What is the present equivalent of a uniform series of quarterly payments of $4,500 each for 8 years and a quarterly payments $2,000 of the next 10 years if the interest rate is 8% compounded bimonthly? Draw the cash flow diagram.

A person wishes to have a future sum of $1,00,000 for hisson’s education after 10 years from now. What is the single-payment that heshould deposit now so that he gets the desired amount after 10 years? The bankgives 15% interest rate compounded annually.

If you deposit $8,000 into an account paying 8% annual interest compounded quarterly, how long(years) until there is $12,400 in the account?

Find the amount accumulated FV in the given annuity account. HINT [See Quick Example 1 and Example 1.] (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $150 is deposited monthly for 11 years at 2% per year FV = $ Need Help? Read It Submit Answer