Question: Solve the following problem using a forumla :) Find the future value(FV) of the ordinary annuity. the payment is five hundred dollars per year for

Solve the following problem using a forumla :)

Find the future value(FV) of the ordinary annuity. the payment is five hundred dollars per year for twenty years with a 4 percent annual interest rate.

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!

provide solutions 7) If the stock price is $20, earnings per share is $1, and the earnings growth rate is 5%, then the PEG ratio is four. A) True B) False 9) Which of the following will result in a...

Hello, I would actualy need help with all of these examples, could we work on it together,please? Or could you show me the calculations and results? 2)The followings are recent balance sheet accounts...

PLEASE COMPLETE THE FOLLOWING QUESTIONS. MUST BE ORIGINAL AND USED IN A MICROSOFT WORD DOC FOR EASIER DOWNLOADING. CHAPTER 9: E1, P2, P3, P4, P5, P7, P16, P17, P19 EXERCISE 1. Go to the Federal...

7. Suppose you plan to deposit $10,000 into a savings account each year for the next 25 years, with the first deposit beginning 1 year from now (so treat this problem as the future value (FV) of an...

1-4.Find the total periodic charge to retire a P38,600 debt with quarterly payments for 5 years, using the following plans: a) Amortized at 8%(4) b) Loan at 8%(4) with a sinking fund at 5%(4) c) Loan...

Can someone please help explaining how to solve the below using a financial calculator? 13) What is the present value today of an ordinary annuity cash flow of $3,000 per year for forty years at an...

Dr.Ramsey Please assist me with my discussion post. Subject: Annuities Systematic risk evaluates the probability and extent of negative consequences to the larger body. For example, the government...

The data has been collected in the spreadsheet below. Reference the spreadsheet and perform the required analysis to answer ALL FOUR PARTS of the question below (PARTS G, H, I, AND J). Do not round...

The data has been collected in the spreadsheet below. Reference the spreadsheet and perform the required analysis to answer all parts of the question below. Do not round intermediate calculations....

can you help me with this case.?? Davis, Michaels, and Company Tom Davis was born and raised in San Francisco and served as a Navy lieutenant in Vietnam. After his discharge he used the GI Bill to...

The table shows the domestic box offce gross, adjusted for infation, for the top 20 grossing movies of all time in the US TitleUS Gross ($millions) Gone With the Wind........1,649 Star...

1. Dolphins breathe in air through their blowhole at the surface of the water, and then dive into the depths to play, hunt, and otherwise live their lives. When they run out of oxygen, they surface...

15. What are the advantages of using restricted shares to compensate employees?

Add "Viggo Mortenslet cast = new Map ( ) ;en " to the cast as the key, with value "Aragorn".