Unit 8 Quest (110)XSf8ziezOsWz6j9T7OGVQSHI-6ls9bQrlQevfkKxle-RtQ3Rlg/formResponseQuestion 5: *What is the future value of the annuity?Regular PaymentTimeCompoundingPeriodsemi-annually15 years$2500 every 6 months$104 658.84a.$29 658.84$149 958.85b.$75 000.00aRate of CompoundInterest per Year4.4%C.d.

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Answered: What is the future value of the…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Find the value of the annuity at the end of the indicated number of years. Assume that the interest is compounded with the same frequency as the deposits. (Round your answer to the nearest cent.) $ 9055.81 Amount of Deposit Frequency Rate Time m n t $1,250 quarterly 8% 25 yr
A worker established an ordinary annuity with regular payment of $10000 compounded annually at an annual rate of 8.5% for 17 years. What is the future value of the annuity? S=$ How much did the worker contribute to the annuity? $ How much interest did the worker earn at the end of the annuity? $
Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Asume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $40,000 in a fund paying 5% per year, with quarterly payments for 20 years. PMT = $
a. RM9338 b. RM9385 C.RM 9583 a EXAMPLE 2 2. Johan won an annuity that pays RM1000 every 3 months for 3 years. What is the present value of this annuity if the money worth 16% compounded quarterly? Ob
To offer scholarships to children of employees a company invest $8000 at the end of every three months in an annuity that pays 10% compounded quarterly. a. How much were the company have a scholarship funds at the end of 10 years? b. Find the interest.

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What is the future value of the annuity? Regular Payment $2500 every 6 months Rate of Compound Interest per Year 4.4% Compounding Period semi-annually Time 15 years