6. A woman deposits $380 of her quarterly cheque into an annuity for the education of her child. Shedoes this at the beginning of each quarter for 4 years into an account paying 8% per year,compounded quarterly. Find the amount of the annuity and the interest earned.7. A company paid $302.40 for an item. The original price was $391.80, but this was marked down40%. If the operating expenses are 36% of the cost, find the operating loss and the absolute loss.

As PER POLICY I HAVE CALCULATED FIRST MAIN QUESTION Here use future value formula

Answered: 6. A woman deposits $380 of her…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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John and Rosamond want to retire in 5 years and can save $170 every three months. They plan to deposit money at the end of each quarter into a account paying 6.72% compounded quarterly. How much will they have at the end of 5 years? Round to nearest cent.
Jesse purchases a retirement annuity that will pay him $1,500 at the end of every six months for the first nine years and $600 at the end of every month for the next three years. The annuity earns interest at a rate of 3.5% compounded quarterly. a. What was the purchase price of the annuity? Round to the nearest cent b. How much interest did Jesse receive from the annuity?
After making the thirtieth payment of $582.48 on your car loan, you wanted to find out how much is left of your original 5 years loan at 7.6% compounded monthly of $29,000.00. What is the amount of the remaining balance of your car loan?The remaining balance of your car loan would be $. (Round to 2 decimal places.)
Find the simple interest earned on 5,000 deposited 40% for 10 years.
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6. A woman deposits $380 of her quarterly cheque into an annuity for the education of her child. She does this at the beginning of each quarter for 4 years into an account paying 8% per year, compounded quarterly. Find the amount of the annuity and the interest earned.