Payments of $6000 at the end of each year for 25 years at 5% interest compounded annually.
What is the future value of the annuity?
$_____ (round to the nearest cent)
Posts Tagged ‘Please’
Annuity problem, Please help?
05
Jun
consider a 5 payment annuity of $200 per year, with the first payment occuring at t=4. what is the present value (at t=0) of that annuity if r= 10%.
Answer should be: 569.61
Hint: what is the t = 3 value?
please show me how you solve this problem
Math question, please help!?
21
May
The future value Fn of an annuity type of investment is given by the expression Fn=P|(1+i)^n-1/ i) where n is the number of periodic payments P and i is the interest rate over the period of each payment. Tolliver plans to save $1500 each year for 18 years, at an annual interest rate of 6.6%.
a. How much will he have in his account at the end of that time?
b. How much will he have if he saves $1200 for 18 years at 7.25%?
I keep trying to plug in .066 for i and P, 18 for n, and it’s not working.
Please help! What am I doing wrong?
Need someone to check over my Physical Science homework please?
15
May
1. Approximately how many Kelvins are equal to 60°F? (1 point)
439
212<—-
902
289
2. The type of graph used to show how a part of something relates to the whole is a _____. (1 point)
circle graph<—-
bar graph
line graph
direct proportion
3. How do scientists who speak different languages make their data understandable to one another? (1 point)
They all use different systems of measurement.
They all use SI.
They communicate through a universal translator.<—-
They all must speak French.
4. Why are peer reviews important? (1 point)
Scientists recieve questions and criticism from their peers.
Data can be checked for accuracy.<—-
Scientists receive comments and suggestions from other scientists.
all of the above
5. If the relationship between the manipulated variable and the responding variable is a direct proportion, what will a line graph of this relationship look like? (1 point)
a straight line<—-
a curved line
a jagged line
none of the above
6. What is a physical or mental representation of an object or an event? (1 point)
a theory
a hypothesis
a model<—-
a scientific law
7. Timers at a swim meet used four different clocks to time an event. Which recorded time is the most precise? (1 point)
55 s
55.2 s
55.25 s
55.254 s<—-
10. Which of the following is NOT a branch of natural science? (1 point)
life science
physical science
Earth science<—-
social science
11. What is the most important safety rule? (1 point)
Never work with chemicals.
Always use unbreakable glassware.
Never do experiments that involve flames.
Always follow your textbook directions exactly.<—-
12. What type of graph would be the best to use to compare the levels of lead contamination in six water wells? (1 point)
a circle graph
a bar graph<—-
a line graph
none of the above
13. What is 1 centimeter equal to? (1 point)
100 meters
1/10 of a millimeter
10 millimeters
100 millimeters<—-
14. Which of the following clocks offers the most precision? (1 point)
a clock with only one hand to measure the hour
a clock with only one hand to measure the minutes
a clock with a hand to measure the hour and a hand to measure the minutes
a clock with a hand to measure the hour, a hand to measure the minutes, and a hand to measure the seconds<—-
15. How is .0003 written in scientific notation? (1 point)
3.0 x 10-5
3.0 x 104
3.0 x 10-3<—-
3.0 x 10-4
16. Which of the following conversion factors would you use to change 18 kilometers to meters? (1 point)
1000 m/1 km
1 km/1000 m
100 m/1 km
1 km/100 m<—-
17. There are 1660 megawatts of wind-generated electricity produced globally every year. This amount is equivalent to _____. (1 point)
1,660,000 watts<—-
1,660,000 kilowatts
16,600,000 watts
166,000 kilowatts
18. On the Celsius scale, at what temperature does water boil? (1 point)
0°
212°
100°
32°<—-
19. The SI base unit of mass is the _____. (1 point)
gram (g)
kilogram (kg)
meter (m)
pound (lb)<—-
20. A measurement must include both a number and a(an) _____. (1 point)
time
mass
variable
unit<—-
Will someone please help me with my physical science?
13
May
1. Approximately how many Kelvins are equal to 60°F? (1 point)
439
212
902
289
2. The type of graph used to show how a part of something relates to the whole is a _____. (1 point)
circle graph
bar graph
line graph
direct proportion
3. How do scientists who speak different languages make their data understandable to one another? (1 point)
They all use different systems of measurement.
They all use SI.
They communicate through a universal translator.
They all must speak French.
4. Why are peer reviews important? (1 point)
Scientists recieve questions and criticism from their peers.
Data can be checked for accuracy.
Scientists receive comments and suggestions from other scientists.
all of the above
5. If the relationship between the manipulated variable and the responding variable is a direct proportion, what will a line graph of this relationship look like? (1 point)
a straight line
a curved line
a jagged line
none of the above
6. What is a physical or mental representation of an object or an event? (1 point)
a theory
a hypothesis
a model
a scientific law
7. Timers at a swim meet used four different clocks to time an event. Which recorded time is the most precise? (1 point)
55 s
55.2 s
55.25 s
55.254 s
10. Which of the following is NOT a branch of natural science? (1 point)
life science
physical science
Earth science
social science
11. What is the most important safety rule? (1 point)
Never work with chemicals.
Always use unbreakable glassware.
Never do experiments that involve flames.
Always follow your textbook directions exactly.
12. What type of graph would be the best to use to compare the levels of lead contamination in six water wells? (1 point)
a circle graph
a bar graph
a line graph
none of the above
13. What is 1 centimeter equal to? (1 point)
100 meters
1/10 of a millimeter
10 millimeters
100 millimeters
14. Which of the following clocks offers the most precision? (1 point)
a clock with only one hand to measure the hour
a clock with only one hand to measure the minutes
a clock with a hand to measure the hour and a hand to measure the minutes
a clock with a hand to measure the hour, a hand to measure the minutes, and a hand to measure the seconds
15. How is .0003 written in scientific notation? (1 point)
3.0 x 10-5
3.0 x 104
3.0 x 10-3
3.0 x 10-4
16. Which of the following conversion factors would you use to change 18 kilometers to meters? (1 point)
1000 m/1 km
1 km/1000 m
100 m/1 km
1 km/100 m
17. There are 1660 megawatts of wind-generated electricity produced globally every year. This amount is equivalent to _____. (1 point)
1,660,000 watts
1,660,000 kilowatts
16,600,000 watts
166,000 kilowatts
18. On the Celsius scale, at what temperature does water boil? (1 point)
0°
212°
100°
32°
19. The SI base unit of mass is the _____. (1 point)
gram (g)
kilogram (kg)
meter (m)
pound (lb)
20. A measurement must include both a number and a(an) _____. (1 point)
time
mass
variable
unit
i do not under stand it…..
Help with accounting homework please?
09
May
A corporation issues for cash $1,000,000 of 10%, 20-year bonds, interest payable annually, at a time when the market rate of interest is 12%. The straight-line-method is adopted for the amortization of bond discount or premium. Assuming the following present value factors:
The Present value of a $ at 10% is .1486; at 12% it is .1037
The Present value of an annuity at 10% is 8.5136; at 12% it is 7.4694
The selling price of the bonds would be:
a. $999,900
b. $1,000,000
c. $1,000,028
d. $850,640
e. none of the above
401 k please help choose- no clue?
09
May
I have no clue what to choose- here are some options. I am in my early 20s. I heard people say you can risk it now. I just have noooooooooooooo clue anything about 401k – Can you recommend any of the ones pasted below? Does anything sound interesting to you? OR where can i research about each individual one/please send me a link if you know of anything online. Thanks so much- really appreciate it!
INVESTMENT OPTION ELECTION
The following investment allocation will apply to all new money deposited into an existing group annuity or trust contract unless otherwise
directed. Monies previously deposited to this contract will not be changed to reflect the selections below. NOTE: In the event of a contract
conversion from an existing individual annuity contract or from another group annuity contract or trust agreement, all money previously
deposited at Nationwide will be invested pursuant to the selections below. If you have any questions, please consult your plan administrator.
All allocations must be made in whole percentages.
I hereby authorize all FUTURE CONTRIBUTIONS be invested as follows:
Risk
Inquire
Code Risk
Inquire
Code
IV -Capital World Gr & Inc R3 .0% 388
IV -Growth Fund of America R3 .0% 662
V AllianceBrnstn IntlValFd-A .0% 578
I BOA-INDEXED FIXED .0% 8001
V Baron Growth Fund .0% 584
V BlkRk LgCap Val A .0% 1059
V Davis Opportunity Fd A .0% 473
IV Fid Adv Equ Incm Fnd Cls A .0% 282
V Franklin BalSheet Inv Fd A .0% 975
II Gartmore Govt Bond Fd A .0% 835
VI Gartmore InvDes Aggr SC .0% 970
II Gartmore InvDes Cons SC .0% 974
IV Gartmore InvDes Mod SC .0% 972
V Gartmore InvDes ModAggr SC .0% 971
III Gartmore InvDes ModCons SC .0% 973
V Gartmore MidCap Mkt Indx A .0% 968
IV Gartmore S&P 500 Index SC .0% 356
VI Gartmore Small Cap Index A .0% 967
II GdmnScs Govt Income Fd A .0% 771
IV JPM MidCap Value A .0% 611
V Janus Twenty Fnd .0% 325
III Oakmark Equity & Inc Fd II .0% 669
VI Oppnhmr Devl Markets Fd A .0% 844
II PIMCO TtlRetrn Fnd Cls A .0% 138
IV Pioneer High Yield Fd A .0% 650
TOTAL 100.0%
Additional funds are available to you after this enrollment process via www.nationwide.com
Risk Category Legend: VI – Very High, V – High, IV – Moderate, III – Low, II – Very Low, I – Lowest
algebra question, help please?
03
May
The present value of an ordinary annuity is given by the formula R[1-(1/(1+i)^n / i], where n is given as the number of payments, R is the dollar amount invested, and i is the interest rate, how could this algebraic function be4 simplified?
Investing hw help please?
01
May
Imagine you are an investment counselor for Jack and Rachel. Assess each investor’s personal and financial situations; assess trade-offs between risks and return. Then make recommendations about how much risk that an investor should assume and the types of investments he/she should make (stocks,bonds,annuities,money markets)
1.) Jack is 26 and single. He lives in a small studio apartment, works as a Web site designer, and has $50,000 to invest. His immediate plans include saving to buy a house, replacing his used car and going to graduate school.
2.) Rachel is 55 and a newly retired teacher. She and her husband own a house in the city and have a small summer cottage by a lake. Rachel had $50,000 in retirement funds to invest. Her immediate plans include vacationing in Italy and taking photography classes at the city’s art museum. She and her husband plan to sell their home and purchase a condo.
Look at the following to make your decision
- Personal situation
-Financial situation
- Goals
- Risk
- Return
- Amount Invested
Please help
please explain how universal life insurance works in details?
29
Apr
is it the same as variable insurance wherein you can increase or decrease your insurance coverage for the same premium or universal life have a fix premium for a given age and amount and if you want to increase your coverage, you just add a yearly term insurance?How do you increase its coverage? Will it affects the premium if you want additional coverage? I understand variable life insurance has a range of minimum to maximum coverages for a given premium, is it the same with universal life?please explain in details how the entire process works.
Stocks? Annuities? Mutual Funds? Advice, please!?
25
Apr
I found out yesterday that I own about $14,500 worth of stock in a local bank. My dad bought the shares for me when I was a kid, and now that’s how much they’re worth. I’m trying to decide what to do next. I was thinking about selling the stock and putting the money into a CD, because I really don’t trust the stock market all that much. A family member suggested an annuity, and others have suggested more investments. Investing the money in anything but real estate isn’t an option. I just want some advice about my options from someone who knows. Again, I don’t trust the stock market…What’s the best thing to do?
Must figure out what I’m doing wrong! Please try to help, examination tomorrow!?
23
Apr
The finance plan includes $150 down, with payments of $113 at the end of each month for 1.5 years.
Determine the annual interest rate being charged, if the interest is compounded monthly.
The selling price is $1894
And show mathematical steps using one or more of these formulas:
compound interest: a = p (1+i) ^ n
present value: pv= a divided by (1+i) ^ n
or the annuity formuals, possibly…
My attempt:
selling price – 150 = 1744
which is the principal value= p
what he payed is the future value, so 113 x (1.5 x 12) = 2034
2034 = 1744 ( 1 + i ) ^ 18
isolated for i
then multiplied i by 12 (compounding periods per year) to get r as the interest rate…
But this was not the correct answer, it is suppose to be 20.6 %
Finance Homework! Help me please?
20
Apr
A famous quarterback just signed a $15 million contract providing $3 million a year for 5 years. A less famous receiver signed a $14 million 5-year contract providing $4 million now and $2 million a year for 5 years. Who is better paid? The interest rate is 9%.
#1 The PV for the quarterback is $___ million?
#2The receiver gets $4 million now plus a 5-year, $2 million annuity. The present value of the annuity is $_____million?
#3With the $4 million immediate payment, the receiver’s contract is worth $______million
Can you please explain it shortly its okay if you dont i just really need the answer
thanks
Please help me solve this Finance question…your opinions help! Thank you so much?
19
Apr
I know it may be alittle long..but please help me, I really appreciate it! Thanks to all the kind people on Yahoo Answers!
Totals: 1972 Start-up through FY 2000*
Total Lottery Ticket Sales $25.12 billion
Net Revenue to Aid Education $9.83 billion
Retailer Commissions $1.68 billion
Prizes to Players$12.86 billion
*http://www.Michigan.gov/lottery
The Big Game is a multi-state lottery game with BIG Jackpots.Seven states participate in The Big Game: Georgia, Illinois, Maryland, Massachusetts, Michigan, New Jersey and Virginia. By teaming up together, the member lotteries are able to offer players jackpots that start at $5 million. The jackpots grow until someone wins. Jackpots can grow as high as $200 million or more. In fact, The Big Game holds the record for the largest lottery jackpot ever in the United States: $363million! This jackpot rolled 18 times since last being hit! Two winning tickets — one sold in Michigan, and one sold in Illinois — matched all six numbers in this Big Game drawing, each worth an annuitized value of $181.5 million. The winners were Larry and Nancy Ross of Shelby Township, Michigan, and Joe and Sue Kainz of Lake County, Illinois.The Michigan Lottery can pay Big Game jackpot winnings inone of two ways: as an annuity or in one lump-sum/cash-option payment for the present cash value of the jackpot share. When a winnerselects annuity payments, the jackpot is paid out in equal installments over 26 years. When a winner selects the cash option, the Lottery paysthe winner the present cash value of the announced jackpot in onelump-sum payment, which is typically about 50% of the publishedvalue. In effect, the Lottery takes all of the money that would have been invested to fund the 26-year annuity and turns it all over to the winner, retaining absolutely none of the prize. Regardless of which option thewinner selects, the Michigan Lottery is required by law to withholdestimated income taxes for federal (28 percent) and state (4.2 percent), on any prize over $5,000. These amounts are estimates only, and the winner is required to satisfy any further tax liability for the year inwhich the prize award is claimed.
——————————————————————————–
Q1) Why do most winners select the cash option plan when given a choice?
Q2) If Michigan Lottery would like to give the annuity option an equal chance of being selected, how would it have to structure its payments?
Child Support (real knowledge please)?
18
Apr
I got divorced from my x a year ago. I wanted to just settle and be done with him. I stupidly gave in and bargained my child support for living in the house with my kids until the home sells. Well its still not sold and Im still not getting child support. I have now come to him and asked if the children and I can move to another state and he agreed. Now he wants to change the original agreement that I receive no child support until the home is sold, to I will not receive child support at all if we move. He now is holding over me and continues to drag his feet in letting us go even though we now have a move date. He says if I don’t agree to HIS terms that he will force us to stay. He also wants to go back and change other finished business in the divorce, like change agreements finalized such as making me pay credit cards that are to be paid in the sale of the home. Basically the kids aren’t his priority at all. He is holding money to the highest. My question is.. Is it legal that he wouldn’t have to pay child support for his children with or without an agreement? Depending if we live in the same state or not, if I remarry or not?
I got the house.. NO.. we own the home together. He just moved out.. just.. and we were divorced a year ago. Im a prisoner until the house is sold. No child support, paying bills, and taking care of the kids full time. Now that I have someone who lives somewhere else and I want to take the children, he is going for the money.. what little there is. He has a lawyer to settle on my full custody, and ever since.. he won’t call, I ask him what’s taking so long with the agreement papers he is drawing up for me. He is now sending me sms saying don’t sms him unless it’s about the kids, don’t harass him by asking again, im annoying him by asking. These words are all in our decree (and yes we did have lawyers.. I settled too fast) saying not to annoy,, harass, and molest eachother. I need a clause for blackmail. Is there such a thing? Im afraid to do anything because he will again go back on his word and not allow me custody. So yes. He is playing me and very well. I can’t afford a lawyer.