Question 1
5 out of 5 points
Find the amount of each payment to be made into a sinking
fund so that enough will be present to accumulate the
following amount. Payments are made at the end of each
period. The interest rate given is per period.
$96,000; money earns 3.6% compounded monthly for
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Question 2
5 out of 5 points
Find the future value of the annuity due.
$800 deposited at the beginning of each year for at 11%
compounded annually
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Question 3
0 out of 5 points
Solve the problem.
Which of the following investments is larger after
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Question 4
5 out of 5 points
Solve the problem.
Joan wants to start an IRA that will have in it when she retires in
How much should she invest annually in her IRA to do this if the
interest is 16% compounded annually?
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Question 5
5 out of 5 points
Find the present value of the ordinary annuity.
Payments of $600 made annually for at 6% compounded annually
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Question 6
5 out of 5 points
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 Spring '08
 WRIGHT
 Time Value Of Money

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