Question
2. A) If a series of 10 (ten) annual deposits of $ 1,000 are made at the end of each year (where the first deposit
2.
A) If a series of 10 (ten) annual deposits of $ 1,000 are made at the end of each year (where the first deposit occurs at the end of year 5) in a savings account that pays a nominal interest of 6% per year with semiannual capitalization What is the amount that will accumulate at the end of the series of deposits? B) A person has applied for a loan of $ 25,000 to a banking institution that charges an interest rate of 12% per year, compounded semi-annually. If she wants to repay the loan in eight equal annuities, where the first payment on the credit will occur at the end of the first year, determine the size (amount) of these annuities (8).
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