You make two annual payments of $2,000 each (the first payment is made one year from today) into a savings account with 10% annual interest. What is the present value of these payments at the time of the last payment?

A retirement account has $260,000.00 that will be used to start an annuity that earns 4.1%, compounded monthly. The annuity will make payments at the end of every month in the amount of $1,200.00. How long will this annuity last?

How much do you have to deposit today so that beginning 11 years from now you can withdraw ​$12,000 a year for the next 6 years​ (periods 11 through 16​) plus an additional amount of ​$24,000 in the last year​ (period 16​)? Assume an interest rate of 9 percent.

An annuity pays $1000 at the end of each year for 5 years and then $2000 at the end of each year for the next 7 years. Find the discounted value of these payments if the relevant interest rate is 7% per year.

A person wishes to deposit $5,000 per year in a savings account which earns interest of 8 percent per year compounded annually. Assume the first deposit is made at the end of this current year and additional deposita at the end of each following year. (a) To what sum will the investment grow at the time of the 10th deposit? (b) How much interest will be earned?

You make an investment into a money market account at time T=0. In year T=5, the value of the money market account will be $5,000. The money market account pays an annual interest of R=6%, and interest is compounded on a quarterly basis. What is the present value of this account?

You borrow 112000 for 10 years from a bank in order to renovate your flat. The effective interest rate charged by the bank is 7.6% per annum. The loan is to be repaid by level annual repayments, paid in arrears. Calculate the annual repayment. Give your answer to two decimal places.

You are paid £4,000 annually for 6 years, with the first payment due in one year and the last payment due in 6 years.  What is the present value of all these payments using an interest rate of 2%?

You are making ​$200 monthly deposits into a savings account that pays interest at a nominal rate of 3​% per​ year, compounded monthly. What is the future equivalent value of this account after five years?

You wish to save $59000 in an account which pays 6% compounded quarterly by making semiannual deposits for 10 years.What is the amount of the deposits?