please i just need the answer of the types not the answer.

In Problems 2052: a. State the type, and b. Answer the question. 20. Find the value of a $1,000 certificate in 24 years if the interest rate is 12% compounded monthly. 21. You deposit $300 at the end of each year into an account pay. ing 12% compounded annually. How much is in the account in 10 years? 22. A 5-year term insurance policy has an annual premium of $300, and at the end of 5 years, all payments and interest are refunded. What lump-sum deposit is necessary to equal this amount if you assume an interest rate of 10% compounded annually? 23. What annual deposit is necessary to have $10,000 in 5 years if all the money is deposited at 9% interest compounded annually? 24. A $5,000,000 apartment complex loan is to be paid offin 10 years by making 10 equal annual payments. How much is each payment if the interest rate is 14% compounded annually? 25. The price of automobiles has increased at 6.25% per year. How much would you expect a S20,000 automobile to cost in 5 years if you assume annual compounding? 26. The amount to be financed on a new car is $9.500. The terms are 7% for 4 years. What is the monthly payment? 27. What deposit today is equal to 33 annual deposits of S500 into an account paying 8% compounded annually? 28. If you can afford S875 for your house payments, what is the loan you can afford if the interest rate is 6.5% and the monthly payments are made for 30 years? 29. What is the monthly payment for a home costing S125,000 with a 20% down payment and the balance financed for 30 years at 12%? 30. Ricon Bowling Alley will need $80,000 in 4 years to resurface the lanes. What lump sun would be necessary today if the owner of the business can deposit it in an account that pays 99 compounded semiannually? 14. Present value of an annuity (1 + - 1 15. PC) Sinking fund 1 - (1 +9 Classify the financial problems in Problems 16-19, and then answer each question by assuming a 12% Interest rate compounded armally 16. Find the value of a $1,000 certificate in 3 years. 17. Deposit $300 at the end of each year. What is the total in the account in 10 years? 18. An insurance policy pays $10,000 in 5 years. What lump-sum deposit today will yield $10,000 in 5 years? 19. What annual deposit is necessary to give S10,000 in 5 years? TEXT compounded semiannually? 31. Rita wants to save for a trip to Tahiti, so she puts $2.00 per day into a jar. After 1 year she has saved $730 and puts the money into a bank account paying 10% compounded annually. She continues to save in this manner and makes her annual S730 deposit for 15 years. How much does she have at the end of that time period? 32. Karen receives a $12,500 inheritance that she wants to save un- til she retires in 20 years. If she deposits the money in a fixed 11% account, compounded daily On - 365), how much will she have when she retires? 33. You want to give your child a million dollars when he retires at age 65. How much money do you need to deposit into an account paying 9% compounded monthly if your child is now 10 years old? Cupang Band Mayhem Buch, we speed boat talanolaiyalay 566 CHAPTER 11 The Nature of Financial Management 34. An accounting firm agrees to purchase a computer for S150,000 (cash on delivery) and the delivery date is in 270 days. How much do the owners need to deposit in an account paying 18% compounded quarterly so that they will have $150,000 in 270 days? 35. For 5 years, Thompson Cleaners deposits 5900 at the end of each quarter into an account paying 8% compounded quarterly. What is the value of the account at the end of 5 years? 49. The Fair View Market must be remodeled in 3 years. It is estimated that remodeling will cost $200,000. How much should be deposited now (to the nearest dollar) to pay for this remodeling if the account pays 10% compounded monthly? 50. A laundromat will need seven new washing machines in 2 years for a total cost of $2,900. How much money (to the nearest dollar) should be deposited now to pay for these machines? The interest rate is 11% compounded semiannually