Question: Problem 6-2 Using the appropriate interest table, provide the solution to each of the following four questions by computing the unknowns. Click here to view

 Problem 6-2 Using the appropriate interest table, provide the solution to

each of the following four questions by computing the unknowns. Click here

Problem 6-2 Using the appropriate interest table, provide the solution to each of the following four questions by computing the unknowns. Click here to view factor tables What is the amount of the payments that Morgan Winslow must make at the end of each of 8 years to accumulate a fund of $85,300 by the end of the 8th year, if the fund earns 8% interest, compounded annually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Payment at the end of each year LINK TO TEXT LINK TO TEXT LINK TO TEXT John Hitchcock is 43 years old today and he wishes to accumulate $497,000 by his 68th birthday so he can retire to his summer place on Lake Hopatcong. He wishes to accumulate this amount by making equal deposits on his 43th through his 67th birthdays. What annual deposit must John make if the fund will earn 12% interest compounded annually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Annual deposit $ LINK TO TEXT LINK TO TEXT LINK TO TEXT

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