Question
*ASAP PLZ..... What are the ba2plus calculator steps ? Q1: Deposits of $113.00 are made at the end of every year for 3 years. What
*ASAP PLZ..... What are the ba2plus calculator steps ?
Q1: Deposits of $113.00 are made at the end of every year for 3 years. What will the deposits amount to if interest is 5% compounded annually-answer is : 356.23
Q2: How much interest is included in the future value of an ordinary simple annuity of $1,800 paid every six months at 7% compounded semi-annually if the term of the annuity is 9.5 years?- answer: 13242.92
Q3:Troy is saving for his retirement 21 years from now by setting up a savings plan. He has set up a savings plan wherein he will deposit $132.00 at the end of every threemonths for the next 10 years. Interest is 5% compounded quarterly.
(a) How much money will be in his account on the date of hisretirement?
(b) How much will Troy contribute?
(c) How much will beinterest?
-answer: The sum of thepayments:
40132.00=5,280.00
The future value of the account minus the sum of thepayments:
11,740.175,280.00=6460.17
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started