Find the future value of the ordinary annuity. Interest is compounded annually, unless otherwise indicated.

Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period.$118,000; monthly payments for 8 years; interest rate 9%.

Suppose that on 1 January and on 1 July each year for the next 20years, James will pay ✩200 into the investment account of a company.In return, the company will pay James a monthly annuity (with allmonthly payments being the same) for 15 years. The first annuitypayment is made on the 1 January following James’ final payment of✩200.(a) Find the amount of the monthly annuity payment assuming a(nominal) compound interest rate of 12% per annum, compounding monthly.(b) Suppose instead that the monthly annuity commences one monthafter the final payment of ✩200. Find the revised monthly annuitypayment. Continue to assume a (nominal) compound interest rateof 12% per annum, compounding monthly.

Find the present value of an annuity with payments of $1,800 at the end of each year for 12 years. The interest rate is 8.5% compounded annually. Round to the nearest dollar.

Calculate the present value of an annuity due providing $200 every year for 4 years given the interest rate is 5%.Group of answer choicesNone of the options.$730.48$744.66$709.20

If $2000 is invested at an interest rate of 9% per annum, compounded annually, what will the value of the investment be after 6 years?