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I DONT NEED TO FULL WAY TO DO IT, I ONLY NEED THE ANSWERS, THANK YOU. Q1: Q2: Q3: Q4: A 5-year indexed annuity was
I DONT NEED TO FULL WAY TO DO IT, I ONLY NEED THE ANSWERS, THANK YOU.
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Q2:
Q3:
Q4:
A 5-year indexed annuity was purchased in which the end-of-quarter payments start at $1350 and diminish by 0.4% per payment. If interest is 5.8% compounded quarterly, what amount was initially paid for this annuity? The amount that was initially paid for this annuity was $ 48785.01 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) To attend school, Joshua deposits $100 at the end of every month for five and one-half years. What is the accumulated value of the deposits if interest is 12% compounded quarterly? The accumulated value is $ 1389996.09 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Find the present value of the following ordinary annuity. Term Interest Rate Periodic Payment $84.00 Payment Interval Conversion Period annually 6 months 6 years 11% The present value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Sally has accumulated a sizeable balance in her investment fund. She wants to make annual withdrawals for 16 years starting with $9600 and decreasing (negative growth) by 3.6% thereafter. (a) What will be the size of the 16th withdrawal? (Hint: Let k = -3.6%.) (b) What will be the total amount withdrawn? a) The size of the 16th withdrawal will be $ 5538.94 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) b) The total amount withdrawn will be $ 118346.13 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)Step by Step Solution
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