Statistics

Find the future value of an ordinary annuity if payments are made in the amount R and interest is compounded as given. Then determine how much of this value is from contributions and how much is from interest R= 9,500; 3% interest compounded semiannually for 6 years. The future value of the ordinary annuity is $ (Round to the nearest cent as needed.) The amount from contributions is $ and the amount from interest is s.(Round to the nearest cent as needed.) A company will need $35,000 in 8 years for a new addition. To meet this goal, the company deposits money in an account today that pays 12% annual interest compounded quarterly. Find the amount that should be invested to total $35,000 in8 years. Find the compound amount for the deposit and the amount of interest earned. $550 at 2.1% compounded semiannually for 19 years The compound amount after 19 years is $. (Do not round until the final answer. Then round to the nearest cent as needed.) The amount of interest earned is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Find the simple interest. Assume a 360-day year. $8519.01 at7.5% for74 days Fritz buys a car costing $24,300. He agrees to make payments at the end of each monthly period for 8 years. He pays 8.4% interest, compounded monthly. What is the amount of each payment? Find the total amount of interest Fritz will pay