1A:

Consider an Annuity Due that makes equal quarterly payments of $887 at the beginning of each quarter for 8 years with the first payment made later today. Find the value of the annuity today if the interest rate is currently 3.52%.

Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," or any other formatting. Carry interim computations to at least 4 decimals.

Enter numerical answers as a positive number rounded to 2 decimal places (###.##)

1B:

Find the future value of an annuity due that pays $473 at the beginning of each year for the next 10 years if the interest rate is 11.04% and the next payment will be made later today.

Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," or any other formatting. Carry interim computations to at least 4 decimals.

Enter numerical answers as a positive number rounded to 2 decimal places (###.##)

1C:

Suppose Linda makes equal semiannual deposits at the beginning of each semiannual period starting immediately. How much must she deposit every six months to reach her goal of $74,380 in 8 years from today if she can earn 4.00% on deposits?

Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," or any other formatting. Carry interim computations to at least 4 decimals.

Enter numerical answers as a positive number rounded to 2 decimal places (###.##)