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Solved in 3 steps
- Use Table 12-2 to calculate the present value (in $) of the annuity due. (Round your answer to the nearest cent.) AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Present Valueof the Annuity $700 every month 2 1 4 6 monthlyUse Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Present Valueof the Annuity $8,000 every year 20 6 annually $Use Table 12-2 to calculate the present value (in $) of the annuity due. (Round your answer to the nearest cent.) Annuity Payment Payment Frequency Interest Compounded Time Nominal Present Value Period (years) Rate (%) of the Annuity $700 every month monthly $
- Use Table 12-1 to calculate the future value (in $) of the annuity due. (Round your answer to the nearest cent.) Annuity Payment Time Nominal Interest Future Value Payment Frequency Rate (%) Compounded Period (years) of the Annuity $40 every month monthly $ 2960.67Use Table 12-1 to calculate the future value (in $) of the annuity due. (Round your answer to the nearest cent.) AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Future Valueof the Annuity $500 every 6 months 11 10 semiannuallyUse Table 12-1 to calculate the future value (in $) of the annuity due. (Round your answer to the nearest cent.) Annuity Payment Payment Frequency Time Nominal Rate (%) Interest Future Value Period (years) Compounded of the Annuity $700 every 6 months 11 10 semiannually 24
- Use Table 12-2 to calculate the present value (in $) of the annuity due. (Round your answer to the nearest cent.) Nominal Annuity Payment Payment Frequency Time Interest Present Value Period (years) Rate (%) Compounded of the Annuity $300 every month monthly 4 %24Use Table 12-1 to calculate the future value (in $) of the annuity due. (Round your answer to the nearest cent.) Nominal Annuity Payment Time Future Value Payment Frequency Interest Period (years) Rate (%) Compounded of the Annuity $800 every 6 months 12 10 semiannually $ %24Use Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) Nominal Annuity Payment Frequency Payment Time Present Value of the Annuity Interest Period (years) Rate (%) Compounded $6,000 annually $| every year 20 4 %24
- calculate the present value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Present Valueof the Annuity $3,000 every year 20 5 annually $Estimating the annual interest rate with an ordinary annuity. Fill in the missing annual interest rates in the following tal for an ordinary annuity stream: Number of Annual Annuity Present Value Payments or Years Future Value Interest Rate % (Round to two decimal places.) $0.00 $580.00 $2,273.24 % (Round to two decimal places.) $16,708.36 $464.77 $0.00 16 $0.00 $1,941.91 $37,000.00 40 % (Round to two decimal places.) $1,305,012.58 $500.00 $0.00 100 % (Round to two decimal places.)Use Table 12-1 to calculate the future value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) AnnuityPayment PaymentFrequency TimePeriod (years) NominalRate (%) InterestCompounded Future Valueof the Annuity $7,500 every 6 months 5 6 semiannually $