Assuming a 12% annual interest rate, determine the present value of a five-period annual annuity of...

 

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Assuming a 12% annual interest rate, determine the present value of a five-period annual annuity of $4,400 under each of the following situations: Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) 1. The payments are received at the end of each of the five years and interest is compounded annually. 2. The payments are received at the beginning of each of the five years and interest is compounded annually. 3. The payments are received at the end of each of the five years and interest is compounded quarterly. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The payments are received at the end of each of the five years and interest is compounded quarterly. Note: Round your final answers to nearest whole dollar amount. Deposit Date n- Deposit PV First payment 3% 4 $ 4,400 S 16,355 Second payment 3% 80 4,400 30,887 Third payment 3% 12 4,400 43,798 Fourth payment 3% 16 4,400 55,269 Fifth payment 3% 20 4,400 65,461 211,770 < Required 2 Required 3> Assuming a 12% annual interest rate, determine the present value of a five-period annual annuity of $4,400 under each of the following situations: Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) 1. The payments are received at the end of each of the five years and interest is compounded annually. 2. The payments are received at the beginning of each of the five years and interest is compounded annually. 3. The payments are received at the end of each of the five years and interest is compounded quarterly. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The payments are received at the end of each of the five years and interest is compounded quarterly. Note: Round your final answers to nearest whole dollar amount. Deposit Date n- Deposit PV First payment 3% 4 $ 4,400 S 16,355 Second payment 3% 80 4,400 30,887 Third payment 3% 12 4,400 43,798 Fourth payment 3% 16 4,400 55,269 Fifth payment 3% 20 4,400 65,461 211,770 < Required 2 Required 3>

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To determine the present value of a fiveperiod annual annuity of 4400 with a 12 annual interest rate ... View the full answer