Question: FINITE MATH SHOW ALL WORK IN PENCIL PLEASE Please solve all 3 Find the Future Value of an Annuity: (1 FV = PMT- )n_ 1
Find the Future Value of an Annuity: (1 FV = PMT- )n_ 1 III. 1. Parents have set up a sinking fund in order to have $120,000 in 15 years for their children college education. How much should be pay semiannually into an account paying 6.8% compounded semiannually? 2, Scooby Doo plans to deposit $100, into an account earning 6% compounded monthly, during 3 years. Find the interest earned during each year of the three years. 3. Condorito establish a sinking fund for home improvement with monthly payments of $2,200 at 6.5% compounded monthly. How long will it take to have $124,520 in the account? How much is the total interest paid
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