annuity

8 years ago, I took out a 20 yr mortgage of $100000 at an interest rate of 11.5% with monthly payments. The interest rate has changed to 12.5%. Originally I was repaying $1066.43 a month. Using the formula for present value of an annuity (and possibly future value of annuity if needed) a) How...

earning interest at the rate of? Suppose payments were made at the end of each quarter into an ordinary annuity earning interest at the rate of 9%/year compounded quarterly. If the future value of the annuity after 7 yr is $50,000, what was the size of each payment?

...account that earns 7.9% interest c? Invest $20,500 in a savings account at 5.4% interest compounded quarterly. As a financial planner a client comes to you for investment advice. After meeting with him and understanding his needs, you offer him the following two investment options:

...where n is the number of perio? The future value (F of n) of an annuity type of investment is given by the expression (F of n)= 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 $1,500 each year for...

If we wish to accumulate $8,000 by the end of 4 years, how much should the annual payments be?

...to accumulate $8,000 by the..? The IF for the future value of an annuity is 4.5 at 10% for 4 years. If we wish to accumulate $8,000 by the end of 4 years, how much should the annual payments be? THE OPTIONS ARE: A)$2,500 B)$2,000 C)$1,778 D)none of the above

...interest factors for the....? The interest factor for the future value of an annuity is simply the sum of the interest factors for the future value using the same number of periods. TRUE OR FALSE??

...the interest factors.....? The interest factor for the future value of an annuity is simply the sum of the interest factors for the future value using the same number of periods. IS IT TRUE OR FALSE??