Question: If the uniform-series compound-amount factor for i = 5.5 % annum is 26.9978. Find the value of n and the uniform-series present worth factor for

If the uniform-series compound-amount factor for i = 5.5 % annum is 26.9978. Find the value of n and the uniform-series present worth factor for the same values of i and n.

ans:

17 Years

Present Worth Factor = 10.8646

Starting with $1000 what is the difference in the sum of capital plus interest at the enc of 5 years for 8 % interest compound annually and 8 % simple interest?

ans:$69.00

If $6000 is deposited into a fund at the end of each year starting in year 1 and continuing to year 15. The annual compound interest is 6%. What will the fund value be after 15 years?

ans: $139,656

please provide worked out solutions, i know these answers are correct

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