Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) Note: Do...

Transcribed Image Text:

Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) Note: Do not round intermediate calculations. Round your answer to the nearest cent. Amount of annuity expected $ LA 900 Payment Annually Time 4 years Interest rate 6 % Present value (amount needed now to invest to receive annuity) TABLE 13.2 Present value of an annuity of $1 Period ¹2% 1% 2% 3% 0.9709 1 0.9950 0.9901 0.9804 2 1.9851 1.9704 1.9416 1.9135 3 2.9702 2.9410 2.8839 2.8286 4 3.9505 3.9020 3.8077 3.7171 4.9259 5.8964 5.7955 6.8621 4.8534 4.7134 4.5797 5.6014 5.4172 5.2421 6.7282 6.4720 6.2303 6.0021 7.3255 7.0197 6.7327 6.4632 8.1622 7.7861 7.4353 7.1078 7.8230 7.6517 8.7791 8.5660 9.7304 8.5302 8.1109 7.7217 8.7605 8.3064 8.8632 9.4713 8.9826 10.6770 10.3676 9.7868 9.2526 11.6189 11.2551 10.5753 9.9540 9.3851 12.5562 12.1337 11.3483 13.4887 13.0037 12.1062 14.4166 13.8650 12.8492 15.3399 14.7179 13.5777 10.6350 9.9856 9.3936 11.2961 10.5631 9.8986 11.9379 11.1184 10.3796 12.5611 11.6523 10.8378 10.1059 16.2586 15.5622 14.2918 13.1661 12.1657 11.2741 10.4773 17.1728 16.3983 14.9920 13.7535 12.6593 18.0824 17.2260 15.6784 14.3238 13.1339 12.0853 11.1581 18.0455 16.3514 14.8775 13.5903 12.4622 23.4457 22.0231 19.5234 17.4131 15.6221 14.0939 27.7941 25.8077 22.3964 19.6004 17.2920 15.3724 18.9874 36.1723 32.8347 27.3554 23.1148 19.7928 17.1591 39.1961 31.4236 25.7298 21.4822 18.2559 44.1428 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 25 30 40 50 7% 6% 0.9434 0.9346 1.8334 1.8080 2.6730 2.6243 3.4651 3.3872 8% 0.9259 1.7833 2.5771 3.3121 4.2124 4.1002 3.9927 4.9173 4.7665 5.3893 6.2098 5.9713 6.8017 6.5152 7.3601 7.0236 7.8869 7.4987 4.6229 5.2064 5.7466 6.2469 6.7101 7.1390 7.5361 7.9038 8.2442 8.3838 7.9427 8.8527 8.3576 9.2950 8.7455 9.7122 9.1079 8.5595 9.4466 8.8514 9.7632 9.1216 11.6896 10.8276 10.0591 9.3719 10.3356 9.6036 9.8181 11.4699 10.5940 12.7834 11.6536 10.6748 13.7648 12.4090 11.2578 15.0463 13.3317 11.9246 15.7619 13.8007 12.2335 4% 0.9615 5% 0.9524 1.8861 1.8594 2.7751 2.7232 3.6299 3.5459 4.4518 4.3295 5.0757 5.7864 5.5824 اااال M .. ▬▬▬▬TTEFE 12% 0.8929 1.6901 2.4018 3.0373 3.6048 4.1114 4.5638 4.9676 5.3282 5.6502 5.9377 6.1944 6.4235 6.6282 10% 11% 9% 0.9174 0.9091 0.9009 1.7591 1.7355 1.7125 2.5313 2.4869 2.4437 3.2397 3.1699 3.1024 3.8897 3.7908 3.6959 4.4859 4.3553 4.2305 5.5348 5.3349 5.0330 4.8684 4.7122 5.1461 5.9952 5.7590 5.5370 6.4177 6.1446 5.8892 6.8052 6.4951 6.2065 7.1607 6.8137 6.4924 6.7499 7.4869 7.1034 7.7862 7.3667 6.9819 8.0607 7.6061 7.1909 6.8109 8.3126 7.8237 7.3792 6.9740 7.1196 8.5436 8.0216 7.5488 8.7556 8.2014 7.7016 7.2497 7.3658 8.9501 8.3649 7.8393 9.1285 8.5136 7.9633 9.8226 9.0770 8.4217 7.4694 7.8431 8.0552 10.2737 9.4269 8.6938 10.7574 9.7790 8.9511 8.2438 10.9617 9.9148 9.0417 8.3045 Complete the following for the present value of an ordinary annuity. (Use Table 13.2.) Note: Do not round intermediate calculations. Round your answer to the nearest cent. Amount of annuity expected $ LA 900 Payment Annually Time 4 years Interest rate 6 % Present value (amount needed now to invest to receive annuity) TABLE 13.2 Present value of an annuity of $1 Period ¹2% 1% 2% 3% 0.9709 1 0.9950 0.9901 0.9804 2 1.9851 1.9704 1.9416 1.9135 3 2.9702 2.9410 2.8839 2.8286 4 3.9505 3.9020 3.8077 3.7171 4.9259 5.8964 5.7955 6.8621 4.8534 4.7134 4.5797 5.6014 5.4172 5.2421 6.7282 6.4720 6.2303 6.0021 7.3255 7.0197 6.7327 6.4632 8.1622 7.7861 7.4353 7.1078 7.8230 7.6517 8.7791 8.5660 9.7304 8.5302 8.1109 7.7217 8.7605 8.3064 8.8632 9.4713 8.9826 10.6770 10.3676 9.7868 9.2526 11.6189 11.2551 10.5753 9.9540 9.3851 12.5562 12.1337 11.3483 13.4887 13.0037 12.1062 14.4166 13.8650 12.8492 15.3399 14.7179 13.5777 10.6350 9.9856 9.3936 11.2961 10.5631 9.8986 11.9379 11.1184 10.3796 12.5611 11.6523 10.8378 10.1059 16.2586 15.5622 14.2918 13.1661 12.1657 11.2741 10.4773 17.1728 16.3983 14.9920 13.7535 12.6593 18.0824 17.2260 15.6784 14.3238 13.1339 12.0853 11.1581 18.0455 16.3514 14.8775 13.5903 12.4622 23.4457 22.0231 19.5234 17.4131 15.6221 14.0939 27.7941 25.8077 22.3964 19.6004 17.2920 15.3724 18.9874 36.1723 32.8347 27.3554 23.1148 19.7928 17.1591 39.1961 31.4236 25.7298 21.4822 18.2559 44.1428 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 25 30 40 50 7% 6% 0.9434 0.9346 1.8334 1.8080 2.6730 2.6243 3.4651 3.3872 8% 0.9259 1.7833 2.5771 3.3121 4.2124 4.1002 3.9927 4.9173 4.7665 5.3893 6.2098 5.9713 6.8017 6.5152 7.3601 7.0236 7.8869 7.4987 4.6229 5.2064 5.7466 6.2469 6.7101 7.1390 7.5361 7.9038 8.2442 8.3838 7.9427 8.8527 8.3576 9.2950 8.7455 9.7122 9.1079 8.5595 9.4466 8.8514 9.7632 9.1216 11.6896 10.8276 10.0591 9.3719 10.3356 9.6036 9.8181 11.4699 10.5940 12.7834 11.6536 10.6748 13.7648 12.4090 11.2578 15.0463 13.3317 11.9246 15.7619 13.8007 12.2335 4% 0.9615 5% 0.9524 1.8861 1.8594 2.7751 2.7232 3.6299 3.5459 4.4518 4.3295 5.0757 5.7864 5.5824 اااال M .. ▬▬▬▬TTEFE 12% 0.8929 1.6901 2.4018 3.0373 3.6048 4.1114 4.5638 4.9676 5.3282 5.6502 5.9377 6.1944 6.4235 6.6282 10% 11% 9% 0.9174 0.9091 0.9009 1.7591 1.7355 1.7125 2.5313 2.4869 2.4437 3.2397 3.1699 3.1024 3.8897 3.7908 3.6959 4.4859 4.3553 4.2305 5.5348 5.3349 5.0330 4.8684 4.7122 5.1461 5.9952 5.7590 5.5370 6.4177 6.1446 5.8892 6.8052 6.4951 6.2065 7.1607 6.8137 6.4924 6.7499 7.4869 7.1034 7.7862 7.3667 6.9819 8.0607 7.6061 7.1909 6.8109 8.3126 7.8237 7.3792 6.9740 7.1196 8.5436 8.0216 7.5488 8.7556 8.2014 7.7016 7.2497 7.3658 8.9501 8.3649 7.8393 9.1285 8.5136 7.9633 9.8226 9.0770 8.4217 7.4694 7.8431 8.0552 10.2737 9.4269 8.6938 10.7574 9.7790 8.9511 8.2438 10.9617 9.9148 9.0417 8.3045

Answer rating: 100% (QA)

To calculate the present value of an ordinary annuity you can ... View the full answer