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what formula should I use for this and also how would it be written out? (question 4) N=18 I=.75 FV=40,000 Chapter Review Problems Unit 13.1

what formula should I use for this and also how would it be written out? (question 4)
N=18
I=.75
FV=40,000
image text in transcribed
Chapter Review Problems Unit 13.1 Sing funds 1. Uncle Ted promises to gave his nece Beth 500 om herth Birthday. years from now. Uncle Toda composed quarterly. What amount could Uncle Tet deposit today in a plan so that the plan wollte required in yean? 2. Refer to Problem. Instead, Uncle Tod elects to make quarterly deposits into the plan (starting in 3 months and the required quarterly deposit Refer to Problems 1 and 2. If Uncle Ted deposits $4,700 today, what additional amount must be deposit them cach quarter? 4. While your dentist is filling a cavity in one of your teeth, he is talking with his dental assistant about the new dental ment he wants to buy in 4 years for $40.000. He wonders bow much money he must deposit at the end of each que to accumulate 540/60. You get his attention and tell him if he will quit drilling for a minute you will help him calcat the amount. What amount is required if he can earn 3 compounded quarterly For Problemes 9.7, help a Brinisk auto manufacturer make calculations on some fonds. The company issues 186.500.000 bu sayeder bod penale in assembly time. Terms of the bond require annual interest payments to bondholder animal deposits to sinkine fanel for retirement of the bonds when they mature 5. How much interest must the corporation pay to the beholders each year! 6. Assuming the corpore can compounded animally on its king fund, how much most it deposition at the end of each year? 7. What is the total amount the corporation needs cachycar to meet its obligations on the bonds? 8. Kristi just turned 28 and can save $10 per monthstartingin mooth. If Kristi con carn 8 compounded man ape will she be when she accumulates 1.000.000 1

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