Use the following time value of money tables for Questions 1-4. Round answers to the nearest dollar. (The annual interest rate for all problems is 6%.)   n = 3; i = 6% n = 6; i = 3% Future value of 1 1.19102 1.19405 Present value of 1 .83962 .83748 Future value of an annuity 3.18360 6.46841 Present value of an annuity 2.67301 5.41719 Redlands Inc. makes semiannual deposits of $2,000 each June 30 and December 31 each year, beginning in 2020. The amount of money Redlands will have on December 31, 2022 immediately after the sixth and final deposit is $

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A: Annuity table is used when the amount is deposited after a regular period for a fixed period.

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A: Given Rate = 12% time = 3 years  yearly payment = $400

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A:

Q: Use a calculator to evaluate an ordinary annuity formula. For m, r, and t (respectively). Assume…

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Q: f you put up $41,000 today in exchange for a 5.1 percent, 15-year annuity, what will the annual cash…

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A: Ordinary Annuity: They are the payments made in series at the ending period for a fixed period.

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