Question: 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.


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. (a) What is the amount of the payments that Tony Winslow must make at the end of each of 8 years to accumulate a fund of $97,100 by the end of the 8 th year, if the fund earns 8% interest, compounded annually? (Round foctor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, eg. 458,581.) Payment at the end of each year Chris Hitchcock is 40 years old today and he wishes to accumulate $512,000 by his 65 th birthday so he can retire to his summer place on Lake Hopatcong. He wishes to accumulate this amount by making equal deposits on his 40 th through his 64 th birthcdays. What annual deposit must Chris make if the fund will earn 8% interest compounded annually? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, e.8.458,581.) Annual deposit Sally Ross has $19,000 to invest today at 9% to pay a debt of $37,859. How many years will it take her to accumulate enough to liquidate the debt? (Round answer to Odecimal places, es. 45.) years eTextbook and Media Attempts: 0 of 3 used (d) The parts of this question must be completed in order. This part will be available when you complete the part above
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