Question
What is the accumulated sum of each of the following streams of payments? a. $520 a year for 9 years compounded annually at 9 percent.
What is the accumulated sum of each of the following streams of payments?
a. $520 a year for 9 years compounded annually at 9 percent.
b. $108 a year for 7 years compounded annually at 8 percent.
c. $38 a year for 13 years compounded annually at 11 percent.
d. $25 a year for 4 years compounded annually at 5 percent.
a. What is the accumulated sum of $520 a year for 9 years compounded annually at 9 percent? $ nothing(Round to the nearest cent.)
b. What is the accumulated sum of $108 a year for 7 years compounded annually at 8 percent? $ nothing(Round to the nearest cent.)
c. What is the accumulated sum of $38 a year for 13 years compounded annually at 11percent? $ nothing(Round to the nearest cent.)
d. What is the accumulated sum of $25 a year for 4 years compounded annually at 5 percent?
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