Find the present value of an ordinary annuity with deposits of $8,989 every 6 months for 6 years at 9.6% compounded semiannually. What is the present value? $ (Round to the nearest cent.)
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityFind the present value of an ordinary annuity with deposits of $11,055 semiannually for 10 years at 9.2% compounded semiannually. What is the present value? $ (Round to the nearest cent.)Find the present value of an ordinary annuity with deposits of $14,531 every 6 months for 3 years at 6.8% compounded semiannually. What is the present value? (Round to the nearest cent as needed.)
- Find the future value of the given annuity (Round your answer to the nearest cent.) Ordinary annuity, $165 monthly payment, 8 and 1/8% interest, for eleven years.Find the present value of an ordinary annuity with payments of $18,579 quarterly for 7 years at 8.4% compounded quarterly. What is the present value? $ (Round to the nearest cent.)Find the present value of an ordinary annuity with deposits of $22,682 quarterly for 5 years at 5.6% compounded quarterly. What is the present value? (Round to the nearest cent.)
- The amount (future value) of an ordinary annuity is given. Find the periodic payment. (Round your final answer to two decimal places.) A = $18,500, and the annuity earns 6% annual interest compounded monthly for 10 years.Find the future value (FV) of the annuity due. (Round your answer to the nearest cent.)$185 monthly payment, 7% interest, 12 yearsFind the future value of the ordinary annuity. (Round your answer to the nearest cent.) $120 monthly payment, 5.25% interest, 1 year $
- Find the future value of the following ordinary annuity. Payments are made and interest is compounded as given. R = $500, 7% interest compounded quarterly for 8 years What is the future value of the ordinary annuity? $ (Round to the nearest dollar as needed.)Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $1000/semiannual period for 8 years at 3.5%/year compounded semiannually.Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $550 is deposited monthly for 13 years at 5% per year