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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A deposit or open the new savings account with $11,000 at 6% compounded semiannually at the beginning of four years an additional $5000 is deposited at the end of five years. What is the balance in the account?
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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? $
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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