Unformatted text preview: years. Interest will be compounded semiannually. If after that you make 3 annual withdrawals of $2305, what annual rate of interest are you earning? Annuities due 6. You deposit $4000 at the beginning of the year for 10 years at 4% interest. How much will your investment be after 10 years? 7. How much must you deposit today in order to make five equal annual withdrawals of $6000 if withdrawals are made at the beginning of the year? Rework problems 24. In 2, assume the deposits are annuities due and the withdrawals are ordinary annuities. In 3, assume the withdrawals are annuities due and the deposits are ordinary annuities. In 4, assume all annuities are annuities due....
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This note was uploaded on 03/16/2012 for the course FIN 300 taught by Professor Haroldwilliamson during the Spring '12 term at S. Alabama.
 Spring '12
 HaroldWilliamson
 Time Value Of Money, Personal Finance

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