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A) Find the future values of the ordinary annuities at the given annual rate r compounded as indicated. The payments are made to coincide with
A) Find the future values of the ordinary annuities at the given annual rate r compounded as indicated. The payments are made to coincide with the periods of compounding. (Round your answer to the nearest cent.)
PMT = $160, r = 7.9%, compounded weekly for 50 years
B) Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the given conditions. (Round your answer to the nearest cent.)
FV = $2,000,000, r = 2.1%, compounded weekly for 10 years
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