Annuity and Sinking Fund

Ordinary annuity is paid or received at the _______ of the time periods.

• beginning

• end

• middle

• quarter

Tags

CCSS.HSA.SSE.B.4

Annuity Due is an annuity that is paid or received at the ____________ of the time period

• end

• beginning

• middle

• quarter

Find the amount of an annuity after 5 years if a deposit of $ 100 is made each year, at 10% compounded annually. How much interest is earned?

• $ 6.1051

• $ 610.51

• $ 110.51

• $ 1110.51

Tags

CCSS.HSF.BF.A.2

You deposit $520 into an annuity at the end of each month for 11 years collection 2.09% interest. How much will this grow to?

• $77,096.10

• $82,087.21

• $74,127.12

• $80,341.15

Tags

CCSS.HSF.BF.A.2

______ is a series of constant cashflows over a limited period of time.

• Perpetuity

• Annuity

• Present value

• Future value

Sinking fund is set aside at the beginning of a business.

• True

• False

You deposit $350 into an annuity at the end of each month for 15 years collection 1.8% interest. How much will this grow to?

• $72,263.21

• $70,458,09

• $74,187,43

• $68,912.65

Tags

CCSS.HSF.BF.A.2

You deposit $810 into an annuity at the end of each month for 8 years collection 3.1% interest. How much will this grow to?

• $88,122.83

• $85,807,45

• $86,009,80

• $83,769.03

Tags

CCSS.HSF.BF.A.2

Another term used for Future Value of an Annuity which is the sum of the compound amount of all payments, compounded to the end of term

• Maturity Value

• Expanded

• Complicated Value

• Present Value

A man agrees to paty $300 per month for 48 months to pay off a car loan. If interest of 12% per annum is charged monthly, how much did the car originally cost?

• $ 14,400

• $ 3007.81

• 
  $ 11392.19

• 
  

  $ 130.21