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FV and PV of annuity due annually test with answers
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FINC 330 Homework #3A ( FV and PV of annuity due annually)
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Homework #3A (FV and PV of annuity due annually)Question 1
Future Value (FV) of an Annuity Due (Pay at Beginning of Period)
http://www.calculatorsoup.com/calculators/financial/future-value-cash-flows-
calculator.php
http://www.financeformulas.net/Future-Value-of-Annuity-Due.html
( 1+r )∗PMT [ ( 1+r )n −1
r ]
What is the accumulated sum of the following stream of payments? $27,707 every year at the
beginning of the year for 6 years, at 6.05 percent, compounded annually. Round the answer to
two decimal places.
Answer:
205,215.95
Question 2
Present Value (PV) of an Annuity Due (Pay at Beginning of Period)
http://www.calculatorsoup.com/calculators/financial/present-value-cash-flows-
calculator.php
( 1+r )∗PMT [ 1−( 1+ r )−n
r ]
You have accumulated some money for your retirement. You are going to withdraw $66,911
every year at the beginning of the year for the next 15 years starting from today. How much
money have you accumulated for your retirement? Your account pays you 8.30 percent per year,
compounded annually. To answer this question, you have to find the present value of these cash
flows. Round the answer to two decimal places.
Answer:
609,057.23
This study source was downloaded by 100000872281541 from CourseHero.com on 09-26-2023 07:18:24 GMT -05:00
https://www.coursehero.com/file/41237560/FINC-330-Homework-3A-FV-and-PV-of-annuity-due-annuallydocx/
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