Question: Find the present value {the amount that should be invested how to accumulate the following amount} if the money is compounded as indicated. $8829.85 at

 Find the present value {the amount that should be invested howto accumulate the following amount} if the money is compounded as indicated.$8829.85 at T.1% compounded annually for 4 years The present value is

$|:_ [Do not round until the final answer. Then round to thenearest cent as needed.) Find the future value for the ordinary annuitywith the given payment and interest rate. PMT = $2,250; 1.15% compounded

Find the present value {the amount that should be invested how to accumulate the following amount} if the money is compounded as indicated. $8829.85 at T.1% compounded annually for 4 years The present value is $|:_ [Do not round until the final answer. Then round to the nearest cent as needed.) Find the future value for the ordinary annuity with the given payment and interest rate. PMT = $2,250; 1.15% compounded quarterly for 12 years. The future value of the ordinary annuity is $ (Do not round until the final answer. Then round to the nearest cent as needed.)Find the amount of each payment to be made into a sinking fund earning 8% compounded monthly to accumulate 536,000' over 6 years. Payments are made at the end of each period. The payment size is 5|:l. (Do not round until the final answer. Then round to the nearest cent.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!