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Subjects>Math>Basic Math

What is the future value of a 5-year ordinary annuity?

Anonymous

∙ 14y ago

Updated: 10/16/2024

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Q: What is the future value of a 5-year ordinary annuity?

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What is the formula for future value of ordinary annuity?

FVoa = PMT [((1 + i)n - 1) / i]FVoa = Future Value of an Ordinary AnnuityPMT = Amount of each paymenti = Interest Rate Per Periodn = Number of Periods

Is the present value factor the exponent of the future value factor?

The present value factor is the exponent of the future value factor. this is the relationship between Present Value and Future Value.

What kind of decimal is 0.15?

It is a terminated decimal because it is not repeating itself.

What is the future value of 1200 after 5 years if the appropriate interest rate is 6 percent compounded monthly?

1862

What is the value of a 1400 quarter?

Please look again. In 1400 the first US quarters were nearly 4 centuries in the future.

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Related Questions

What is the future value of a 5year ordinary annuity with annual payments of 200 evaluated at 15 percent?

Fv = $200(fvifa15%,5) = $200(6.7424) = $1,348.48.

The future value of an annuity due is always greater than the future value of an otherwise identical ordinary annuity True or false?

true

What is the difference between ordinary annuity and annuity due?

In an ordinary annuity, the payments are fed into the investment at the END of the year. In an annuity due, the payments are made at the BEGINNING of the year. Therefore, with an annuity due, each annuity payment accumulates an extra year of interest. This means that the future value of an annuity due is always greater than the future value of an ordinary annuity.When computing present value, each payment in an annuity due is discounted for one less year (because one of the payments is not made in the future- it is made at the beginning of this year and is already in terms of present dollars). This will result in a larger present value for an annuity due than for an ordinary annuity, as well.

Differentiate between ordinary annuity and annuity due?

In an ordinary annuity, the annuity payments are fed into the investment at the END of the year. In an annuity due, the payments are made at the BEGINNING of the year. Therefore, with an annuity due, each annuity payment accumulates an extra year of interest. This means that the future value of an annuity due is always greater than the future value of an ordinary annuity.When computing present value, each payment in an annuity due is discounted for one less year (because one of the payments is not made in the future- it is made at the beginning of this year and is already in terms of present dollars). This will result in a larger present value for an annuity due than for an ordinary annuity, as well.

What is the formula for future value of ordinary annuity?

FVoa = PMT [((1 + i)n - 1) / i]FVoa = Future Value of an Ordinary AnnuityPMT = Amount of each paymenti = Interest Rate Per Periodn = Number of Periods

When there is only one compounding period in a ordinary annuity the table factor for future value is always 1?

True

What happens to the present value of an annuity if the future value of an annuity is increased?

It increases

What is the Difference between the future value of annuity and sinking fund?

future value of an annuity is a reciprocal of a sinking fund

How do you define the value of value?

I need a answer how do you know when to use future value or present value and future value of a annuity and present value of annuity Please help

What is the future value on an ordinary annuity of 12000 dollars per year for three years at 9 percent interest compounded annually?

39,337.20

What happens to the future value of an annuity if you increase the rate?

The future value will go up.

How is present value annuity factor calculated?

The present value annuity formula is used to simplify the calculation of the current value of an annuity. A table is used where you find the actual dollar amount of the annuity and then this amount is multiplied by a value to get the future value of that same annuity.

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