Question: Question #3 : Complete or fill in the entire chart for the below annuities by filling in all the blanks. (1 marks each = 6

Question #3: Complete or fill in the entire chart for the below annuities by filling in all the blanks. (1 marks each = 6 marks total)

#

Payment and frequency

(PMT)

Time in years

(n)

Interest rate and compound frequency (I/Y)

Present Value (PV)

Future Value

(FV)

a)

$158.00 semi-annually

15 years

5% compounded annually

______________

Not Applicable

b)

$756.50 per end month

5 years

6 % compounded monthly

Not Applicable

_______________

c)

$____________ per quarter

61 payments

3 % compounded semi-annually

$16,000

Not Applicable

d)

$454.30 per year

__________years

7.54 % compounded quarterly

Not Applicable

$127,000

e)

$2,100 at beginning of every six months

126 months

_______compounded semi-annually

$36,600

Not Applicable

f).

$240 at the beginning of the year

40 years

2.54% compounded quarterly

Not Applicable

_______________

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!