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For each of the cases shown in the following table, determine the amount of equal, annual, end-of-year deposits neccesary to accumulate the given sum at
For each of the cases shown in the following table, determine the amount of equal, annual, end-of-year deposits neccesary to accumulate the given sum at the end of the specified period. Assuming the stated annual interest rate.
Case | Sum to be Accumulated | Accumulation Period in years | Interest Rate |
---|---|---|---|
A | 5,000 | 3 years | 12% |
B | 100,000 | 20 years | 7% |
C | 30,000 | 8 years | 10% |
D | 15,000 | 12 years | 8% |
P5-42 Only please. Cases A-D
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