30 Answered Questions for the topic Annuity

Annuity Finance

04/12/20

What is the present value (PV) of a 12-year lease arrangement with an interest rate of 7.5 percent that requires annual payments of $4,250 per year with the first payment being due now?I got... more 12/03/19 #### Business mathematics$200 was saved every month for four years in an account that pays 6% compounded monthly.find the accumulated value if the interest rate was changed to 8% compounded monthly after one year
Annuity Finance Interest

07/13/19

Annuity

12/19/17

11/05/17

03/24/17

Annuity

01/17/17

#### Eunice wants to have 500,000 on 12/31/2020.

Eunice wants to have 500,000 on 12/31/2020. Eunice will deposit 100,000 on january 1,2016 and will make annual deposit every december 31 starting december 31,2016.Int. Rate:10%1. What is the annual... more
Annuity Algebra

12/29/16

Suppose that an employee contributes $100 to an annuity at the end of each month for 25 yrs. If the annuity earns 7%,a. Determine the value of the annuity at the end of the 25-yr period.b. How much... more Annuity 11/26/16 #### Kindly solve out these 2 questions Q. 1= If you want to get a loan but can only afford to pay Rs.13, 000 per month. How much can you borrow (loan amount) if the interest rate is 5% annually for 30 years? Q.2= Suppose... more 07/21/16 #### Algebra help, Income earned on an IRA investment help? I need some help on setting up this problem, and how to find the formula to get the correct answer.. this sounds like a different language like where do I start? Can I put this in a table or a... more 07/21/16 #### Algebra help, Income earned on an IRA investment help? I need some help on setting up this problem, and how to find the formula to get the correct answer.. this sounds like a different language like where do I start? Can I put this in a table or a... more 07/21/16 #### Algebra help, Income earned on an IRA investment help? I need some help on setting up this problem, and how to find the formula to get the correct answer..Here it is: A retiree needs a yearly income of$13,o00 from her IRA to help fund her retirement.... more
Annuity Interest

05/18/16

A mortgage of 1.2% interest compounded monthly with a monthly payment of $600 has an unpaid balance of$6753 after 100 months. Find the unpaid balance after 101 months.
Annuity

11/16/15

Annuity

10/05/15

#### The amount of an ordinary $7500.00 annuity for 3 years at 12 percent compounded quarterly is (1 point) The amount of an ordinary$7500.00 annuity for 3 years at 12 percent compounded quarterly is (1 point)
Annuity Math Mutual Funds

04/23/15

#### Mutual fund/ Annuity

You decide to contribute to a mutual fund that averages 4.6% return per year. If you contribute \$550 quarterly. Round all answers to the nearest cent as needed.   a) How much will be in the... more

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