Answered step by step
Verified Expert Solution
Question
1 Approved Answer
need help with problems 2-7 sorry here is the added information 1.A ten-year annuity with first payment of $200 in 1 year and payments increasing
need help with problems 2-7
sorry here is the added information
1.A ten-year annuity with first payment of $200 in 1 year and payments increasing by $100 per year 432.25 b) 4432.97 c) 4433.27 d) 4431.17 e) 4434.99 2.A five-year annuity, first payment of $500 in 2 years, payments decreasing by $100lyear. a) 1236.11 b) 1237.14 c) 1238.42 d) 1235.69 e) 1239.84 3 A twenty-year annuity, first payment of $3,000 immediately with payments increasing by 4% per year 4. An eight-year annuity first payment of $25,000 in one year with payments decreasing by 10% per year 5.A ten-year annuity with first payment of $150 in one year, payments increasing by 10% per year 6.A perpetuity starting with payments of $1,000 per year in one year and increasing by $50/year 7.A perpetuity starting with payments of $35,000 in one year, and increasing by 3.5% per year. 8.A 10 year annuity with continuous payments at the rate of $1000 per year. a) 50,368 b) 50,388 c) 50,375 d) 50,373 e) 50,371 a)114,048 b)114,050 c)114,056 d)114,052 e) 114,053 a) 1681.25 b) 1681.95 c) 1682.25 d) 1682.75 e) 1683.25 a) 30,556 b) 30,558 c) 30,554 d) 30,455 e) 30,655 e) 1,400,100 c)1,399,950 c) 7,579.95 In #9-14, find the accumulated values at the time of the last payment of the following annuities based on i-3% c)1862.25 a)1,400,000 b)1,399,900 d)1,400,050 a) 7,576.25 b) 7,578.75 d) 7,589.35 e) 7,575.45 A six-year annuity with first payment of $250 and payments increasing by $10 per year. a) 1860.86 9. d) 1863.57 e) 1857.99 b)1858.95 In #1-8, find the present values of the following annuities based on i-6%. 1. A ten-year annuity with first payment of $200 in 1 year and payments increasing by $100 per year 2.A five-year annuity, first payment of $500 in 2 years, payments decreasing by $100/year 432.25 b) 4432.97 c) 4433.27 d) 4431.17 e) 4434.99 a) 1236.11 b) 1237.1 c) 1238.42 d) 1235.69 e) 1239.84 3. A twenty-year annuity first payment of $3,000 immediately with payments increasing by 4% per year 4, An eight-year annuity first payment of $25,000 in one year with payments decreasing by 10% per year 5.A ten-year annuity with first payment of $150 in one year, payments increasing by 10% per year. 6.A perpetuity starting with payments of $1,000 per year in one year and increasing by $50/year. 7.A perpetuity starting with payments of $35,000 in one year, and a) 50,368 b) 50,388 c) 50,375 d) 50,373 e) 50,371 a)114,048 b)114,050 c)114,056 d)114,052 e) 114.053 a) 1681.25 b) 1681.95 c) 1682.25 d) 1682.75 e) 1683.25 a) 30,556 b) 30,558 c) 30,554 d) 30,455 e) 30,655 increasing by 3.5% per year a)1,400,000 b)1,399,900 c)1,399,950 d)1,400,050 e) 1,400,100 10 year annuity with continuous payments at the rate of $1000 per year a) 7,576.25 d) 7,589.35 e) 7,575.45 b) 7,578.75 c) 7,579.95 In #9-14, find the accumulated values at the time of the last payment of the following annuities based on i-5%. ment of S25 and payments increasing by $10 per year. e) 1857.99Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started