Calculate the future value of an annuity of $ 10,440 invested every year at 10.9% compounded quarterly for 19 years starting one year from now.
1.) Calculate the
2.) What is the
3.) A person buys a piece of property for $ 100,000 down payment and ten deferred semi annual payments of $ 8,000 each starting three years from now. What is the present value of investment if the rate of interest is 12% compounded semi annually?
4.) An individual makes six annual deposits in a savings account starting one year from now that pays interest at a rate of 10% compounded continuously. Ten years after the last deposit, a withdrawal of $ 10,000 per year for 10 years is withdrawn from the account. How much would be the six annual deposits?
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