e. Suppose California's population is 36.6 million people, and its population is expected to grow by...

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e. Suppose California's population is 36.6 million people, and its population is expected to grow by 3% annually. How long will it take for the population to double? Round your answer to the nearest whole number. years f. Find the PV of an ordinary annuity that pays $1,000 each of the next 5 years if the interest rate is 15%. Then find the FV of that same annuity. Round your answers to the nearest cent. PV of ordinary annuity: $ FV of ordinary annuity: $ g. How will the PV and FV of the annuity in part f change if it is an annuity due rather than an ordinary annuity? Round your answers to the nearest cent. PV of annuity due: $ FV of annuity due: $ h. What will the FV and the PV for parts a and c be if the interest rate is 10% with semiannual compounding rather than 10% with annual compounding? Round your answers to the nearest cent. FV with semiannual compounding: $ PV with semiannual compounding: $ i. Find the annual payments for an ordinary annuity and an annuity due for 10 years with a PV of $1,000 and an interest rate of 8%. Round your answers to the nearest cent. Annual payment for ordinary annuity: $ Annual payment for annuity due: j. Find the PV and the FV of an investment that makes the following end-of-year payments. The interest rate is 8%. Year 1 Payment $100 2 $200 3 $500 Round your answers to the nearest cent. PV of investment: $ FV of investment: $ A nave interest annually B pays semiannually, C pays e. Suppose California's population is 36.6 million people, and its population is expected to grow by 3% annually. How long will it take for the population to double? Round your answer to the nearest whole number. years f. Find the PV of an ordinary annuity that pays $1,000 each of the next 5 years if the interest rate is 15%. Then find the FV of that same annuity. Round your answers to the nearest cent. PV of ordinary annuity: $ FV of ordinary annuity: $ g. How will the PV and FV of the annuity in part f change if it is an annuity due rather than an ordinary annuity? Round your answers to the nearest cent. PV of annuity due: $ FV of annuity due: $ h. What will the FV and the PV for parts a and c be if the interest rate is 10% with semiannual compounding rather than 10% with annual compounding? Round your answers to the nearest cent. FV with semiannual compounding: $ PV with semiannual compounding: $ i. Find the annual payments for an ordinary annuity and an annuity due for 10 years with a PV of $1,000 and an interest rate of 8%. Round your answers to the nearest cent. Annual payment for ordinary annuity: $ Annual payment for annuity due: j. Find the PV and the FV of an investment that makes the following end-of-year payments. The interest rate is 8%. Year 1 Payment $100 2 $200 3 $500 Round your answers to the nearest cent. PV of investment: $ FV of investment: $ A nave interest annually B pays semiannually, C pays

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Lets solve this stepbystep e Californias population is 366 million If it grows 3 ann... View the full answer