Question
Q1 thirteen years ago, you deposited 2400$ into a super annulation fund eight years ago you added on additional 1000$ to this account you earned
Q1 thirteen years ago, you deposited 2400$ into a super annulation fund eight years ago you added on additional 1000$ to this account you earned 8% compounded annually for the first 5 years and 6% compounded semi-annually for the last 8 years.
A: compute the effective annual interest rate you got in the last 8 years?
B: how much money do you have in your a/c today?
c: if you wish to have 10000$ what would be the interest rate compounded annually be in the last 8 years?
D: Assume that from now you will put exactly 5000$ at end of each year 9% semi-annually compound how much would you have ?
e compute amount of money you would accumulate by cash in 15 years is 5000 into your beginning 9% interest rate semi-annually?
f) when you achieve if the super annulation fund status to pay you the income of 25000$ per year final commute present value of that income how at the 1st day of your achievement if rate is 5% per year?
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