Question: 12. If a 34-year ordinary annuity has a present value of $104,570.00, and if the interest rate is 1.7 percent, what is the amount of

12. If a 34-year ordinary annuity has a present value of $104,570.00, and if the interest rate is 1.7 percent, what is the amount of each annuity payment?

$4,074.95

$4,174.95

$4,274.95

$3,974.95

$3,874.95

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Part 2 1. Jackie filed her 2020 income tax return and paid the tax shown thereon in the amount of P10,000 on July 15, 2022. What is the total amount payable? per 2. An individual taxpayer has filed...

Can u pleaseee help me with this 12. If a 34-year ordinary annuity has a present value of $104,570.00, and if the interest rate is 1.7 percent, what is the amount of each annuity payment?

please answer quickly If a 34-year ordinary annuity has a present value of $104,570.00, and if the interest rate is 1.7 percent, what is the amount of each annuity payment? $4,074.95 $4,274,95...

If a 34-year ordinary annuity has a present value of $104,570.00, and if the interest rate is 1.7 percent, what is the amount of each annuity payment? 3,974.95 04.274.95 04.174.95 0 4,074.95 3.874.95

If a 5 -year ordinary annuity has a present value of $1,000, and if the annual interest rate is 10 percent, what is the amount of each annuity payment? 1) $240.42 2) $263.80 3) $300.20 4) $315.38 5)...

If a 25-year ordinary annuity has a present value of 14,643, and an interest rate of 13.0%, what is the amount of each annuity payment to the nearest whole dollar? Question 7 4 pts You are...

11. If a 5 -year ordinary annuity has a present value of $1,200, and if the interest rate is 8 percent compounded on a quarterly basis, what is the amount of each annuity payment? a. $254.59 b....

Choose the right answer If a 5-year ordinary annuity has a present value of $1,000, and if the interest rate is 10 percent, what is the amount of each annuity payment? $240.42 $263.80 $300.20 $315.38...

If a 5-year ordinary annuity has a present value of $1,000, and if the interest rate is 12 percent, what is the amount of each annuity payment?

Question 4 1 pts If a 2-year ordinary annuity has a present value of $81,356.00, and if the interest rate is 17.3 percent, what is the amount of each annuity payment? $51,114 $50,014 $51,514 $50,714...

Multiple choice, 34 questions, please highlight correct answer. Eric just won $13 million in the state lottery. He's been given the option of receiving a total of $6.6 million now, or he can elect to...

1. Which statement is correct about network protocols? a. Network protocols define the type of hardware that is used and how it is mounted in racks. b. They define how messages are exchanged between...

John Corporation purchases 100% of the outstanding stock of Geller Company for $600,000. Geller reports a single fixed asset, land costing $500,000 (fair value $650,000) and a note payable of...

calculate the companys net capital spending for 2 0 2 3

Tom Ford is an American high fashion designer who sells beauty products, high-fashion clothing, and accessories for men and 1acumenhe is also a film director, screenwriter, and producer. Ford took...

Medical experts are ideal candidates for providing estimates of the quality weights associated with various health states.

Costbenefit analysis (CBA) allows us to pick an optimal treatment from the list of potentially cost-effective treatments.

The value of statistical life (VSL) is a measure of how much money someone would be willing to accept in exchange for dying.