a) How much would you have to invest at 6% p.a. on January 1, 2004, in order to accumulate $1791 on January 1, 2010.

b) What is the present worth on January 1, 2003 of $1263 on January 1, 2010, if interest is at 6% p.a.?

c) If $840 is invested at 6% pa on January 1, 2003, what equal year-end Withdrawals can be made each year for 10 years to leave nothing in the fund after the tenth Withdrawal?

d) How much can be accumulated in a fund, earning 6% p-a., at the end of 10 years if $114.10 is deposited at the end of each year for 10 years, beginning in 2003?

Answer rating: 100% (QA)

a Let amount to be invested P Then P 1791PF 6 1 P 17919434 P 168963 or 1690 b Let ... View the full answer