Question
Determine the accumulated value of an annuity of $500 at the end of each month for 4 years at 9% compounded monthly. A man deposits
Determine the accumulated value of an annuity of $500 at the end of each month for 4 years at 9% compounded monthly.
A man deposits R dollars every 3 months beginning March 17, 2010, to September 17, 2013, after which he deposits 2R dollars beginning December 17, 2013, until June 17, 2019, at which time he will have $25 000. If he can earn j4 = 6% on his money, what is R?
Determine the accumulated value of an annuity of $50 a month for 25 years if interest is a) 8% compounded monthly, b) j12 = 3%.
Determine the discounted value of an annuity of $380 at the end of each half-year for 3 years at a) j2 = 8%, b) j2 = 6%, c) j2 = 10.38%.
Diana has an insurance policy with a cash value at age 65 that will provide payments of $1500 a year for 15 years, first payment at age 66. If the insurance company pays j1 = 5% on its funds, what is the cash value at age 65?
An annuity pays $R per month starting February 1, 2014, and ending January 1, 2017 (inclusive). If the value of this annuity on January 1, 2017, is $8000 and j12 = 7.2%, what is its value on January 1, 2014?
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