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2:33 . LTE CZ a webassign.net TOUT DEST SUITISSTUN TO EatIT question partis used TO your store. 4.98/10 points Previous Answers AUFQR1 4.3.001.EP. 3/100 Submissions Used My Notes Ask Your Teacher V A professional soccer player has a deferred compensation annuity. Is this an ordinary annuity or a due annuity? O ordinary annuity O due annuity Give the formula for the present value of this type of annuity where PV is the present value in dollars, PMT is the cash flow amount in dollars, n is the number of payments, and i is the interest rate per period. PV = The annuity pays the professional soccer player $2,200 at the end of each month for 8 years. The annual interest rate is 5% compounded monthly. Determine the following values. (Round your answers to ten decimal places.) PMT = $ n = Find the present value of the annuity. (Round your answer to the nearest cent.) $ Need Help? Read It Talk to a Tutor 2 0/10 points V Previous Answers AUFQR1 4.3.003. 3/100 Submissions Used My Notes Ask Your Teacher V Chiara purchased a new natural gas barbecue for $2,450 and made a down payment that was 30% of the purchase price. She financed the remaining balance for 9 months at an annual interest rate of 5.5% compounded monthly. What is Chiara's monthly payment? (Round your answer to the nearest cent.) $ Need Help? Read It Watch it Talk to a Tutor 3 3.33/10 points V Previous Answers AUFQR1 4.3.005.EP. 15/100 Submissions Used My Notes Ask Your Teacher Logan had seamless rain gutters installed around her home at a cost of $1,200. She financed the total amount for 18 months at an annual interest rate of 4.5% compounded monthly. What is the amount of her monthly payment? (Round your answer to the nearest cent.) $[ After making 12 payments, Logan decided to repay the loan in full. How many payments did she have left at this time? payments What is Logan's payoff (in dollars)? (Round your answer to the nearest cent. ) $ Need Help? Read it Talk to a Tutor