Question: Using the appropriate interest table, provide the solution to each of the following four questions by computing the unknowns. What is the amount of the

Using the appropriate interest table, provide the solution to each of the following four questions by computing the unknowns. What is the amount of the payments that Ned Winslow must make at the end of each of 8years to accumulate a fund of $ 81600by the end of the eighth year, if the fund earns 8%interest, compounded annually? Robert Hitchcock is 40years old today and he wishes to accumulate $ 495000by his sixty - fifth birthday so he can retire to his summer place on Lake Hopatcong. He wishes to accumulate this amount by making equal deposits on his fortieth through his sixty - fourth birthdays. What annual deposit must Robert make if the fund will earn 8%interest compounded annually? Diane Ross has $ 19700to invest today at 10%to pay a debt of $ 42229.How many years will it take her to accumulate enough to liquidate the debt? Cindy Houston has a $ 30200debt that she wishes to repay 4years from today; she has $ 20627that she intends to invest for the 4years. What rate of interest will she need to earn annually in order to accumulate enough to pay the debt?

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