Please help me find the value of the annuity for the following: a1= $8000, I=0.06, n=10 $8,000 invested for 10 years at 8% compounded annually$8,000 invested for 10 years at 0.06% n = 10 Thank you

91,644 results
  1. Math

    James has set up an ordinary annuity to save for his retirement in 17 years. If his quarterly payments are $650 and the annuity has an annual interest rate of 7%, what will be the value of the annuity when he retires? 650(1+.07/4)^17-1 =.3430281149

  2. Math

    A car dealership pays you for percent commission on your first $8000 on car sales and 8% commission on the sale amount over $8000 if you sold a $9000 car how much is your commission A( $720 B( $320 C( $400 D( $80

  3. Math

    James has set up an ordinary annuity to save for his retirement in 19 years. If his monthly payments are $250 and the annuity has an annual interest rate of 7.5%, what will be the value of the annuity when he retires? Would the answer be 171.11?

  4. maths

    Ty received a separation payment of $25 000 from his former employer when he was 35-years old. He invested that sum of money at 5.5% compounded semi-annually. When he was 65, he converted the balance into an ordinary annuity paying $6000 every 3 months

  5. College Algebra

    A rectangular garden is 20 ft longer than it is wide. Its area is 8000 ft{}^2. What are its dimensions? w(w+20) = 8000 w^2+20w = 8000 w^2+20w-8000 = 0 (w-80)(w+100) = 0 w-80 = 0 w=80 or w+100 = 0 w = -100 I think that x=80 makes more sense. However what

  6. Advanced Algebra

    Juan has an annuity that pays him $9400 at the beginning of each year. Assume the economy will grow at a rate of 3.4% annually. What is the value of the annuity if he received it now instead of over a period of 10 years?

  7. Math

    Alice Longtree has decided to invest $400 quarterly for 4 years in an ordinary annuity at 8 %. As her financial adviser, calculate for Alice the total cash value of the annuity at the end of year 4.

  8. Math

    Ginny Katz has decided to invest $700 quarterly for 10 years in an ordinary annuity at 8 percent. The total cash value of the annuity at end of year 10 is?

  9. math

    Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 3.5%/year compounded monthly. If the future value of the annuity after 12 years is $50,000, what was the size of each payment? (Round your answer

  10. Accounting Math

    Please how do i calculate this problem. Your girlfriend just won the Power Ball lottery. She has the choice of $10,000,000 today or a 30-year annuity of $500,000, with the first payment coming today. What rate of return is built into the annuity?

  11. finite math

    A $1.2 million state lottery pays $5,000 at the beginning of each month for 20 years. How much money must the state actually have in hand to set up the payments for this prize if money is worth 7.7%, compounded monthly? (a) Decide whether the problem

  12. Advanced Algebra

    Max has just won some money on a game show! He has the option to take a lump sum payment of $500,000 now or get paid an annuity of $4,900 at the beginning of each month for the next 10 years. Assuming the growth rate of the economy is 2.9% compounding

  13. algebra

    Suppose a retiree wants to buy an ordinary annuity that pays her $2,000 per month for 20 years. If the annuity earns interest at 3.5% interest compounded monthly, what is the present value of this annuity?

  14. math

    Suppose payments were made at the end of each quarter into an ordinary annuity earning interest at the rate of 9%/year compounded quarterly. If the future value of the annuity after 8 yr is $80,000, what was the size of each payment?

  15. business math

    If Naomi decides that she will invest $3,000 per year in a 6% annuity for the first ten years, $6,000 for the next ten years, and $9,000 for the next ten years, how much will she accumulate? Treat each ten year period as a separate annuity. After ten years

  16. Accounting

    On June 1, 2012, Pitts Company sold some equipment to Gannon Company. The two companies entered into an installment sales contract at a rate of 8%. The contract required 8 equal annual payments with the first payment due on June 1, 2012. What type of

  17. Math

    Andy has set up an ordinary annuity to save for his retirement in 16 years. If his semi-annual payments are $250 and the annuity has an annual interest rate of 7.5%, what will be the value of the annuity when he retires? How do I solve this equation? What

  18. math

    A used piece of rental equipment has 3½ years of useful life remaining. When rented, the equipment brings in $300 per month (paid at the beginning of the month). If the equipment is sold now and money is worth 5%, compounded monthly, what must the selling

  19. Math

    James has set up an ordinary annuity to save for his retirement in 19 years. If his monthly payments are $250 and the annuity has an annual interest rate of 7.5%, what will be the value of the annuity when he retires? I am studying for my math final and I

  20. Math

    Determine the future value of an annuity due into which quarterly deposits of $450 are made for nine years if the annuity pays 10% compounded quarterly.

  21. physics

    An explosion breaks an object into two pieces, one of which has 3.20 times the mass of the other. If 8000 J were released in the explosion, how much kinetic energy did each piece acquire? I started with using KE = (1/2)mv^2 and m1v1 = m2v2. Then

  22. math

    The owner of Campus Cafe plans to open a second location on a satellite campus in 5yrs. She buys an annuity that pays 10.5% interest compounded annually A. If the payment is $4000 a year, find the future value of the annuity in 5yrs. B. How much more

  23. FINANCE

    Life for Kids Company, a small producer of plastic swimming toys, wants to determine the most it should pay to purchase a particular ordinary annuity. The annuity consists of cash flows of $700 at the end of each year for 5 years. The firm requires the

  24. Finance

    The payment structure of a corporate bond is best thought of as: an annuity of interest payments. an annuity of principal and interest payments. an annuity of principal payments. an annuity of interest payments and a single principal payment at maturity

  25. math

    If an annuity was set up for semiannual payments at the beginning of each period in the amount of $1,478, what would be the value of this annuity after 9 ½ years with interest compounded daily at a rate of 3.75%

  26. Finance

    You have a chance to buy an annuity that pays $1100 at the end of each year for 3 yeas. You could earn 3% on your money in other investments with equal risk. What is the most you should pay for the annuity?

  27. Math

    Determine the future value of an annuity due into which quarterly deposits of $450 are made for nine years if the annuity pays 10% compounded quarterly.

  28. 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 end of each year for N

  29. Financial math

    Farah has $600,000 in her RRSP and wishes to retire. She is thinking of using the funds to purchase an annuity that earns 5% compounded annually and pays her $3,500 at the end of each month. If she buys the annuity, for how long will she receive payments

  30. Mathematics of INVESTMENT

    Q: Ms. Parker deposits $8000 in one simple interest account and $2000 in a second simple interest account. The interest rate on the $8000 account is 2% more than the rate on the $2000 account. If the total yearly amount of interest earned on the $8000

  31. Finance

    You are considering two equally risky annuities, each of which pays $5,000 per year for 10 years. Investment ORD is an ordinary (or deferred) annuity, while Investment DUE is an annuity due. Which of the following statements is CORRECT?

  32. Finance

    Write a 200- to 300-word description of the four time value of money concepts: present value, present value of an annuity, future value, and future value of annuity. Describe the characteristics of each concept and give an example of when each would be

  33. science

    . A parachutist jumps from a plane at 8000 ft altitude with a 24-ft diameter chute. Total weight of the jumper and the chute is 185 lbs. Determine the time to fall from 8000 ft to 5000 ft using the average fall velocity between the two elevations.

  34. Accounting

    On June 1, 2012, Pitts Company sold some equipment to Gannon Company. The two companies entered into an installment sales contract at a rate of 8%. The contract required 8 equal annual payments with the first payment due on June 1, 2012. What type of

  35. algebra 2

    Find the value of the annuity. a=8000 I=0.09 n=20

  36. algebra 2

    Find the value of the annuity. a1=8000 I=0.08 N=20

  37. 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 monthly. Note, this

  38. finance

    When planning the retirement payout, there are several options from which to choose. With ______________ option, the annuity provides payments over the life of both you and yor spouse. A. lump sum annuity B. single life annuity C. annuity for life D.

  39. college algebra

    A rectangular garden is 20 ft longer than it is wide. Its area is 8000 ft{}^2. What are its dimensions? Let "w" equal the width w+20=8000 w^2+20=8000 not sure how to continue

  40. math

    Please help me solve this question. Find the value of the annuity. a=1000 I=0.06,n=25? what is the future value of annuity? (round to the nearest cent.)

  41. Algebra

    Please help me find the value of the annuity for the following: a1= $8000, I=0.06, n=10 $8,000 invested for 10 years at 8% compounded annually$8,000 invested for 10 years at 0.06% n = 10 Thank you.

  42. Math HELP

    Find the present value of the annuity necessary to fund the withdrawal given. $300 per month for 20 years Annuity earns 7% per year thank you for your time.

  43. Finite Math

    The amount (future value) of an ordinary annuity is given. Find the periodic payments. A = $14,500, and the annuity earns 6% compounded monthly for 10 years.

  44. Finite Math

    The amount (future value) of an ordinary annuity is given. Find the periodic payments. A = $2500, and the annuity earns 6.5% compounded annually for 4 years.

  45. Math

    Find the present value of the annuity necessary to fund the withdrawal of $600 per month for 10 years, if the annuity earns 2% per year and if there is to be $10,000 to be left in the annuity at the end of the 10 years. (Assume end-of-period withdrawal and

  46. Math

    Find the present value of the annuity necessary to fund the withdrawal of $600 per month for 10 years, if the annuity earns 2% per year and if there is to be $10,000 to be left in the annuity at the end of the 10 years. (Assume end-of-period withdrawal and

  47. 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?

  48. Math

    $100 is deposited at the beginning of every week for five years in an account that pays 14%/a, compounded weekly. a. What type of annuity is this? b. Find the future value of the annuity using the formula.

  49. math

    $100 is deposited at the beginning of every week for five years in an account that pays 14%/a, compounded weekly. a. What type of annuity is this? b. Find the future value of the annuity using the formula.

  50. Algebra II

    Find the value of the annuity? a^1=2,000,I=0.06, n=5 What is the future value of the annuity?

  51. finite math

    A young couple saves for a down payment on a house by depositing $100 each month into an annuity that pays a 4.8% annual rate. Find the amount in the annuity at the end of 2 years.

  52. finance

    A 5-year 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? What is the value three

  53. finance

    Can someone please help me with the following question. I am not sure even where to start. A 5-year 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 rate is 11 percent

  54. CONSUMER MATH

    The owner of Campus Cafe plans to open a second location on a satellite campus in 5yrs. She buys an annuity that pays 10.5% interest compounded annually A. If the payment is $4000 a year, find the future value of the annuity in 5yrs. B. How much more

  55. Math

    Amy Powell invested $8500 twice a year in an ordinary annuity at New York Securities for a period of 5 years at an annual interest rate of 10% compounded semiannually. Using the ordinary annuity table , calculate the total value of the annuity at the end

  56. Finance

    You and your spouse both have good retirement plans through work,and both receive social security checks based on your own incomes. If your goal is to maximize the size of your annuity check every month, which option should you choose? A. single life

  57. Personal Finance

    You and your spouse both have good retirement plans through work, and both receive social security checks based on your own incomes. If your goal is to maximize the size of your annuity check everymonth which option should you choose? A. Single Life

  58. Maths

    Helen has just retired with $500 000 in her account and wishes to start an annuity. She intends to withdraw $M at the end of each year for 30 years. Reducible interest is calculated at 6% p.a., compounded annually just before each withdrawal. a) Calculate

  59. maTH

    The owner of Campus Cafe plans to open a second location on a satellite campus in 5yrs. She buys an annuity that pays 10.5% interest compounded annually A. If the payment is $4000 a year, find the future value of the annuity in 5yrs. B. How much more

  60. math

    A used piece of rental equipment has 3½ years of useful life remaining. When rented, the equipment brings in $300 per month (paid at the beginning of the month). If the equipment is sold now and money is worth 5%, compounded monthly, what must the selling

  61. 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 income in an

  62. math

    An employee saves for her retirement by depositing $1000 a quarter. She deposits her money in an annuity which pays a return of 2% a year compounded quarterly. What will the value of the annuity be after ten years? n = 4*10 = 40 interest per period

  63. math not sure which formula to use

    Let’s suppose that we wish for an annuity to be set up so that we can take out $6000 every quarter for 15 years and this annuity will get 6% interest compounded quarterly...how much must we invest today for this to happen?

  64. algebra

    Guaranty income life offered an annuity that pays 6.65% compunded monthly. if deposited into this annuity every month, how much is in the account after 10 years? how much of this is interest?

  65. Math

    Suppose an annuity will pay $18,000 at the beginning of each year for the next 8 years. How much money is needed to start this annuity if it earns 6.9%, compounded annually?

  66. business math

    What is the future value of an annuity that has the following characteristics: (a) you pay $1,000.00 per year into the annuity, (b) you make this payment for 10 years, and (c) you are able to obtain a 5% rate of return on your investment.

  67. maths

    On 1 Jan 2007, Peter celebrates his 30 year old birthday. As a birth commitment, Peter joins a 15 year-contribution Annuity Plan. The annual contribution will be fixed at $28,800 for 15 years. The first annual premium is payable on 31 Dec 2007. Peter

  68. math 106

    An employee saves for her retirement by depositing $1000 a quarter. She deposits her money in an annuity which pays a return of 2% a year compounded quarterly. What will the value of the annuity be after ten years ?

  69. Math

    Jim Gray invested $8,500 four times a year in an annuity due at All-Star Investments for a period of 3 years at an interest rate of 12% compounded quarterly. Using the ordinary annuity table , calculate the total value of the annuity due at the end of the

  70. math

    Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 6%/year compounded monthly. If the future value of the annuity after 10 yr is $55,000, what was the size of each payment?

  71. math

    An employee saves for her retirement by depositing $1000 a quarter. She deposits her money in an annuity which pays a return of 2% a year compounded quarterly. What will the value of the annuity be after ten years? This is my answer is this correct?

  72. Math

    Determine the future value of an annuity due into which quarterly deposits of $450 are made for nine years if the annuity pays 10% compounded quarterly.

  73. Math

    Determine the future value of an annuity due into which quarterly deposits of $450 are made for nine years if the annuity pays 10% compounded quarterly.

  74. personal finance

    would you purchase a $100,000 20 year annuity today for $15,000 given a required rate of return of 14.5%? Why, what is the value of the annuity?

  75. math

    Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 8%/year compounded monthly. If the future value of the annuity after 14 yr is $70,000, what was the size of each payment? (Round your answer to the

  76. Algebra

    The width of a rectangle is 2 less than twice its length. If the area of the rectangle is 82 cm^2, what is the length of the diagonal? Note: Your answer must be a number. It may not contain any arithmetic operations. w(w+20) = 8000 w^2+20w = 8000

  77. business math 205

    Calculate the future of the following Ordinary Annuities. Round to the Nearest cent when necessary. Annunity Payment ($3,000) Payment Frequency Every (6) Months Time Period (years) 10 Interest Compounded (Semiannually) Future Value Of The Annuity is What?

  78. General Mathemtics

    Our topic is about Annuity.An investment firm offers a 10-year,simply annuity with a guaranted rate of 6.85% compounded annually.How much should you pay so as to receive payments of 25,0000 pesos annually over the 10 period? PLEASE show your solution.

  79. Theory of interest

    An annuity last for 12 calendar years.At the end of each quarter,there is a payment.First quarter payments are $200,second quarter payments are $300,third quarter payments are$150 and fourth quarter payments are $400.Find the accumulated value of this

  80. 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 Value of an Annuity

  81. algebra

    An annuity pays 7300 dollars on January 1 of each year, starting on January 1, 2000. If 16 payments are made and the effective rate of interest is 8.5 percent, what is the present value of the annuity on January 1, 1999?

  82. Theory of interest

    An annuity last for 12 calendar years.At the end of each quarter,there is a payment.First quarter payment are $200,second quarter payments are $300,third quarter payments are $150 and fourth quarter payments are $400.Find the accumulated value of this

  83. College Algebra

    The width of a rectangle is 2 less than twice its length. If the area of the rectangle is 82 cm^2, what is the length of the diagonal? Note: Your answer must be a number. It may not contain any arithmetic operations. w(w+20) = 8000 w^2+20w = 8000

  84. macroeconomics

    i have a college macroeconomics question due tommorow can u help?? economy decribed as follows: C=14,000+.5(y-t)-40,000r I=8000-20,000r G=7000 NX=-1800 T=8000 Y=40000 1)find a numeric equation relating planned aggregate expenditure to output and the real

  85. Business Math

    Determine the future value of an annuity due into which quarterly deposits of $450 are made for nine years if the annuity pays 10% compounded quarterly. a. $26,430.20 b. $29,073.31, c. $26,430.25 or d. $27,751.79

  86. Finance

    200- to 300-word description of the four time value of money concepts: present value, present value of an annuity, future value, and future value of annuity. Describe the characteristics of each concept and provide an example of when each would be used.

  87. Finance

    • Write a 200- to 300-word description of the four time value of money concepts: present value, present value of an annuity, future value, and future value of annuity. Describe the characteristics of each concept and provide an example of when each would

  88. financial 200

    Write a 200-300 word description of the four time value of money concepts: present value, present value of an annuity, future value, and future value of annuity. Descrive the characteristics of each concept and provide an example of when each of when each

  89. calculus

    It is estimated that x years from now, the value V(x) of an acre of farmland will be increasing at the rate of: V'(x)= 0.4x^3/sqrroot(0.2x^4+8000 dollars per year. The land is currently worth $500 per acre. A. Find V(x) b. How much will the land be worth

  90. Algebra

    Two cities, X and Y, are 800 km from each other. A flight from X to Y in the headwind takes 2.5 hours. The return trip only takes 2 hours. Calculate the aircraft's speed through the surrounding air and the wind speed. I assume that 2.5 * (x-y) = 800 and 2

  91. 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 Value Of The

  92. business math

    Your brother just won the Power Ball lottery. He has the choice of $10,000,000 today or 30-year annuity of $500,000, with the first payment coming today. What rate of return is built into the annuity?

  93. Math

    In the future value annuity table at any interest rate for one year, why is the future value interest factor of this annuity equal to 1.00?

  94. To:: bobpursley

    sorry but i just had one question to my previous question. Since the answer to my previous question is that her sales are 8000, is it 8000 dollars? like $8000 were her sales?? Thanks :):)

  95. Annuities

    You are earning an average of 46500 and will retire in 10 years. If you put 20% of your gross average income in an ordinary annuity compounded at 7% annually, what will be the value of the annuity when y ou retire? I am not sure how to figure this out and

  96. math

    How did they get to this answer can someone explain the steps. Directions: Find the future value of each ordinary annuity, if payments are made and interest is compounded as given. R = 15,000; 12.1% interest compounded quarterly for 6 yrs. answer:

  97. 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 compounded

  98. Finance

    Need help finding a formula for: Question: Suppose a bank offers you the following deal: You pay to the bank an annuity amount of $A per year over the next 10 years and the bank will in turn pay you $40,000 per year starting at the end of year 11 and

  99. annuities

    8. Mary would like to save $10 000 at the end of 5 years for a future down payment on a car. How much should she deposit at the end of each week in a savings account that pays 12%/a, compounded monthly, to meet her goal? a. What type of annuity is this? c.

  100. math 209

    find the value of annuity for a 1=$3000, I=0.09, n= 25

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