24. What is the table factor that you would find on the present value of a $1 Annuity for 30 years and 6.5% compounded monthly? 25. If you invest $11,000 in a mutual fund today, and it grows to be $50,000 after 8 years, what compound annual rate of return did you earn? 26. Find the compound value of a $125, ten-year ordinary annuity at 6 percent annual interest if the payment at the end of year 6 is omitted. $125 $125 $125 $125 $125 $125 $125 $125 $125 II-II- II-II-II- 0 1 2 3 4 5 6 7 8 9 10 27. A father is planning to provide a 20-year trust fund for his son Dominic. The amount deposited today will remain untouched until the end of the 20th year, but will gain interest at a rate of 8 percent compounded annually. The money will then be transferred to another account, which pays 6 percent. The intent is that Dominic will withdraw the money in six equal annual payments of $4,000 each beginning at the end of year 20. The fund, which will help to pay for his higher education will be completely depleted after six payments. What amount should Dominic's father deposit today? $4,000 $4,000 $4,000 $4,000 $4,000 $4,000 ----I----- -- I--- ----I- - I-- 0 1 ................20 21 22 23 24 25 28. You have borrowed $10,000 at 9%. Your lender requires annual payments over a four-year period. Identify the amount of each payment. 29. You have borrowed $10,000 at 9%. Your lender requires annual payments over a four year period. Create an amortization table for your loan. Use the payment determined in question number 28