Question
Present Value and Future Value of an Annuity Problems. Complete the table. Payment Amount Time (years) Interest Rate Compounded # of Periods Interest Rate/Period FVIF
Present Value and Future Value of an Annuity Problems.
Complete the table.
| Payment Amount | Time (years) | Interest Rate | Compounded | # of Periods
| Interest Rate/Period | FVIFA | FVA |
| $15,000 | 8 years | 6% | Quarterly |
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| $7,000 | 8 years | 7% | Semi-annually |
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| Payment Amount | Time (years) | Interest Rate | Compounded | # of Periods
| Interest Rate/Period | PVIFA | PVA |
| $900 | 4 yearss | 6% | Annually |
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| $215000 | 4 years | 8% | Quarterly |
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ANNUITY WORD PROBLEM
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| John Regan, an employee at Home Depot, made deposits of $800 at the end of each year for 4 years. Interest is 4% compounded annually. What is the value of Regan's annuity at the end of 4 years?
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Public Finance
Authors: Laurence S. Seidman
1st Edition
0073375748, 978-0073375748
