Question: math 1. Determine the future value: 2. Determine the present value of the ordinary annuity: 3. Determine the future value: 4. Determine the present value

math

1. Determine the future value: 2. Determine the present value of the ordinary annuity: 3. Determine the future value: 4. Determine the present value of the ordinary annuity: 5. Josie spends $60 at the end of each month on cigarettes. If she stops smoking and invests the same amount in an investment plan paying 6% compounded monthly, how much will she have after five years? 6. Calculate the future value of an ordinary annuity consisting of monthly payments of $1200 for five years, if the rate of interest is 10% compounded monthly for the first two years and 9% compounded monthly for the last three years. 7. A $37,000 loan at 8.2% compounded semiannually is to be repaid by semiannual payments of $2500 (except for the smaller final payment). a) What will be the principal component of the 16th payment? b) What will be the interest portion of the 6th payment? c) How much will payments 8 to 14 inclusive reduce the principal balance? d) How much interest will be paid in the 5th year? c) What will be the final payment? 1. Determine the future value: 2. Determine the present value of the ordinary annuity: 3. Determine the future value: 4. Determine the present value of the ordinary annuity: 5. Josie spends $60 at the end of each month on cigarettes. If she stops smoking and invests the same amount in an investment plan paying 6% compounded monthly, how much will she have after five years? 6. Calculate the future value of an ordinary annuity consisting of monthly payments of $1200 for five years, if the rate of interest is 10% compounded monthly for the first two years and 9% compounded monthly for the last three years. 7. A $37,000 loan at 8.2% compounded semiannually is to be repaid by semiannual payments of $2500 (except for the smaller final payment). a) What will be the principal component of the 16th payment? b) What will be the interest portion of the 6th payment? c) How much will payments 8 to 14 inclusive reduce the principal balance? d) How much interest will be paid in the 5th year? c) What will be the final payment

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