Question: (1 point) Problem 4 - Annuities with Block Payments & Perpetuities To accumulate $5000 at the end of 18 years, deposits of 56 are made


(1 point) Problem 4 - Annuities with Block Payments & Perpetuities To accumulate $5000 at the end of 18 years, deposits of 56 are made at the end of each year of the first 9 years and 56 + X at the end of each year of the second 9 years. Find X if the annual effective rate of interest is 4.7%. X= | (1 point) Problem 5 - Annuities with Block Payments & Perpetuities Michael made the following deposits in a fund paying annual effective rate of interest of 4.1%: (0) $70 at the beginning of years 1 - 9 (ii) No deposits at the beginning of years 10 - 18 (iii) $120 at the beginning of years 19 - 34. How much did Michael accumulate at the end of 34 years? AV = |
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