Question: a.PMT = $100 per year, N = 25 years, I = 10%. Calculate FV. b.You invest $10,000 per year in a pair of IRAs--one for

a.PMT = $100 per year, N = 25 years, I = 10%. Calculate FV.

b.You invest $10,000 per year in a pair of IRAs--one for you and one for your spouse (Consider the $10,000 total as a single payment for this problem). The investment you've chosen in the IRAs has been earning 8.5% annually. If the investment continues to earn this same average, what the total amount be after 30 years?

c.You will invest $300 per month into an account that pays 5% per year (but with monthly compounding). After 25 years how much money do you have?

d.You will put $50 per month into a savings account for one of your children. The account earns an annual rate of 3% (with monthly compounding). After 18 years, what is the balance in the account?

e.You decide to invest $1,000 per year in an investment yielding 11% per year. After 35 years, how much will you have?

f.PMT = $100 per MONTH; I = 10% per year; N = 120 MONTHS. Calculate FV.

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