= You deposit $990 each month into an account earning (12) 4.9%. Suppose you make the first deposit today, and you make a total of 36 deposits. How much money is in the account 3 years after the last deposit? You need to buy insurance for your car. The insurance company is offering you one year's worth of insurance for $75 per month for one year (so there are a total of 12 payments, each at the start of each month). What is the present value of these payments? (Assume i(12) 1.2%) = You want to have an annuity that provides $32,000 at the end of each year for 25 years. However, the first payment will not occur until 18 years from today. How much is the annuity worth? Assume i(1) = 5.2%.