Question
PLZ WRITE WILL ALL STEPS AND WRITE ON WORD NO EXCEL 1. Compute the future value of an ordinary annuity with BD 120 semi- annually
PLZ WRITE WILL ALL STEPS AND WRITE ON WORD NO EXCEL
1. Compute the future value of an ordinary annuity with BD 120 semi- annually payments at 5% annual interest for 25 years..
2. Find the future value of an ordinary annuity with BD 850 quarterly payments at 8% annual interest for 10 years and 6 months.
3. Determine the future value of an ordinary annuity with BD 70 monthly payments at 3% annual interest for 2345 days.
4. On March 18, Nada joined a saving account. Her bank will automatically deduct BD 170 from her checking account at the end of each month, and deposit it into her saving account, where it will earn 6% annual interest. The account comes to term on December 1. Find the following:
a. Find the future value of Nada's saving account.
b. Find Nada's total contribution to the account.
c. Find the total interest earned on the account.
5. Khalid recently set up a tax-deferred annuity to save for his retirement. He arranged to have BD 95 taken out of each of his monthly checks; it will earn 8% annual interest. He just had his 20 birthdays, and his ordinary annuity comes to term when he is 60. Find the following:
a. Find the future value of Khalid's annuity.
b. Find Khalid's total contribution to the annuity.
c. Find the total interest earned on the annuity.
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