5. 6 7. 8. 9. Future Value of Annuity (regular): You deposit $5,000 at the end...

 

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5. 6 7. 8. 9. Future Value of Annuity (regular): You deposit $5,000 at the end of each year for the next 40 years in an account that earns 9% compounded annually. How much will you have in the account immediately after the last deposit? Future Value of Annuity Due: If the deposits in the previous problem were made at the beginning of the year, how much would you have in the account 40 years from today (i.e., one year after the final deposit)? Present Value of Annuity (regular): You plan to make annual end of the year deposits in your retirement account that earns 9% annually. If you want to have $1,000,000 when you retire 35 years from today, how much must you deposit each year? Present Value of Annuity Due: If the deposits in the previous problem were made at the beginning of the year, how much must you deposit each year to have $1,000,000 in the account 35 years from today (i.e., one year after the final deposit)? Interest Rate Annuity: You are financing a new car purchase with a loan of $10,000 to be repaid in 5 annual end-of-the year payments of $2,504.56. What annual interest rate is the company charging? 5. 6 7. 8. 9. Future Value of Annuity (regular): You deposit $5,000 at the end of each year for the next 40 years in an account that earns 9% compounded annually. How much will you have in the account immediately after the last deposit? Future Value of Annuity Due: If the deposits in the previous problem were made at the beginning of the year, how much would you have in the account 40 years from today (i.e., one year after the final deposit)? Present Value of Annuity (regular): You plan to make annual end of the year deposits in your retirement account that earns 9% annually. If you want to have $1,000,000 when you retire 35 years from today, how much must you deposit each year? Present Value of Annuity Due: If the deposits in the previous problem were made at the beginning of the year, how much must you deposit each year to have $1,000,000 in the account 35 years from today (i.e., one year after the final deposit)? Interest Rate Annuity: You are financing a new car purchase with a loan of $10,000 to be repaid in 5 annual end-of-the year payments of $2,504.56. What annual interest rate is the company charging?