Annuity Due, Ordinary Annuity and Defered Annuity Activity 1.Miss Joan Magusra deposited 600 every end of three months in 4 years and 6 months which
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Annuity Due, Ordinary Annuity and Defered Annuity Activity

1.Miss Joan Magusra deposited 600 every end of three months in 4 years and 6 months which amounted $13,500. Determine the nominal rate compounded quarterly.

2.Jessica receives a loan of $600,000 with interest at 12% compounded bimonthly. She will settle her debt by bimonthly payments, the first due is at the end of 2 1/2 years and last at the end of 8 years. How much is the periodic payment?

3.To accumulate a fund of $800,000 at the end of 10 years, Joevin will make equal annual deposits in the fund at the beginning of each year. How much should he deposit annually if the fund is invested at 7% compounded annually?

4.Find the lump sum that one must invest in an annuity in order to receive $1000 at the end of each month for the next 16 years, if the annuity pays 9% compounded monthly.

5.Ms. Catubig agrees to make equal payments of $150,000 at the beginning of each year to discharge a debt due in 10 years. If the money is worth 9% compounded semi-annually, how much does she owe?

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