How much interest is included in the future value of an ordinary simple annuity of $1,150 paid

Fantastic news! We've Found the answer you've been seeking!

Question:

How much interest is included in the future value of an ordinary simple annuity of $1,150 paid every six months at 10%

compounded semi-annually if the term of the annuity is 5 years?

Related Book For answer-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

See More Books

Posted Date: Apr 30, 2024 04:12 AM

See More Questions

Suppose you make an investment of AED50,000 today. If the return from this investment is 10%, how many years will it take to make the investment triple? Approx. 9 years Approx. 10 years Approx. 11...
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...
Consider a post office with two employees and a single waiting line. On average, the inter-arrival time is 6 minutes. Standard deviation of inter-arrival time is 3.94 minutes. Average service time is...
As the book keeper of Dicks Repair Service in Moose Jaw, use the information that follows to prepare: 1. A worksheet for the month of November 2. An income statement for November, a statement of...
One of the sources used in your report is an article titled "Making Antimalarial Agents Available in Africa," by Kenneth J. Arrow, Hellen Gelband, and Dean T. Jamison. The article appeared in the...
What are the six primary system development process models?
Construct a network from the information in the following table and identify all the paths in the network, compute the length of each, and indicate the criticalpath. Activity Activity Predecessor...
Analyze the implications of non-volatile memory (NVM) and persistent memory on traditional memory management practices. How do these technologies change the landscape of data persistence and recovery...
How has Sociology distinguished itself as a discipline from all the other social sciences? A Sociology as a discipline uses the sane methodology as the other social sciences to study its subiject...
Although people from the same culture are likely to have similar views of what constitutes ethical versus unethical behavior, what factor or factors would account for differences within a culture?
Identify and briefly summarize representative laws and regulations that attempt to address international ethics and social responsibility.
Using any criterion your group prefers, select any single existing business and assume that you will recommend that it be kept and the other three sold. Form a group with three or four of your...
Why was the formation of NAFTA so controversial in the United States, while the formation of the CanadaU.S. FTA was little noticed by most Americans?
Do you think social responsibility for an MNC is something best managed locally or best managed globally?
You need to accumulate $10,000. To do so, you plan to make deposits of $1,250 per year, with the first payment being made a year from today, in a bank account which pays 12 % interest, compounded...
1. Firms may hold financial assets to earn returns. How the firm would classify financial assets? What treatment will such financial assets get in the financial statements in accordance with US GAAP...
Explain how creating a process map and internal threat analysis helps in determining the extent to which substantive testing is to be performed on the accounts associated with the supply chain and...
Consider the purchases function of a manufacturing company. To overcome a downward profitability trend, management recently instituted a "just-in-time" system of acquiring raw materials for its...
Testing for unrecorded liabilities involves vouching a sample of disbursements made after fiscal year end to determine whether the underlying liabilities for the disbursements were recorded at the...

How much interest is included in the future value of an ordinary simple annuity of $1,150 paid

Question:

Expert Answer:

Actually regular annuities dont involve interest compounding Interest compounding is when interest i... View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these accounting questions