If you start making $60 monthly contributions today and continue them for five years, whatâs their future value if the compounding rate is 10.25 percent APR? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Future value annuity $
What is the present value of this annuity? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Present value annuity $
| If you start making $60 monthly contributions today and continue them for five years, whatâs their future value if the compounding rate is 10.25 percent APR? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
| Future value annuity | $ |
| What is the present value of this annuity? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) |
| Present value annuity | $ |
Related questions
| Suppose you are going to receive $12,800 per year for six years. The appropriate interest rate is 7.7 percent.
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B.
What is the present value if the payments are an annuity due? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
C. Suppose you plan to invest the payments for six years. What is the future value if the payments are an ordinary annuity? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
D.
| Suppose you plan to invest the payments for six years. What is the future value if the payments are an annuity due? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
| A 20-year annuity pays $1,950 per month, and payments are made at the end of each month. If the interest rate is 11 percent compounded monthly for the first ten years, and 7 percent compounded monthly thereafter, what is the present value of the annuity? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
| A five-year annuity of ten $5,900 semiannual payments willbegin 9 years from now, with the first payment coming 9.5 yearsfrom now. The discount rate is 8 percent compunded monthly. |
| a. | What is the value of this annuity five years from now?(Do not round intermediate calculations and round youranswer to 2 decimal places, e.g., 32.16.) |
| b. | What is the value three years from now?(Do not round intermediate calculationsand round your answer to 2 decimal places, e.g.,32.16.) |
| c. | What is the current value of the annuity? (Do not roundintermediate calculations and round your answer to 2 decimalplaces, e.g., 32.16.) |
