Question
A. Refer to Narrative 12-1. Angie needs to have an annuity payment of $1,300, at the BEGINNING of each year for 10 years. How much
A. Refer to Narrative 12-1. Angie needs to have an annuity payment of $1,300, at the BEGINNING of each year for 10 years. How much should she deposit now at 10% interest, compounded annually, to yield this payment?
B. Refer to Narrative 12 - 1. Alicia deposited $1,300, at the BEGINNING of each year for 9 years in an account at her credit union. If the account paid 11% interest, compounded annually, find the future value of her account.
C. Refer to Narrative 12-1.Jan purchased a new tool set costing $899.99 by taking out a 7.25% add - on installment interest from her credit union. She is paying the loan in equal payments over one year. How much are Jan's monthly payme nts? (Round to the nearest cent)
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