Question: Math Interest Theory/ Financial Math Please Use Formulas 2. (4pts) Deposits of $500 are made at the beginning of every quarterly year for 20 years

Math Interest Theory/ Financial Math

Please Use Formulas

2. (4pts) Deposits of $500 are made at the beginning of every quarterly year for 20 years in order to accumulate an annuity paying $X at the end of each year for 10 years, with the first payment starting at the end of year 21. Find X if the nominal interest rate is 6% convertible monthly. (Answer: $10,651.72) 3. (3pts) You want to accumulate $10,000 at the end of five years by equal quarterly deposits at

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