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Find the following accumulated values on December 31, 2020. a) $5000 is invested every two months to an account earning i= 7% starting on January
Find the following accumulated values on December 31, 2020.
a) $5000 is invested every two months to an account earning i=7% starting on
January 1, 2015.
b) Payments of $40,000 are made every October 31 for 8 years with the first
payment in 2011. Use 6% interest.
c) $5000 is invested on February 1, 2019 into an account paying 7.5% simple
interest.
d) Payments are made continuously over 2013-2020 at the payment rate of
rate of $15,000 per year Use a 7% force of interest.
.
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