Question Type 1: Calculating the missing variable under annuity formula using technology Exercises

Calculate the present value of an ordinary annuity that pays $5 000 annually for 30 years at an annual interest rate of 3%.

Calculate the present value required to fund $10 000 annual payments for 40 years at 3.5% interest.

Determine the annual payment required to amortize $75 000 over 10 years at 6% interest.

Determine the annual payment required to amortize a loan with present value $100 000 over 20 years at an interest rate of 5% per annum.

Find the annual payment to amortize a $60 000 loan over 18 years at an interest rate of 3.2%.

Calculate the present value of an ordinary annuity paying $8 000 yearly for 20 years at 4.5%.

A retiree wants to receive $3 000 at the end of each year for 25 years. Calculate the lump-sum amount needed today if the interest rate is 2.5%.

How many years are required for an ordinary annuity with payments of $1 200 per year to have a present value of $15 000 if the interest rate is 4%?

Find the number of annual payments required if you wish to accumulate a present value of $25 000 by making annual deposits of $2 000 at an interest rate of 4%.

Calculate the annual interest rate needed if a present value of $50 000 is to be converted into annual payments of $4 000 over 15 years.

Find the interest rate necessary so that a $30 000 present value yields $2 500 annually for 12 years.

Determine the interest rate if $20\text{,}000$ invested today provides annual withdrawals of $1\text{,}000$ for 20 years.