Unformatted text preview: value equal to s 3  is 4  ? Explain! 4. A man deposits $50 at the end of each quarter for 10 years. ±ind the total amount of interest that he has accumulated at the end of 10 years, if i = 0 . 045 for the Frst 5 years, and i (2) = . 05 for the second 5 years. 5. An annuity pays 1 at the end of each 4year period for 40 years. Given a 8  i = k, Fnd the present value of the annuity. Show work! (A) 1(1ik ) 5 1(1ik ) . 5 (B) 1(1ik ) 40 1(1ik ) . 5 (C) 1(1ik ) 5 i (D) 1(1ik ) 40 (1ik ). 51 (E) 1(1ik ) 5 (1ik ). 51 . 1...
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 Spring '10
 Dr.K
 Math, Time Value Of Money

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