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Need help solving some questions, that Im using to study for my final. Find the future value of each annuity due. Then determine how much
Need help solving some questions, that Im using to study for my final. Find the future value of each annuity due. Then determine how much of this value is from contributions and how much is from interest. Payments of $370 made at the beginning of each quarter for 11 years at 5.4% compounded quarterly The future value of the annuity due is $ (Do not round until the final answer. Then round to the nearest cent as needed.) In order to accumulate enough money for a down payment on a house, a couple deposits $245 per month into an account paying 6% compounded monthly. If payments are made at the end of each period, how much money will be in the account in 6 years? What is the amount in the account after 6 years? (Round to the nearest cent as needed.) Find the periodic payment which will amount to a sum of $11000 if an interest rate 6% is compounded annually at the end of 16 consecutive years. The periodic payment is $. (Round to the nearest cent.) A father opened a savings account for his daughter on the day she was born, depositing $1000. Each year on her birthday he deposits another $1000, making that last deposit on her 25 th birthday. If the account pays 4.75% interest compounded annually, how much is in the account at the end of the day on his daughter's 25 th birthday? How much interest has been earned? There is $ in the account at the end of the day on her 25 th birthday. (Tyoe an intecer or a decimal. Round to the nearest cent as needed.)
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