Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 13 Sep 2017 My Price 6.00

annual intervals

Value of an Annuity Using the appropriate tables, solve each of the following:

Required

1. Beginning December 31, 2011, five equal withdrawals are to be made. Determine the equal annual withdrawals if $30,000 is invested at 10% interest compounded annually on December 31, 2010.

2. Ten payments of $3,000 are due at annual intervals beginning June 30, 2011. What amount will be accepted in cancellation of this series of payments on June 30, 2010, assuming a discount rate of 14% compounded annually?

3. Ten payments of $2,000 are due at annual intervals beginning December 31, 2010. What amount will be accepted in cancellation of this series of payments on January 1, 2010, assuming a discount rate of 12% compounded annually?

Answers

Maurice Tutor
(5)
Status NEW Posted 13 Sep 2017 11:09 AM My Price 6.00

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