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1 ) Cameron purchased an annuity that had an interest rate of 2 . 7 5 % compounded semi - annually. It provided him with
Cameron purchased an annuity that had an interest rate of compounded semiannually. It provided him with payments of $ at the end of every month for years. If the first withdrawal is to be made in years and month, how much did he pay for it
Melanie invested his savings in a bank at compounded monthly. How much money did he invest to enable withdrawals of $ at the beginning of every months from the investment for years, if the first withdrawal is to be made in years?
Kristen set up a fund that would pay his family $ at the beginning of every month, in perpetuity. What was the size of the investment in the fund if it was earning compounded semiannually?
A college plans to set up an endowment fund that will provide a scholarship of $ at the end of every quarter, in perpetuity. How much should the college invest in the fund, if the fund earns compounded quarterly?
If the market value of a telecommunications share is $ calculate the yearend dividends that it should be able to pay in perpetuity if money is worth compounded semiannually.
The Patchmans have decided to invest in a college fund for their young son. They invested $ in a deferred annuity that will pay their son at the beginning of every month for years, while he goes to college. If the account earns compounded monthly and the annuity payments are deferred for years, what will be the size of the monthly payments?
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