Calculate the present value of the annuity

Reference no: EM131977656

Question: 1. Calculate the present value of the annuity. (Round your answer to the nearest cent.) $1400 monthly at 6.3% for 30 years.

2. Determine the payment to amortize the debt. (Round your answer to the nearest cent.) Quarterly payments on $11,500 at 3.6% for 6 years.

3. Find the unpaid balance on the debt. (Round your answer to the nearest cent.) After 5 years of monthly payments on $150,000 at 3% for 25 years.

Reference no: EM131977656

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