math

posted by .

Classify the finacial problem. Assume a 7% interest rate compounded annually. Find the value of a $ 1,000 certificate in 4 years. a) sinking fund, b) ordinary annuity, c) future value, d) present value e) amortization

  • math -

    I have seen this posted a few times and no one has answered it. I know it is not amortization because that deals with reducing an amount of money like a mortgage. It is not present value because we are looking for an amount of money in the future.

    It could be future value, but I am not sure because you aren't making monthly payments. It actually might be an ordinary annuity.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    find the present value of ordinary annuity payments of 890 each year for 16 years at 8% compounded annually What is the amount that must be paid (Present Value) for an annuity with a periodic payment of R dollars to be made at the …
  2. math,correction

    can someone correct these for me thanks.. Problem #4 Find the effective rate corresponding to the given nominal 18% compounded quarterly. My answer: 19.2% Problem #7 Find the future value of the ordinary annuity If R= $2500,I=5% interest …
  3. Annuities

    Can someone tell me if this is ordinary annuity of future or ordinary values sinking funds present value or what is it. The question is You are earning an average of 46500 and will retire in 10 years. If you put 20% of your gross average …
  4. finance

    Find the future value of the ordinary annuity with payout of $20,000 at 4.5% interest compounded annually for 12 years.
  5. Business Math 205

    Calculate the PRESENT VALUE of the following ORDINARY ANNUITIES. Round to the nearest cent when necessary. Annuity Payment:($3,000) Payment Frequency: (Every Year) Time Period YRS:(15)Nominal Rate%:(10)Interest Compounded:(Annually)Present …
  6. math

    Classify the finacial problem. Assume a 7% interest rate compounded annually. Find the value of a $ 1,000 certificate in 4 years. a) sinking fund, b) ordinary annuity, c) future value, d) present value e) amortization.
  7. Math

    The amount to be financed on a new car is $9,500. The terms are 11% for 4 years. What is the monthly payment?
  8. ALegbra

    If an apartment complex will need painting in 3 1/2 years and the job will cost $25,000, what amount needs to be deposited into an account now in order to have the necessary funds?
  9. Fins nance business

    1. Find the future value of current $1,000 5 year from now when annual interest rate 8% is compounded annually 2. Find the present value of a future value (1,000) four years from now when annual interest rate 8% is compounded quarterly. …
  10. MATH

    Use the following time value of money tables to answer the following questions. Assume that the annual rate of interest is 6% for each of the four following problems. i = 6% Time Periods (n) Future Value of 1 Present Value of 1 Future …

More Similar Questions