Question
Please answer all 4 questions, will give thumbs up. thank you 1. $119,400 at 7.5% compounded continuously for 30 years What is the future value
Please answer all 4 questions, will give thumbs up. thank you
1. $119,400 at 7.5% compounded continuously for 30 years What is the future value after 15 years if you deposit $1,000 for your child's education and the interest is guaranteed at 1.9% compounded continuously? (Round your answer to the nearest cent.)
2.The owner of Sebastopol Tree Farm deposits $650 at the end of each quarter into an account paying 1.25% compounded quarterly. What is the value of the account at the end of 7 years? (Round your answer to the nearest cent.)
3. The owner of Oak Hill Squirrel Farm deposits $3,000 at the end of each quarter into an account paying 3.5% compounded quarterly. What is the value at the end of 5 years, 6 months? (Round your answer to the nearest cent.)
4. A business must raise $90,000 in 9 years. What should be the size of the owners' quarterly payment to a sinking fund paying 2% compounded quarterly? (Round your answer to the nearest cent.)
Please only respond if u can answer all questions. thanks.
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