Question 8:

Martin wants to receive $1200 at the end of every year for 10 years. Interest is 5% compounded annually.

Report monetary values to the nearest cent.

a) How much should Martin deposit at the beginning of the 10-year period to receive these payments?

P/Y =

C/Y =

N =

I/Y =	PV = $
PMT = $	FV = $

b) How much would Martin receive in total? $ c) How much of what Martin would receive is interest? $

Question 9:

Tadeo inherited a sum of money that was invested in a savings account providing him with $700.90 at the end of each month for 25 years. The account earned interest of 3.06% compounded semi-annually. Round all the monetary values to two decimal places.

Enter the Given Information:

BGN: BGN
N=	I/Y= %	PMT=
FV=	P/Y=	C/Y=

a) What was the amount of the inheritance?

PV= $

b) How much interest was earned in the account during the term?

I= $

Question 7 Adriana invested $130 at the end of every six months for 44 years, followed by $290 at the end of every six months for 10 years. Her investment earned 8% compounded semi-annually for the entire 14 year period.

Answer the following questions, and round all answers to two decimal places if necessary. How much will Adriana have in the account after 4 years? P/Y = C/Y = N = I/Y = % PV = $ PMT = $ FV = $ How much will Adriana have in the account after 14 years? P/Y = C/Y = N = I/Y = PV = $ PMT = $ FV = $