1.Find the future value for the ordinary annuity with the given payment and interest rate.

PMT= $650, 1.05% compounded semiannually for 5 years

2.Find the future value for the annuity due with the given rate.

Payments of $17,000 for12 years at 0.31% compounded monthly

3.Find the amount of each payment to be made into a sinking fund which earns 8% compounded quarterly and produces $52,000 at the end of 3.5

Payments are made at the end of each period.

What is The payment size ?

Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding period is the same as the payment period.

$60,000 to be accumulated in 11 years; annual payments of $4054

what's The interest rate needed ?

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