Question
Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to
Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest ten dollars.)
$200 deposited monthly for 11 years at 5% per year FV = $ Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.)
$1,200 is deposited quarterly for 20 years at 4% per year FV = $ Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. HINT [See Quick Example 2.] (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.)
$40,000 in a fund paying 7% per year, with monthly payments for 5 years PMT = $ Determine the periodic payments PMT on the given loan or mortgage. (Round your answer to the nearest cent.) $200,000 borrowed at 7% for 7 years, with quarterly payments PMT = $
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