Annuities Due ( Simple and General)

Solve and show your solution (5 pts each) 1. What deposit made at the beginning of each month will accumulate to $120,000 at 8% compounded semi-annually at the end of 10 years? Given Solution 2) Laura wants to accumulate $150,000 in her bank account by depositing $1000 at the beginning of each month. If interest on the account is 5% compounded quarterly. for how long does Laura have to deposit the money? Given; Solution: 3.) James deposited $150 at the beginning of each month for two years into his savings account. For the next four years he did not make any more deposits, leaving the money in the account. The bank charges 4% interest compounded monthly, What will the balance be after 12 years? Given; Solution