Question
1)What payment needs to be made at the end of each year to accumulate $129496 over 15 years at 11.8% compounded semi-annually? Answer to two
1)What payment needs to be made at the end of each year to accumulate $129496 over 15 years at 11.8% compounded semi-annually? Answer to two decimals. Do not use $ signs or commas.
2)What payment must be made at the end of each month to accumulate $40500 over 32 years at 16.5% compounded quarterly? Answer to two decimals.
3)What payment needs to be made at the end of each month to pay off a loan of $594186 over 30 years at 9.2% compounded semi-annually? Answer to two decimals.
4)What payment needs to be made semi-annually at the end of each period to pay off a loan of $731228 over 30 years at 11% compounded monthly? Answer to two decimals.
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