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24. What is the table factor that you would find on the present value of a $1 Annuity for 30 years and 6.5% compounded monthly?
24. What is the table factor that you would find on the present value of a $1 Annuity for 30 years and 6.5% compounded monthly? 25. If you invest $11,000 in a mutual fund today, and it grows to be $50,000 after 8 years, what compound annual rate of return did you earn? 26. Find the compound value of a $125, ten-year ordinary annuity at 6 percent annual interest if the payment at the end of year 6 is omitted. $125 $125 $125 $125 $125 $125 $125 $125 $125 I_ _ I_________ 0 1 2 3 4 5 6 7 8 9 10
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