Calculating annuity values

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Reference no: EM131841195

1. When you were born, your parents opened an investment account in your name abs deposited $1,500 into a bank account. the account has earned an average annual rate of return of 5.3 percent. today, the account is valued at $42, 856. how old are you?

2. Calculating Annuity Values

Vanzan Bank offers you a $60,000, 10 year term loan at 6.00% annual interest. What will your annual loan payment be?

Annual payment: $____________.

Reference no: EM131841195

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