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13. Find the compound value of the following ten-year series of cash flows if the flows are invested at 8.5 percent annual interest. 200 200
13. Find the compound value of the following ten-year series of cash flows if the flows are invested at 8.5 percent annual interest. 200 200 200 0 200 200 200 200 200 200 t4 t10 14. A father is planning to provide a 10-year trust fund for his son Gabriel. The amount deposited today will remain untouched until the end of the 10th year, but will gain interest at a rate of 10 percent compounded annually. The money will then be transferred to another account, which pays 5 percent. The intent is that Gabriel will withdraw the money in four equal annual payments of $X,000 each beginning at the end of year 10. The fund, which will help to pay for his higher education will be completely depleted after four payments. What amount should Gabriel's father deposit today? 4k 4k 4k 4k to tio t 13 15. Jeff and Teara Rubysam need to take out a loan for $7,000. If their bank agrees to lend them the money at 8% per annum and they make 5 annual payments beginning one year from the lending date, what is the amount of each payment and prepare an amortization schedule to show the loan payoff schedule
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