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A 10-year annuity pays $1,850 per month, and payments are made at the end of each month. If the APR is 12 percent compounded mon

Fittoniya [83]

Based on the amount the annuity pays per month and the APR, the value of the annuity today is $133,349.85.

<h3>What is the present value of the annuity?</h3>

First, find the present value of the annuity at 5 years:

= 1,850 x present value interest factor of annuity, 60 months, 8/12%

= 1,850 x 49.32

= $91,242

Then find the present value of the annuity from 5 years till date:

= (1,850 x present value interest factor of annuity, 60 months, 12/12%) + ( 91,242) / (1 + 1%)⁶⁰)

= (1,850 x 44.955) + ( 91,242) / (1 + 1%)⁶⁰)

= $133,349.85

Find out more on the present value of annuities at brainly.com/question/24097261.

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4 0

1 year ago

I have one last question I need help with.

klio [65]

Just the first one, r is 4x+2, and h is 5x+4, plug them into the formula pls

7 0

3 years ago

Angles 1 and 2 are complementary. If angle 1 = 35, then what is the measure of angle 2?

enot [183]

Answer:

doge

Step-by-step explanation:

EAnswers avatar

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4 0

2 years ago

The graph of which function has an amplitude of 3 and a right phase shift of ?

cricket20 [7]

Answer:

The first one

Step-by-step explanation:

The amplitude is usually the first number (for example, in this equation, the 3). Then you also know that the right or left shift depends on the addition or subtraction sign. Usually, the subtraction sign means to the right and the addition sign means to the left.

8 0

2 years ago

Read 2 more answers

How many lines of symmetry does the middle shape have ?

alina1380 [7]

Answer:

<h2>Three</h2>

The answer is that the shape has three lines of symmetry, one from each vertex to the middle of the opposite side.

Step-by-step explanation:

5 0

3 years ago

Read 2 more answers