Assume that Kathy is to make annual investments of P600,000 for three years. The interest for this investment was pegged at 12%. The investment is made at the beginning of each year. What is the future value of this annuity due?
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Question: Assume that Kathy is to make annual investments of P600,000 for three years. The interest for this investment was pegged at 12%. The investment is made at the beginning of each year. What is the future value of this annuity due?
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- Assume that you deposited RM5,000 at the end of each year for 3 consecutive years in an account that pays an interest of 10 percent annually. How much is the future value for that annuity?What is the value of a 30-year annuity that pays $2500 a year? The annuity’s first payment will be received on year 11. Also, assume that the annual interest rate is 4 percent for years 1 through 10 and 5 percent hereafter.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?
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- you want to establish an annuity that will pay $7,500 for the next twenty years (end year) your financial institution will establish such an annuity if you deposit $104,000 today. what is the implied rate that the institution is paying on this annuity?Suppose P1500 is deposited at the end of each year for the next 6 years in an account paying 8% interest compounded annually. Find the future value of this annuity.a) You deposit $200 monthly into an annuity with the goal of accumulating $180,000 after 30 years. What annual rate, compounded monthly, is required to accomplish this?