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Category > Business & Finance Posted 01 Jun 2017 My Price 8.00

1. Find the discounted value of an ordinary annuity

1. Find the discounted value of an ordinary annuity of $1,490 a month for 3 years if the interest is 14 % compounded quarterly.

2. What is the current value of an annuity of $7,500 paid at the end of each half-year for 10 years in an account bearing 11 % compounded annually?

3. A couple wants to renovate their house in 3 years. They need $27,000 which they plan to save for in monthly payments in an account that pays 8 % compounded monthly. How much would their monthly savings be?

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Homework Helper
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Status NEW Posted 01 Jun 2017 06:06 AM My Price 8.00

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