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Calculate the accumulated value of the payments

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Reference no: EM132983216

Problem 1: Calculate the future value (S) of an annuity of $500 payable at the end of each half-year for 11 years at 10% pa compounded half-yearly. Give your answer in dollars and cents to the nearest cent.

Problem 2: An ordinary annuity consists of annual payments of $800 starting on 16 November 2021 and continuing until 16 November 2049. Calculate the accumulated value (S) of these payments at 6% pa effective. Give your answer in dollars and cents to the nearest cent.

Reference no: EM132983216

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