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[answered] Calculate the future value of an annuity, with case A being


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Calculate the future value of an annuity, with case A being an ordinary annuity and case B being an annuity due.??

 

Cas

 

Interest Deposit

 

Future e

 

Annuity Rate (%) Period (Yrs) Value ($)

 

A

 

19,000 4

 

8

 

B

 

7,000 7

 

12

 

Interest Deposit

 

Future Case Annuity Rate (%) Period (Yrs) Value ($) ??

 

A

 

19,000 4

 

8

 

(Round to the nearest cent.) For each of the following cases, calculate the present value of the annuity, assuming the annuity cash flows occur at the end of each year.??

 

Interest Period Present Annuity Rate (%) (Yrs) Value ($)

 

36,000 12

 

4

 

24,000 4

 

20

 

Interest Present

 

Annuity Rate (%) Period (Yrs) Value ($) ??

 

36,000 12

 

4

 

(Round to the nearest cent.)

 

What is the future value of a 5?year ordinary annuity with annual payments of $200, evaluated at a 15% interest rate? A.$1,522.64????

 

B.$670.44???

 

C.$1,348.48 D.$1,169.56???

 

E.$842.91??? Tony plans to deposit $1,000 at the end of each of the next three years. If his funds earn 5% compounded annually, how much will he have at the end of three years? A.$3,500.00??? B.$3,152.50???

 

C.$3,150.00???

 

D.$4,310.10

 

E.$3,175.50? ?

 

Joe expects to start working immediately after graduation and he is already planning to retire. He wants to

 

retire in twenty?five years and hopes that he will be able to do so comfortably by investing $2,000 at the end of each year throughout this period. If he earns 5% compounded annually, how much will be in his retirement fund in twenty?five years? A.$102,226.00

 

B.$169,317.75

 

C.$54,000.00

 

D.$76,345.93 E.$95,454.20

 

You just won the Sweepstakes and have decided to take your winning in 15 equal payments of $35,000. You decide to save all of this money for your retirement and deposit it into an account that earns 11% per year. What is the amount of your retirement nest egg? (Round to the nearest whole dollar)

 

A.$557,810

 

B.$1,112,037

 

C.$1,032,161

 

D.$1,204,188

 

E.$852,225

 

Jacquie plans to deposit $3,500 into her savings account for each of the next 5 years, and then $2,000 per year for 5 years after that (all at year end). She anticipates interest rates to be 6% for the next 3 years

 

and then 9% thereafter. How much will she have in the account after the 10 years? A.$34,367.06

 

B.$35,164.86

 

C.$43,593.56

 

D.$42,954.28

 

E.$30,427.02

 

You are 30 years old and you want to retire at age 60 with $1.5 million. You are going to make equal annual deposits into your savings account at the end of each year in order to save up this money. Your savings account pays 8% interest. What amount must you deposit each year?

 

A.$13,274.34

 

B.$12,160.93

 

C.$14,227.80

 

D.$14,506.85

 

E.$13,241.15

 

Margaret plans to deposit $500 on the first day of each of the next five years, beginning today. If she earns 4% compounded annually, how much will she have at the end of five years? A.$1,560.80???

 

B.$2,708.16????

 

C.$2,041.63

 

D.$3,041.63???

 

E.$2,816.49??

 

?To pay for her college education, Gina is saving $2,000 at the beginning of each year for the next eight years in a bank account paying 12 percent interest. How much will Gina have in that account at the end of

 

8th year? (Round up to the nearest whole dollar amount) A.$16,000???

 

B.$24,600????

 

C.$27,552 D.$17,920??? ??

 


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