1, Find the accumulated value of an annuity due of S800 payable at the beginning of...

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1, Find the accumulated value of an annuity due of S800 payable at the beginning of every month for ten years at 3% p.a. compounded monthly. 2. Ava purchased a boat valued at $25,000 on an installment plan requiring equal monthly payment for four years. If the first payment is due on the date of purchase and interest is 2.4% p.a. compounded quarterly, what is the size of the monthly payment? 3. How much would you have to pay into an account at the beginning of every 3 months to accumulate $40000 in 6 years if interest is 5% p.a. compounded quarterly? 1, Find the accumulated value of an annuity due of S800 payable at the beginning of every month for ten years at 3% p.a. compounded monthly. 2. Ava purchased a boat valued at $25,000 on an installment plan requiring equal monthly payment for four years. If the first payment is due on the date of purchase and interest is 2.4% p.a. compounded quarterly, what is the size of the monthly payment? 3. How much would you have to pay into an account at the beginning of every 3 months to accumulate $40000 in 6 years if interest is 5% p.a. compounded quarterly?

Answer rating: 100% (QA)

Soluti on P 800 200 t 10 years n 12 8001 0 A P ... View the full answer