Directions Solve the folowing problems. Whe your ancmrs in te blanks provide. Round ail answers to the newest cet. A Find the amount of the following ordinary annuities and interest earned, Amount of Time Amount of Interest Each Deposit Period Rate Years). “anmuty tamed 1.81500 annually 10% = 10 2. $3,000 semiannually 8% 5 3. $6500 quarterly 6% 8 4,810,000 annuslly 10% 6 5. $15,000 quarterly 8% 4 8. Find the amount of the following annuities due and interest earned. Amount of Time Interest Fach Deposit Period Rate (Years) farmed 6. $2500 annually 12% = 10 7. $4,000 semiannually 6% 5 8.57500 quanely 8% 8 9. $12,000 annually 10% = — 10. $16,000 quarterly 3 . Find the present value of the following annuities Poymene™” Eno Each cleus) resenene ne 11. $1,800 year 4 10% 12, $3300 6 months «= 8124 13, 5975 year 10 6% 14. $1,500 quarter 5 8% 15. $22,300 6 months. 7 os 502 BUSINESS MATH USING EXCELDB, Find the amount of each payment needed to accumulate the indicated amount ima sinking fung, ‘Amount Money Ears Compounded Years Payment 16. $9,300 8% annually 6 17, $12,100 10% quarterly 8 18. $15,000 6% semiannually 19, $8,220 5% annually 20. $14,600 12% monthly E. Use Excel to complete the following problems, 21. Retrieve ch Tex01.xls from your student Data CD, ®. Enter a Formula in Column i to calculate the Percent of increase or Decrease irom Year 3 to Year 4. Refer to Chapter 3 to review Percent of Increase and Decrease, if needed, Format Column | for Percentage and 1 Decimal place © Save the file as ch1 TexOta.xbs, 22. Retrieve ch1 tex02.xs trom your student Data CD. 2. fnter formulas in Column € to calculate the Total Annuity Investment, Use the Present Value of Annuity Table and enter the Prevent Value Factors in Column F. Format for Number and 5 Decimal places citer formulas in Column to calculate the Present Value of Annuity investment. f 9: Enter formulas in Column H to calculate the Total Interest q & Format Columns G and H for Curreney, 0 Decimal places, and f. Save the file as ch? fexO2a.xbs HAPTER 11 © Annuities, Stocks, and Bonds 503