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b . What is the relationship between the present - value factor and the annuity present - value factor? c . i . What will
b What is the relationship between the presentvalue factor and the annuity presentvalue factor?
c i What will $ invested for years at percent compounded annually grow to
ii How many years will it take $ to grow to $ if it is invested at percent compounded annually?
iii. At what rate would $ have to be invested to grow to $ in years?
d Calculate the future sum of $ given that it will be held in the bank for years and earn percent compounded semiannually.
e What is an annuity due? How does this differ from an ordinary annuity?
What is the present value of an ordinary annuity of $ per year for years discounted back to the present percent? What would be the present value if it were an annuity due?
g What is the future value of an ordinary annuity of $ per year for years compounded at percent? What would be the future value if it were an annuity due?
h You have just borrowed $ and you agree to pay it back over the next years in equal endofyear navments nlus nercent commound interest nn the unnaid halance. What will he the size of these navments?
$Round to the nearest cent.
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