# Use a calculator to evaluate an ordinary annuity formula A = m 1 + r n nt − 1 r n for m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent.) \$150; 5%; 40

16,546 questions
1. ## finance charges

Use a calculator to evaluate an ordinary annuity formula for m, r, and t (respectively). Assume monthly payments. \$150; 8%; 35 yr

asked by Anonymous on November 23, 2013
2. ## algebra

Use a calculator to evaluate an ordinary annuity formula A = m 1 + r n nt − 1 r n for m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent.) \$150; 5%; 40 yr A = \$

asked by Anonymous on May 21, 2014
3. ## algebra

Use a calculator to evaluate an ordinary annuity formula A = m 1 + r n nt − 1 r n for m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent.) \$150; 5%; 40 yr

asked by strayer on May 24, 2014
4. ## algebra

Use a calculator to evaluate an ordinary annuity formula A = m [ 1+ r over n ^nt -1] than rn is under--____________________ r over n for m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent.) \$150; 6%; 40 yr A = \$

asked by gary on May 12, 2014
5. ## 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

asked by Scott Ingraham on April 12, 2008
6. ## math

Use a calculator to evaluate an ordinary annuity formula for m, r, and t (respectively). Assume monthly payments. (Round your answer to the nearest cent.) \$150; 8%; 35 yr Answer = \$12.87 but I am wrong can u please help?

asked by Anonymous on November 21, 2013
7. ## 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

asked by help plzzz on May 1, 2011
8. ## 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

asked by Melissa on February 27, 2013
9. ## 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

asked by Johnny on November 10, 2016
10. ## 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

asked by Kelly on April 18, 2017
11. ## 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?

asked by Anonymous on April 22, 2017
12. ## finite math

using the formula for present value of ordinary annuity or the amortization formula to solve this problem. PV=13000 I= .015 PMT=550 n?

asked by carol on June 23, 2014
13. ## 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

asked by wrangled mind on this one :( on May 1, 2011
14. ## 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

asked by math help plz on April 30, 2011
15. ## 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?

asked by beech on October 11, 2011
16. ## 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?

asked by Jennifer on June 24, 2014
17. ## Math finance

I just brought a finanical calculator and i don't really know how to use it yet. The textbook said to calculate the price of the bond: Price=Coupon x Annuity factor (r, T)+ Par Value x PV factor (r, T) I was just wondering how to punch in the annuity

asked by Yvonne on December 8, 2008
18. ## algebra

evaluate an ordinary annuity for A=M [1 + r over n]^nt -1 ____________ rn For m,r,t \$150;80%;40 year Assume monthly payments round to the nearest cents. Thank you for your help.

asked by Mary Ann on May 13, 2014
19. ## math,help

what formula do i use for the following problem: which of the following investments is larger after 19years? a) \$7500 is deposited annually and earns 4.5% interest compounded annually. b)\$600 is deposited monthly and earns 4.5% interest compounded monthly.

asked by student on June 30, 2007
20. ## 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

asked by Sally on March 6, 2017
21. ## finance

You just won the Publisher's Clearing House Sweepstakes and the right to 20 after-tax ordinary annuity cash flows of \$163,291.18. Assuming a discount rate of 7.50%, what is the present value of your lottery winnings? Use a calculator to determine your

asked by gillianp on April 11, 2014
22. ## 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.

asked by Matt on February 18, 2013
23. ## 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.

asked by Matt on February 18, 2013
24. ## 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?

asked by Aaron on March 19, 2013
25. ## 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?

asked by aby on December 14, 2014
26. ## 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?

asked by Nicole E on February 7, 2011
27. ## 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

asked by Jed on October 17, 2012
28. ## 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

asked by Jed on October 17, 2012
29. ## 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

asked by Kristen on May 9, 2012
30. ## 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.

asked by Anonymous on November 11, 2011
31. ## 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

asked by Sally on March 6, 2017
32. ## 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

asked by JUNE on March 23, 2010
33. ## 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

asked by phalyn on November 20, 2015
34. ## 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

asked by Joshua on December 3, 2011
35. ## 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?

asked by meakie on April 20, 2010
36. ## 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

asked by mm on November 22, 2018

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

asked by James on June 25, 2011

Part I: As a financial planner a client comes to you for investment advice. After meeting with him and understanding his needs, you offer him the following two investment options: Option 1 (refer to section on Mathematics of Finance in your text.): Invest

asked by Tracey on December 21, 2010
39. ## 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

asked by Scott Ingraham on April 12, 2008

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?

asked by James on June 25, 2011
41. ## Finance

Determine the amount of each payment to be made to a sinking fund in order that enough money will be available to pay off the following loan. \$29,000 loan, money earns 12% compounded annually, 42 months. I tired doing this using the future value of an

asked by Ben on February 18, 2010
42. ## Calculus

A \$99,000 mortgage for 30 years at 9% APR requires monthly payments of \$796.58. Suppose you decided to make monthly payments of \$1,100. When would the mortgage be completely paid? I am using a present value of annuity eguation but don't know how to solve

asked by Abbey on December 18, 2006
43. ## 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

asked by student on June 29, 2007
44. ## Math Help

Melanie would like to have \$25,706.30 in an ordinary annuity in 5 years. The annuity has a 10.8% annual interest rate, and she plans on making quarterly deposits. How much should she deposit per quarter? Would this be the way I solve the question?

asked by John on March 6, 2017
45. ## math

An ordinary annuity with 2,000 regular at 3% compounded annually for one year

asked by jessa on October 20, 2017
46. ## 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.

asked by Anthony on November 11, 2013
47. ## math

The terms of a single parent's will indicate that a child will receive an ordinary annuity of \$20,000 per year from age 18 to age 24 (so the child can attend college) and that the balance of the estate goes to a niece. If the parent dies on the child's

asked by stuck on this one ? on April 30, 2011
48. ## math

can I any one help me to find a formula to calculate 401K plans for my project? Thanks Compound Interest With compound interest, the interest due and paid at the end of the interest compounding period is added to the initial starting principal to form a

asked by jenny on April 30, 2007
49. ## Math

Compare the results of the present value of a \$6,000 ordinary annuity at 10 percent interest for ten years with the present value of a \$6,000 annuity due at 10 percent interest for eleven years. Explain the difference.

asked by April on August 3, 2013
50. ## math

What is the future value of an ordinary annuity of \$12,000 per year, for three years, at 9% interest compounded annually?

asked by alisha on September 23, 2010
51. ## finite math

What is the present value of an ordinary annuity which has payments of \$1100 per year for 19 years at 5% compounded annually.

asked by Debra on April 2, 2013
52. ## math

what is the future value of an ordinary annuity of \$12,000 per year,for three years at9% interest compounded annually?

asked by Anonymous on November 8, 2007
53. ## maths

What is the future value of an ordinary annuity of \$12000 per year, for three years, at 9% percent interest compounded annually?

asked by Anonymous on November 22, 2012
54. ## finance

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

asked by wendy on March 22, 2011
55. ## finance management

what is the future value of a 5 yr. ordinary annuity due that promises to pay \$300.00 each year? The rate of interest being 7%

asked by cj on January 10, 2008
56. ## MATH

Find the monthly payments for an ordinary annuity that will yield a future value of \$122000 at % interest for 22 years. payment

asked by LEILA on September 22, 2010
57. ## 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

asked by john on September 24, 2006
58. ## finance

find the amount for each ordinary annuity if there are payments of \$700.00 at the end of each month into an account that pays 10% per annum, compounded monthly

asked by roy on June 21, 2014
59. ## MATH FINANCE

Find the monthly payments for an ordinary annuity that will yield a future value of \$80000 at 9 1/2% interest for 38 years. I DON'T KNOW HOW TO SOLVE THIS PROBLEM CAN SOME ONE HELP ME???

asked by COURTNEY on September 29, 2010
60. ## maths

determine the amount of each ordinary simple annuity. deposits of \$2550 for 7 years at 9.7% per year compounded annually Search instead for determine the amount of each ordinary simple annuity. deposits of \$2550 for 7 years at 9.7% per year compounded

asked by peace on May 22, 2017
61. ## GRANTHAM

Find the present value of the ordinary annuity. Please round the answer to the nearest cent.\$2,000 per semiannual period for 7 yr at 12%/year compounded semiannually

asked by CHARLES on December 30, 2014
62. ## finite mathematics

Find the present value of the ordinary annuity. Please round the answer to the nearest cent.\$2,000 per semiannual period for 7 yr at 12%/year compounded semiannually

asked by Anonymous on October 23, 2012
63. ## MATH URGENT

Write the calculator key sequence you would use to evaluate each expression. Then evaluate. A.) (1-3)^4/4 B.) (-2)^0+4*17^0 C.) 16-9 (2^3)+(-4)^2 Thank you and I pleeeeese explain how to do this

asked by SPIKE on January 8, 2013
64. ## Math

Use a calculator to evaluate the trigonometric function. Round to four decimal places. Make sure that your calculator is in the correct angle mode. 1) csc 2pi/5 1.3213? 2) sec 0.7 1.3075?

asked by Anonymous on September 9, 2015
65. ## 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:

asked by student on June 19, 2007

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

asked by Steve on April 18, 2018
67. ## math

angelina is putting 200 each month in an ordinary annuity that pays an annual interest rate of 9%. if she makes payments for 2 years, how much will she have saved for her trip?

asked by jani on December 2, 2016
68. ## math

Sandra deposits \$3000 in an ordinary annuity at the end of each semiannual period at 8% interest compounded semiannually. Find the amount she will have on deposit after 17 years

asked by shalanda on May 1, 2015
69. ## finite math

Using the formula for PV (present value) of an oridinary annuity or the amortization formula to solve this problem. PV=13000 I=.03% PMT=500 n=? I have done it over and over and can't it correct

asked by carol on June 20, 2014
70. ## algebra

the population P(t) of a new residential development t years after 2010 is P(t)=8000(1-e^-0.3t). What is the population for 2015? * algebra - Reiny, Sunday, December 5, 2010 at 6:19pm replace t with 5 and evaluate using your calculator (I got 6215) I was

asked by math help on December 5, 2010
71. ## math formula help needed

Angie needs to have \$15,000 at the end of 6 years. How much should she deposit weekly into an ordinary annuity if it earns 6.5% interest compounded weekly?

asked by Lynda on December 3, 2013
72. ## Math

Angie needs to have \$15,000 at the end of 6 years. How much should she deposit weekly into an ordinary annuity if it earns 6.5% interest compounded weekly?

asked by Mai on April 22, 2014
73. ## Calculus

Use your graphing calculator to evaluate to three decimal places the value of ∫ 0.5 to 3 ((sinx)/x)dx. I don’t have a graphing calculator so can I please have some help with this question? Thank you in advance!

asked by Emily on January 25, 2019
74. ## Managerial Finance

The future value of an ordinary annuity of 1,000 each year for ten years, deposited at 3 percent, is A. 11,808 B. 8,530 C. 11,464 D. 10,000

asked by Spacegazing on October 24, 2014
75. ## finite math

Find the amount of an ordinary annuity for 5 years of quarterly payments of \$2,200 that earn interest at 4% per year compounded quarterly.

asked by Sarah on April 7, 2015
76. ## finite math

Find the present value of an ordinary annuity of \$600 payments each made quarterly over 5 years and earning interest at 4% per year compounded quarterly.

asked by brittny on September 9, 2013
77. ## Maths

I have already asked this question but I have to use my calculator to solve x^2 + 8x + 5 = 0 Someone gave me a link to a quadratic formula solver but when I enter it into my calculator I nvever get the right answer.

asked by Remy on September 17, 2009
78. ## finance

Q.1.Differentiate future value from present value and explain how compound interest differs from simple interest. Q.2. John expects to need \$50,000 as a down payment on a house in six years. How much does she need to invest today in an account paying 7.25

asked by Ali on March 24, 2016
79. ## Math

Find the future value of an ordinary annuity of \$70 paid quarterly for 5 years, if the interest rate is 10%, compounded quarterly. (Round your answer to the nearest cent.)

asked by Taylor on June 29, 2016

Find the present value of an ordinary annuity of \$1,400 payments each made semiannually over 8 years and earning interest at 12% per year compounded semi-annually. ​ \$6,954.70 \$9,763.58 \$14,148.25 \$3,365.99 Thanks for the help

asked by Kal Jay on October 22, 2016
81. ## 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.

asked by Andrew on March 2, 2013
82. ## 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

asked by Andrew on March 3, 2013
83. ## Math

Find the future value of an ordinary annuity that calls for depositing \$100 at the end of every 6 months for 15 years into an account that earns 7% interest compounded semiannually. (Round your answer to the nearest cent.)

asked by Allyssa on March 18, 2015
84. ## MATH

Mike wants to buy a snowmobile. His parents decide to lend him \$9 000 at 10%/a, compounded monthly, if he agrees to repay the amount by making equal monthly (at the end of the month) payments for five years. d. Write the series that represents the present

asked by Michelle on January 17, 2011
85. ## alg 2

evaluate cot 11 pie/6 to the nearest hundred angle given in radians.. is there a way to put this in calculator. another ? use a calculator and inverse function to find radian measures of the given angle angles whose tangent is 4.21 is that 1.34 the answer?

asked by jerson on June 9, 2008
86. ## 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

asked by Anonymous on April 3, 2011
87. ## 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

asked by student on February 24, 2008

after completing his CFP, andre was excited about the prospects of working in retirement planning. If an individual put the equivalent of \$50 per month, or \$600annually into an ordinary annuity, how much money would accumulate in 20 years at 3% compounded

asked by helen on July 22, 2012
89. ## accounting

How do I set this problem up to do it? I do not want the answer just the formula. The question is for Present Value, Future Value, and Annuity Due: . Your uncle offers you a choice of \$30,000 in 50 years or \$95 today. If money is discounted at 12 percent,

asked by Momof8 on July 20, 2009
90. ## math

PROBLEM SOLVING : CERTIFIED FINANCIAL PLANNER If an individual put the equivalent of \$50 per month, or \$600 annually into an ordinary annuity, how much money would accumulate in 20 years at 3% compounded annually? How much at 5%?

asked by jhonatan on May 29, 2013
91. ## Present Value Math

Find the present value of an ordinary annuity of \$500 payments each made quarterly over 6 years and earning interest at 8% per year compounded quarterly. ​ \$9,456.96 \$2,311.44 \$24,968.07 \$5,264.38 Thank you

asked by Kal Jay on October 22, 2016
92. ## PreCalculus

The question is: -5e^(-4x+2) +3= 1/2log(1+x^2) Solve with a calculator for the smallest possible solution, with steps. So this hasn't really been covered in my schoolwork so I'm trying to work off what I have learned. I started with the change of base

asked by ConfusedWithMath on November 15, 2017
93. ## Math

Evaluate the expression without using a calculator: log4(2)= ____? Use a calculator to find the logarithm accurate to four decimal places: log4(27)= ____?

asked by jh on February 14, 2010
94. ## Finance

Nancy Bellow promised her son she would pay him \$600 a quarterly for four years.If Nancy can invest her money in a 6% ordinary annuity, how much would she need to invest today

asked by Dell on July 25, 2011
95. ## algebra

Find the future value of an ordinary annuity. Payments are made and interest is compounded as follows: R=600 7% interest compounded quarterly for 5 years I set this up as follows and still am getting the wrong answer: 500 (1.07)^5-1/0.07 Please help!!

asked by Beth on December 15, 2011
96. ## Math

At the beginning of each period for 9 years, Scott Sullivan invested \$900 quarterly at 4% interest compounded quarterly. What is the present value of this annuity due? (Using the Calculator)

asked by Anonymous on November 28, 2011
97. ## 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? (a) State the type. future value ordinary annuity present value amortization sinking fund (b) Answer the question. (Round your answer to the

asked by Ronald on June 14, 2013
98. ## math

how do you find 30% of 500 without calculator? also how would you find 0.5% of 3200 without calculator? is there a formula? i don't know where to start. i know 30/100 would be 3/10 and 0.5 is 1/2

asked by amaan on December 26, 2016
99. ## math

how do you find 30% of 500 without calculator? also how would you find 0.5% of 3200 without calculator? is there a formula? i don't know where to start. i know 30/100 would be 3/10 and 0.5 is 1/2

asked by amaan on December 26, 2016
100. ## Finite Maths

In the following ordinary annuity, the interest is compounded with each payment, and the payment is made at the end of the compounding period. How much must you invest each month in a mutual fund yielding 12.6% compounded monthly to become a millionaire in

asked by kevin James on January 16, 2016