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9. [-/1 Points) DETAILS BRECMBC9 12.11.019.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Kyla wants to have an annuity deyment of $400, at the end
9. [-/1 Points) DETAILS BRECMBC9 12.11.019.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Kyla wants to have an annuity deyment of $400, at the end of each six months. Use the appropriate formula to find how much she should deposit (in $) now at 6% interest, compounded semiannually to yield this payment for 18 years. [Round your answer to the TIS.) $ Need Help? Podle Watch It Master it Read It 10. (-/1 Points) DETAILS BRECMBC9 12.11.020, MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Salve by using formules (Round your answer to the nearest cont.) Present value (in s) of an annuity due Annuity Payment Time Nominal Interest Payment Frequency Period (years) Rale (%) Compounded Present Value of the Annuity $1,400 every year 5 5.6 annually Need Help? Read It 11. [-/1 Points) DETAILS BRECMBC9 12.11.022.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER A bank pays 6% interest, compounded semiannually. Use the appropriate formula to find how much should be deposited (in $) now to yield an annuity payment of $500 at the beginning of each six months, for 12 years. (Round your answer to the nearest cent.) $1 Need Help? Read the Master it it It 12. (-/1 Points) DETAILS BRECMBC9 12.11.024. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Norm Legend has been awarded a scholarship from Canmore College. For the next 4 years, he will receive $2.400 for tuition and books at the beginning of each quarter. How much in s) must the school set aside now in an account eaming 7% interest Currounded quererly lo pay Nou's scholarship? (Round your answer to the nearest cerit.) $ Need Help? Pred It
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