Question
1) You deposit $4,678 at the beginning of each of the next 25 years at an interest compounded annually of 7.43%. Determine the amount at
1) You deposit $4,678 at the beginning of each of the next 25 years at an interest compounded annually of 7.43%. Determine the amount at maturity. 2) Determine the amount you will need to deposit in each of the next 30 years at 4% interest compounded annually if you want to withdraw the amount of $150,000 at maturity. 3) Determine the amount you will have to pay today for an annuity with interest compounded annually of 5% if you want to receive $50,000 in each of the next 20 years. 4) Your grandfather paid for an annuity in the amount of $3,000,000 at 7% compounded annually and you are the beneficiary, Determine the amount you will be receiving in each of the next 40 years.
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