Maurice Tutor

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Expertise:
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Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 1 Day Ago
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Education

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

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 Aug 2017 My Price 5.00

ordinary annuity.

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1.

You decide to begin saving towards the purchase of a new car in 5 years

. If you put $1,000 at

the end of each of the next 5 years in a savings account paying 6% compounded annually,

how much will you accumulate after 5 years?

2.

James Smith has a 4

-

year ordinary annuity that pays $1,000 per year

and has an interest rate

of 6%.

a.

C

alculate the future value of this ordinary annuity.

b.

Assuming this was an annuity due, calculate the future value of this annuit

Answers

Maurice Tutor
(5)
Status NEW Posted 06 Aug 2017 11:08 PM My Price 5.00

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