Meghan purchases a retirement annuity that will pay her $1,000 at the end of every six months for the first nine years and $700 at the end of every month for the next three years. The annuity earns interest at a rate of 5% compounded quarterly.

For the last 15 years Joseph has deposited $4500 at the end of every six months into an account paying 6.5% compounded semi-annually.He now converts the accumulated amount into a retirement income fund which will ear interest at 5.25% compounded monthly. Joseph plans to receive equal payments at the end of every six months from this fund for the next 10 year. Determine the size of each payment.

Minu deposits $950 at the end of each quarter for 6 years in an account that earns 11.8% per year compounded quarterly. At the end of 6 years she has $32 501.04. What would the amount of the annuity be if she doubles the time period to 12 years?

Jill makes monthly payments of $125 into a savings plan which pays 7.5% annual interest. At the end of 30 years find the following: The amount the account is worth and The total deposits Jill made.

Shelly deposits the $2000 she got as a birthday gift from her grandmother into an account earning 3.6% interest compounded monthly. She decides to also deposit $200 at the end of each month into the same account. How much will be in the account in 10 years?

Mr. Peabody drove to his bank and deposited $500 at the end of every three months for 15.6 years. What is the accumulated value of Mr. Peabody's annuity at 4.95% compounded semi-annually?

Erica purchased an annuity that had an interest rate of 3.75% compounded semi- annually. It provided him with payments of $3,000 at the end of every month for 3 years. If the first withdrawal is to be made in 4 years and 1 month, how much did he pay for it? $0.00 Round to the nearest cent

Rosa has a annuity worth $20, 000 to help pay for expenses while they are in a year-long (12-month) masters program. The annuity earns 5.4 % compounded monthly. Using the present value annuity formula, they find the will receive $1708 monthly during this time, sent to them at the start of the month. Fill in the table to track how much money remains in the annuity after each month. Round answers to 2 decimal places and use rounded answers in subsequent calculations. Time (Months) 0 2 3 Balance at start of month (after payment) $ $ $ Interest Earned during Time Period $ s $ Balance at end of month $ 20,000 $ $ $

Hassan will receive the following payments at the end of the next four years: AED 50,000, AED 60,000, AED 75,000 and 80,000. Then from the end of the fourth year through the end of the ninth year, he will receive an annuity of AED 75,000.  At a discount rate of 5 percent, what is the present value of all future benefits?

Seanna O'Brien receives pension payments of $3, 100 at the end of every six months from a retirement fund of $ 47,000. The fund earns 8% compounded semi - annually. (a) How many payments will Seanna receive? (b) What is the size of the final pension payment?