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Please answer all the questions that are included in this. Homework: Chapter 11: Ordinary Simple Annuities - FVA Score: 0 of 1 pt 1 of
Please answer all the questions that are included in this.
Homework: Chapter 11: Ordinary Simple Annuities - FVA Score: 0 of 1 pt 1 of 3 (0 complete) v 11.2.2 Deposits of $86.00 are made at the end of every quarter for 6 years. What will the deposits amount to if interest is 11% compounded quarterly? The future value is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Homework: Chapter 11: Ordinary Simple Annuities - FVA Score: 0 of 1 pt 2 of 3 (0 complete) 11.2.6 How much interest is included in the future value of an ordinary simple annuity of $1,900 paid every six months at 11% compounded semi-annually if the term of the annuity is 8 years? The interest is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Homework: Chapter 11: Ordinary Simple Annuities - FVA Save Score: 0 of 1 pt 3 of 3 (0 complete) HW Score: 0%, 0 of 3 pts 11.2.11 Question Help Cam saved $255 each month for the last five years while he was working. Since he has now gone back to school, his income is lower and he cannot continue to save this amount during the time he is studying. He plans to continue with his studies for five years and not withdraw any money from his savings account. Money is worth 5.7% compounded monthly (a) How much will Cam have in total in his savings account when he finishes his studies? (b) How much did he contribute? (c) How much will be interest? (a) The future value is S (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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