monthly payments of $100 that earns 4 1/4% interest…

A: Given that: Monthly payment = $100 Interest rate = 4.25% Time period = 2 years

Q: What is the present value of a $1,380 annuity due making payments for the next 5 years at an…

A: Present Value of annuity is that value which was invested by investor today after that investor will…

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: Find the future value of a 15-year annuity due with payments of $2,700 and an annual compound…

A: To Find: Future Value

Q: If you borrow $8,000 with a 5 percent interest rate to be repaid in five equal payments at the end…

A: Computation:

Q: Calculate the future value of the following annuities, assuming each annuity payment is made at the…

A:

Q: If you want to be paid from a 14 year ordinary annuity with a guaranteed rate of 2.208% compounded…

A: In finance, the term annuity represents a sequence of cash flows that contain a fixed payment at…

Q: Solve by using formulas. (Round your answer to the nearest ce Present value (in $) of an annuity due…

A: Solution- Period Principle amount PV @ 5.7% Present value 1 1200 .94607 1135.284 2 1200…

Q: What’s the interest rate of a 5-year, annual $4,800 annuity with present value of $20,000?

A: Given; Present value of annual payments : $20,000 Time period (r): 5 years Annuity: $4,800

Q: Calculate the present value of an annuity with monthly deposits of $2,000 at 5% for 20 years.…

A: Monthly deposits (M) = $2000 Interest rate (r) = 5% per annum = 0.4167% per month n = 20 years = 240…

Q: Find the future value of an annuity of ₱ 10,000.00 payable annually for 3 years if money is worth…

A: Future value  Future value  is the worth of any asset or any sum of money at a future date when such…

Q: What is the future value of a 7%, 5-year annuity that pays $300 at the beginning of each year?

A: Given: Rate: 7% Annuity =300      Number of years = 5

Q: What is the present value of a 15 year annuity with the first payment of $65,000 (all payments are…

A: present value of a 15 year annuity with the first payment of $65,000 (all payments are the same…

Q: Calculate the present value AND the future value of an annuity with a monthly cash flow of $100,…

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

Q: Calculate the future value of an ordinary annuity that pays $2,350 at 6% for 6 years. Also determine…

A: Annuity is the series of periodic payments. If the annuity payment is made at the end of the periods…

Q: Find the future value of an ordinary annuity with a $260 monthly payment at 8 1/4% interest for 15…

A: Interest rate = 8 1/4% Interest rate = 8%+0.25% = 8.25% ------------------------------ Monthly…

Q: Find the future value of the following annuity due. Then determine how much of this value is from…

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

Q: Suppose an annuity will pay $14,000 at the beginning of each year for the next 5 years. How much…

A: Annual payment (P) = $14,000 Interest rate (r) = 6.5% Period (n) = 5 Years

Q: Compare the two given annuity situations below. What conclusion can you draw from the information,…

A: The future value can be resulted on two bases: Regular annuity series payment or lump sum payment.…

Q: Find the future value of annuity due with a $150 monthly payment at 6 1⁄4 % interest after thirteen…

A: An annuity is a stream of cash flows that are regularly paid to an individual at regular intervals…

Q: Use PVOA Table to find the present value of an ordinary annuity with an annual payout of P5,000 for…

A: Following is the answer to the question

Q: Find the future value of an annuity when the payment is P13,750 quarterly, the interest is 6.5%…

A: Compounding is the process of crediting interest to both an existing principal amount and previously…

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: find the present value and the amount of an annuity of $25 payable monthly for 10 years if money…

A: Present value is defined as the current value of the sum of the funds (future) or the cash flows…

Q: Find the future value of an ordinary annuity of $5,000 semiannually for seven years at 6% annual…

A: The question gives the following information:

Q: Determine the annual payment required to fund a future annual annuity of $12,000 per year. You will…

A: Present value =cash flow×1-(1+r)-nr r = rate n = number of periods

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: Find the present value and the amount of an annuity of $25 payable monthly for 10 years if money is…

A: Present Value: The worth of the stream of cash flows today which would be paid in the future using…

Q: A perpetuity will pay $800 per​ year, starting five years after the perpetuity is purchased. What…

A: Perpetuity refers to equalized stream of payments that are either paid or received for indefinite…

Q: Find the future value for the annuity due with the given rate. payments of $400 for 9 years at0.32%…

A: Future value of Annuity due is the cash flows occur at the beginning of the period,and future value…

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

A:

Q: Suppose an annuity will pay $11,000 at the beginning of each year for the next 7 years. How much…

A: Annuity refers to the periodic payment which can be made monthly, quarterly, semi-annually or…

Q: Find the future value of an annuity of $1500 paid at the end of each year for 15 years, if interest…

A: Future value of annuity = P * [ (1+r)^n  - 1 ] /r  Where, P = Annuity amount i.e. 1500 r = rate of…

Q: Find the future value of an annuity due with payments of $340 each year for 4 years at 7%,…

A: Annuity  Annuity Due is were equal periodic payment or receipts is made at same interval at…

Q: What's the future value of a 7 percent,  5-year ordinary annuity that pays $300 each year?

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

Q: What is the present value of a 15 year annuity with the first payment of $45,000 (all payments are…

A: The present value of an ordinary annuity(payment due at end) can be calculated by using this…

Q: 1. Find the annual payments for an ordinary annuity and an annuity due for 12 years with a PV of…

A: Information Provided: Present value of annuity = $1000 Interest rate = 10% Years = 12   NOTE: As…

Q: Find the future value of an ordinary annuity with a $260 monthly payment at 8 1/4% interest for 10…

A: There are various payment methods uses by an individual in terms of making payment to its investment…

Q: What is the present value of a 10-year annuity of $5,250 per period in which payments come at the…

A: The annuity wherein the payment is done at the start of every period is called an annuity due. The…

Types of Insurance Contract

Insurance is a contract wherein an individual or entity gets financial protection from the insurance company for any damages or losses incurred. The individual or entity is called the insured, whereas the insurance company is called the insurer. The insured and the insurer enter a legal contract for a fixed term called the insurance term, and the contract is called an insurance policy.