Find the future values of the ordinary annuities at the given annual rate r compounded as indicated. The payments are made to coincide with the periods of compounding. (Round your answer to the nearest cent.) PMT = $100, r = 2.5%, compounded monthly for 25 years = Additional Materials eBook -/1 Points] DETAILS TEAFM2 F.3.016. MY NOTES PRACTICE ANOTHER Find the periodic payment for each sinking fund that is needed to accumulate the given sum under the given conditions. (Round your answer to the nearest cent.) FV = $1,600,000, r = 3.7%, compounded monthly for 30 years $ An individual earns an extra $1500 each year and places this money at the end of each year into an Individual Retirement Account (IRA) in which both the original earnings and the interest in the account are not subject to taxation. If the account has an annual interest rate of 11.8% compounded annually, how much is in the account at the end of 35 years? (Round your answer to the nearest cent.) Additional Materials eBook New parents wish to save for their newborn's education and wish to have $30,000 at the end of 17 years. How much should the parents place at the end of each year into a savings account that earns an annual rate of 7.7% compounded annually? (Round your answers to two decimal places.) $ How much interest would they earn over the life of the account? $ Determine the value of the fund after 11 years. $ ta How much interest was earned during the 11th year? $ Additional Materials eBook A corporation creates a sinking fund in order to have $490,000 to replace some machinery in 11 years. How much should be placed in this account at the end of each quarter if the annual interest rate is 5.3% compounded quarterly? (Round your answers to the nearest cent.) How much interest would they earn over the life of the account? $ Determine the value of the fund after 2, 4, and 6 years. 2 years $ 4 years $ 6 years $ How much interest was earned during the third quarter of the 6th year? Additional Materials eBook