Question
Compound annuity) What is the accumulated sum of each of the following streams of payments? a. $ 520 year for 9 years compounded annually at
Compound annuity) What is the accumulated sum of each of the following streams of payments?
a. $ 520 year for 9 years compounded annually at 11percent.
b. $ 108 year for 6 years compounded annually at 9 percent.
c. $ 33 year for 12 years compounded annually at 13 percent.
d. $ 24 year for 5 years compounded annually at 4 percent.
A. What is the accumulated sum of $ 520 year for years compounded annually at 11 percent?
$(Round to the nearest cent.)
B. What is the accumulated sum of $ 108 a year for 6 years compounded annually at 9 percent?
$ (Round to the nearest cent.)
C. What is the accumulated sum of $ 33 year for 12 years compounded annually at 13 percent?
$ (Round to the nearest cent.)
D. What is the accumulated sum of $ 24 year for 5 years compounded annually at 4 percent?
$ (Round to the nearest cent.)
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