Question
Complete or fill in the entire chart for the annuities in the Table below by filling in all the blanks. Show ALL work below for
Complete or fill in the entire chart for the annuities in the Table below by filling in all the blanks. Show ALL work below for partial marks eligibility if your answer is incorrect
# | Payment and frequency (PMT) | Time in years (n) | Interest rate and compound frequency (I/Y) | Present Value (PV) | Future Value (FV) |
a) | $250 at end of every three months | 12 years | 3% compounded monthly |
$______________ |
Not Applicable |
b) | $90 per end of month |
__________years | 4 % compounded quarterly |
Not Applicable |
$15,000 |
c) | $500 at the beginning of every 3 months |
10 years |
____________% compounded monthly |
Not Applicable |
$30,000 |
d) | $20,000 at the beginning of every year | 5 years | 7% compounded quarterly |
Not Applicable |
_$_____________ |
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