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8. Acme Annuities recently offered an annuity that pays 6.9% compounded monthly. What equal monthly deposit should be made into this annuity in order to
8.
Acme Annuities recently offered an annuity that pays 6.9% compounded monthly. What equal monthly deposit should be made into this annuity in order to have $134,000 in 12 years? The amount of each deposit should be 3 33?.45 . (Round to the nearest Dent.) Brandon's savings account has a balance of $4069. After 4 years what will the amount of interest be at 5% com pound ed quarterly? Round to the nearest cent as needed. C) A. $10133 C) B. $899.?3 C) c. $83533 G) D. $894.?3 A person purchased a $177,904 home 10 years ago by paying 15% down and signing a 30-year mortgage at 9.6% compounded monthly. Interest rates have dropped and the owner wants to refinance the unpaid balance by signing a new 20-year mortgage at 5.7% compounded monthly. How much interest will refinancing save? Money Saved: $ (Round to the nearest cent as needed.)What will a $140300 house east 5 years from new if the price appreciation for homes over that period averages 4% compounded annually? (3' The future cast of the house will he #1. (Do not round until the final answer. Then mu nd to the nearest cent as needed}Step by Step Solution
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