Question
1.Find the present value of the following ordinary annuities. Round your answer to the nearest cent. Amount per Payment Payment at End of Each Time
1.Find the present value of the following ordinary annuities. Round your answer to the nearest cent.
| Amount per Payment | Payment at End of Each | Time (Years) | Rate of Investment | Present Value |
| $3,300 | 6 months | 8 | 12% | $ |
2. Find the amount of the following annuities due and interest earned. Round your answer to the nearest cent.
| Amount of Each Deposit | Period | Rate | Time (Years) | Amount of Annuity |
| $7,500 | quarterly | 8% | 8 | $ |
3.Find the amount of each payment needed to accumulate the indicated amount in a sinking fund. Round your answer to the nearest cent.
| Amount | Money Earns | Compounded | Years | Payment |
| $9,300 | 8% | annually | 6 | $ |
4.Find the amount of each payment needed to accumulate the indicated amount in a sinking fund. Round your answer to the nearest cent.
| Amount | Money Earns | Compounded | Years | Payment |
| $8,220 | 5% | annually | 9 | $ |
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Beating The Finacial Futures Market 2023 Deluxe Edition Almanac
Authors: Art Collins
1st Edition
979-8375310534
