ly; compounded monthly, WI 18. An interest rate of 10% compounded continuously is desired on an invest- ment of $15,000. How many years will be required to recover the capital with the desired interest if $2,030 is received each year? Answer: 15 years Lunnuglof nayments for 12 years are equivalent to a series of equal a. end-of-year payme 20. Find the following equivalent amounts if the interest rate is 8% compound. ed annually. The present value of a series of prospective payments, $1,200 a year for 100 years. Answer: $14,993 The accumulated value of series of prospective payments, $12 a year for 100 years. The equal series of payments to be paid into a sinking fund to accumu- late $1,200,000 in 100 years. d. The equal series of payments to be made to repay a present amount of $120,000 in 100 years. b. c