What equal-annual-payment series is required in order to repay each givenpresent amount?(a) $28,000 in four years at 7% interest compounded annually.(b)$4,800 in five years at 8% interest compounded annually.(c) $9,000 in six years at 5% interest compounded annually.(d) $33,000 in 15 years at 7% interest compounded annually.

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A:

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A: We are going to set up the mathematical equation to answer this question.

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A: here we calculate the given by following method as follow;

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A:

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Q: Find the APY in each of the following cases:(a) 10% compounded annually.(b) 9% compounded…

A: Hello, thank you for the question. Since there are many subpart questions posted here, only the…