Question
Complete or fill in the entire chart for the below annuities by filling in all the blanks # Payment and frequency (PMT) Time in years
Complete or fill in the entire chart for the below annuities by filling in all the blanks
# | Payment and frequency (PMT) | Time in years (n) | Interest rate and compound frequency (I/Y) | Present Value (PV) | Future Value (FV) |
a) | $158.00 semi-annually | 15 years | 5% compounded annually |
______________ |
Not Applicable |
b) | $756.50 per end month | 5 years | 6 % compounded monthly |
Not Applicable |
_______________ |
c) | $____________ per quarter | 61 payments | 3 % compounded semi-annually |
$16,000 |
Not Applicable |
d) | $454.30 per year |
__________years | 7.54 % compounded quarterly |
Not Applicable |
$127,000 |
e) | $2,100 at beginning of every six months |
138 months | _______compounded semi-annually |
$36,600 |
Not Applicable |
f). | $240 at the beginning of the year | 40 years | 2.54% compounded quarterly |
Not Applicable |
_______________ |
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