Question: using the values below, answer the questions that follow: amount of annuity- 1,500 interest rate- 9% deposit period- 8 years 1. calculate the future value

using the values below, answer the questions that follow:

amount of annuity- 1,500

interest rate- 9%

deposit period- 8 years

1. calculate the future value of the annuity assuming that it is:

a. an ordinary annuity

b. an annuity due

compare your findings in a. & b. all else being identical which type of annuity , ordinary or annuity due is preferable as an investment? why

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!

Q:

Q4. Using the values below, answer the questions that follow: (1mark) Amount of annuity: $500 Interest rate: 9% N=10 years Calculate the future value of the annuity, assuming that it is An ordinary...

Q:

Using the values below, answer the questions that follow: (1mark) Amount of annuity: $500 Interest rate: 9% N=10 years Calculate the future value of the annuity, assuming that it is An ordinary...

Q:

Assignment Questions math experts i need your help Q1 (1.5 marks) Ahlam Companys net income for the year 2000, is $3,700,214. The company had an EBITDA of $ 10,125,300, and its depreciation and...

Q:

Please Use your keyboard ( Don't use handwriting ) Thank you.. I need new and unique answers , please. ( Use your own words, don't copy and paste ) FIN 101 Assignment Questions Q1 (1.5 marks) Ahlam...

Q:

Q1 (1.5 marks) Ahlam Companys net income for the year 2000, is $3,700,214. The company had an EBITDA of $ 10,125,300, and its depreciation and amortization expense was equal to $2,543,790. The...

Q:

Q1 (1.5 marks) Ahlam Companys net income for the year 2000, is $3,700,214. The company had an EBITDA of $ 10,125,300, and its depreciation and amortization expense was equal to $2,543,790. The...

Q:

Q1 (1.5 marks) Ahlam Companys net income for the year 2000, is $3,700,214. The company had an EBITDA of $ 10,125,300, and its depreciation and amortization expense was equal to $2,543,790. The...

Q:

plz I need an answer to this question Q2. (1 Mark) The following are accounts balance in thousands) for Malak Company. Calculate Net Income after-tax (show intermediate steps) t=35% for the year...

Q:

Q4. Using the values below, answer the questions that follow: (1mark) Amount of annuity: $500 Interest rate: 9% N=10 years a) Calculate the future value of the annuity, assuming that it is (1) An...

Q:

Q4. Using the values below, answer the questions that follow: (1mark) Amount of annuity: $500 Interest rate: 9% N-10 years a) Calculate the future value of the annuity, assuming that it is (1) An...

Q:

The income statement for the year ended December 31, 2012, for Laskowski Manufacturing Company contains the following condensed information. Included in operating expenses is a $24,000 loss resulting...

Q:

Macarrys Bicycle Company makes and sells high-quality bicycles, primarily to larger North American bicycle retail outlets and to some wholesalers for smaller retail shops. They have several models,...

Q:

Interest on a note payable is calculated as: Principal Interest Rate. Group startsTrue or False

Q:

A hula hoop and solid disc of equal radii are rolled, from rest and without slipping, down an incline plane. Which one will reach the bottom of the inclined plane first? Explain.

Q:

What do the terms syntax, logic, and run-time errors mean?

Q:

What function could we use to make sure that a userentered value is actually a number?

Q:

What are the differences between the access modifiers Public, Private, and Protected?