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How large will last payment be

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Question 1: What's the future value of a 6%, 5-year ordinary annuity that pays $300 each year? If this was an annuity due, what would its future value be? Do not round intermediate calculations. Round your answers to the nearest eent. Future Value of an Ordinary Annuity

Question 2: Six years from today you need $10,000. You plan to deposit $1,700 annually. with the ?rst payment to be made a year from today. in an account that pays a 5% effective annual rate. Your last deposit, which will occur at the end of Year 6, will be for less than $1,?00 if less is needed to reach $10,000. How large will your last payment be? Do not round intermediate calculations. Round your answer to the nearest cent

Question 3: They currently have $200,000 saved. and they think they will need $1,650,000 at retirement. What annual interest rate must they earn to reach their goal, assuming they:r don‘t save any additional funds? Round your answer to two decimal places.

Question 4: If you deposit money today in an account that pays 7% annual interest, how long will it take to double your money? Round your answer to two decimal places years

Reference no: EM132482863

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