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TVM Problems Set # 2 Write your answers in theNAMEand indicate your inputs after the questions. Due in class at 1 : 0 0 on
TVM Problems Set #Write your answers in theNAMEand indicate your inputs after the questions. Due in class at : on October You invest $ today in a savings account paying How much will you have in your account at the end of years: aWith annual compounding?bWith monthly compounding?Sam decides to invest $ per year for years. How much will he have in his account ifinterest is compounded annually?What will the ending balance be in years if an investment is made of $ today andit earns compounded monthly?Virginia can buy a piece of property for $ cash OR for $ down and $ in years. If money is earning compounded annually, which is the better purchase plan? Which has the lowest PVBetsy can purchase a piece of property for $ cash OR for $ in months. Which is the better plan if she is earning on her money, compounded monthly?How much should Lauren pay for an annuity of $ per year for years assuming interest compounded annually?Dr and Mrs McNamara want to provide for a $ scholarship every year forever. Ifthe school can get a return on its investment, how much money should they donate now for this perpetuity?Knox makes a $ annual deposit into a mutual fund that produces a return of annually for years. How much will Knox have at the end of the threeyear term?Mazie saves $ per month in an IRA account for years at interest compoundedmonthly. How much will Mazie have at the end of years?Assume Murfreesboro's population is expected to increase at a rate of per year for thenext ten years. If the current population is what is the expected population at the end of the next ten years?
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