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1.) Find the future value for the ordinary annuity with the given payment and interest rate. PMT = $850; 1.15% compounded semiannually for 3 years.
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Find the future value for the ordinary annuity with the given payment and interest rate. PMT = $850; 1.15% compounded semiannually for 3 years. The future value of the ordinary annuity is $ (Do not round until the final answer. Then round to the nearest cent as needed.)Find the future value for the ordinary annuity with the given payment and interest rate. PMT = $3,000; 1.45% compounded quarterly for 12 years. The future value of the ordinary annuity is $ (Do not round until the final answer. Then round to the nearest cent as needed.)Find the amount of each payment to be made into a sinking fund earning 5% compounded monthly to accumulate S45, over 8 years. Payments are made at the end of each period. The payment size is 3|:l. [Do not round until the final answer. Then round to the nearest cent.)Step by Step Solution
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