Find the present value of an annuity necessary to fund withdrawals of $1000 per quarter for 17 years if the annuity earns 4.8% compounded quarterly.  Round your answer to two decimal places if rounding is necessary.  The $ sign is already listed next to the answer box, so do not type a $ sign in your answer.

Q: Two bank accounts are opened at the same time. The first has a principal of $1000 in an account…

A:

Q: Find the amount borrowed if $800 is due at the end of 7 months when an annual simple interest rate…

A:

Q: Assume that you make quarterly payments of $ 750 into an annuity paying 5% interest compounded…

A:

Q: (a) Find the amount in the account at the end of 1 year. $0 (b) Find the amount in the account at…

A:

Q: Mark deposits $1000 at the end of every 6 months in his bank account. If the bank pays 6% compounded…

A: Given, Mark deposits $1000 at the end of every 6 months in his bank account. If the bank pays 6%…

Q: Find the present value if $8600 is compounded quarterly for 4 years.

A:

Q: Find the interest rate for each deposit and compound amount.  $8000 accumulating to $11,672.12,…

A:

Q: To save for graduate school, a student invests $1470 semiannually in an ordinary annuity with 3%…

A: To save for graduate school, a student invests $1470 semiannually in an ordinary annuity with 3%…

Q: To save for retirement, a student invests $30 each month in an ordinary annuity with 3% interest…

A:

Q: find simple interest on $1250 for 10 months at 12%

A: To find simple interest on $1250 for 10 months at 12%

Q: Find the principal invested if $495 interest was earned in 3 years at an interest rate of 6%.

A:

Q: $1600 is deposited into an account for which interest is compounded annually. The value of the…

A:

Q: Find the amount of money in an account after 4 years if $1800 is deposited at 5% annual interest…

A:

Q: A worker deposits $500 at the beginning of each quarter into an account that earns 5% compounded…

A:

Q: Find the principal if $245 in interest is due after 10 months at 7%

A: By using formula of simple interest.

Q: Find the annual simple interest rate of a loan, where $600 is borrowed and where $666 is repaid at…

A: Given data: Principle  = $600 Amount = $666 Time period = 15 months To find: Annual simple interest…

Q: Louie has $825,000 in a retirement annuity that pays 2% compounded quarterly. How much can he…

A:

Q: Determine the interest earned if $5000 is invested at 4.3% simple interest for 9 years.

A: We have direct formula for simple interest.