Question: please help 4 We would like to pay into a dream-holiday fund providing 3 annual payments of 2,500. If the fund earns interest at 8%

 please help 4 We would like to pay into a dream-holiday

please help

4 We would like to pay into a dream-holiday fund providing 3 annual payments of 2,500. If the fund earns interest at 8% compounded annually, what sum should we set aside today if the first payment is to be made 5 years from now? (a) 1,935.50 O O O (b) 3, 736.82 (c) 1,735.61 (d) 1,770.02 5 We sign a contract that calls for a downpayment of 1,000 and for a payments of 150 at the end of each month for 5 years. Money is worth 9% compounded monthly. If we miss the first 11 payments, what must we pay at the time of the 12th payment to discharge our entire indebtedness? O O O (a) 8.900.38 (b) 7,903.86 (c) 12, 049.47 + a (d) 7, 459.36 6 A fund of 9,000 is to be accumulated by semiannual payments of 250. If the fund carns interest at 10% compounded semiannually, what is the number of payments required and what is the amount of the final deposit? (a) 20 payments of 250 and the 21st payment of 320.19 (b) 20 payments of 250 and the 21st payment of 70.19 (c) 21 payments of 250 (d) 21 payments of 250 and the 22nd payment of 320.19

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