Question
Q1-Calculate the future value of the following ordinary simple annuity. Periodic Payment $900 Payment Period Every 3 months Term of Annuity 5 years Interest Rate
Q1-Calculate the future value of the following ordinary simple annuity.
Periodic Payment $900
Payment Period Every 3 months
Term of Annuity5 years
Interest Rate 4.30%
Compounding Frequency Quarterly
Q2-Calculate the present value of an ordinary general annuity, given periodic payments of$1,200, payments made every 3 months, with a term of 11 years and 3 months, and with an interest rate of4.75%compounded semi-annually.
Q3-Calculate the accumulated value of end-of-quarter payments of $700 made at the interest rate of 7.75% compounded semi-annually for 4 years?
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