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table is provided. answer is $2215 11 Use the table in question 8 to answer the following questions, to the nearest dollar. a What would
table is provided.
answer is $2215
11 Use the table in question 8 to answer the following questions, to the nearest dollar. a What would be the future value of an $820 per quarter annuity at 8% p.a. for 2 years, with interest compounding quarterly? b What is the value of an annuity that would provide a future value of $98375 after 6 years at 3% p.a. compound interest? c An annuity of $3800 per half-year is invested at 4% p.a. compounded six-monthly for 4 years. What will be the amount of interest earned? 6% 7% End of year 1 3% 1.0000 2.0300 8% 1.0000 1.0000 2 2.0700 2.0800 Future value of $1 5% 1.0000 1.0000 1.0000 2.0400 2.0500 2.0600 3.1216 3.1525 3.1836 4.2465 4.3101 4.3746 5.4163 5.5256 5.6371 6.6330 6.8019 6.9753 3 3.0909 3.2149 3.2464 4.5061 4 4.1836 4.4399 5 5.3091 5.7507 5.8666 6 6,4684 7.1533 7.3359 Step by Step Solution
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