Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
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Find the future value of an ordinary annuity of $100 paid at the end of each quarter for 2 years, if interest is earned at a rate of 6%, compounded quarterly.
The future value is $
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- Find the future value of the following ordinary annuities. Payments are made and interest is compounded as given. R = $4000, 6% interest compounded annually for 25 years What is the future value of the ordinary annuity? $ (Round to the nearest cent.)arrow_forwardFind the future value of the annuity due. Payments of $100 per quarter for 7 years at 7% compounded quarterly What is the future value of the annuity due? $ (Round to the nearest cent as needed.)arrow_forwardA worker established an ordinary annuity with regular payment of $10000 compounded annually at an annual rate of 8.5% for 17 years. What is the future value of the annuity? S=$ How much did the worker contribute to the annuity? $ How much interest did the worker earn at the end of the annuity? $arrow_forward
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- Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $150/month for 19 years at 7%/year compounded monthly $arrow_forwardFind the present value of the given annuity. $252 per month for 48 months at the rate of 4.2% compounded monthly The present value is $ (Round to the nearest cent as needed.)arrow_forwardYou would like to have $25,000 set aside for your child’s college fund in 12 years by making regular,semiannual deposits in an annuity that pays 6% compounded quarterly. How much should you deposit at the end of every four months? Round to the nearest cent.arrow_forward
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