math
posted by Anonymous .
If money can earn 5.25% compounded monthly, what is the value of an annuity consisting of annual payments of $2500 continuing for 16 years? The first payment will be received today.
Respond to this Question
Similar Questions

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 … 
Finance Help! 3 questions
Hi, i was wondering if someone could please help me with these 3 finance questions. it would be must appreciated 1. you receive payments of 1000 dollars every 8 montsh for the next 9 years. the first payment will occur 8 months from … 
finance
Can someone please help me with the following question. I am not sure even where to start. A 5year annuity of 10 $9,000 seminannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. If the discount … 
finance
A 5year annuity of ten $4500 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. If the discount rate is 12% compounded monthly, what is the value of this annuity five years from now? 
Finance
An annuity is developed and used based on the concept of time value of money. Please solve for the principle required when one retires so that a payment of $1500.00 is received each month for 30 years (360 months). Assume that the … 
college math
Calculate the future value of an ordinary annuity consisting of annual payments of $1,000 for 4 years if the payments earn 10.70% compounded annually for the first 2 years and 9% compounded annually for the last 2 years. For full marks … 
Math
Marvin was supposed to make three payments of $2000 eachâ€”the first one year ago, the second one year from now, and the third three years from now. He missed the first payment and proposes to pay $3000 today and a second amount in … 
math
James has set up an ordinary annuity to save for his retirement in 18 years. If his monthly payments are $225 and the annuity has an annual interest rate of 8% compounded monthly, what will be the value of the annuity when he retires? 
Finite math
Consider the following annuity scheme: regular payments of $200 are made every two months at the end of the month (in other words, there are six equally spaced payments over the year) into an account with a nominal rate of 6% compounded … 
Math
A company establishes a sinking fund in order to have 100,000 for upgrading office equipments in 4 years. If the company makes fixed monthly payments into an account paying 6.6% compounded monthly, how much should each payment be?