How much must kym deposit in an account

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1.) Kym intends to retire in 12 years and would like to receive ?$738.00 every three months for 11 years starting on the date of her retirement. How much must Kym deposit in an account today if interest is 7% compounded quarterly?

2.) A property development agreement valued at ?$56,000 requires semi-annual lease payments of ?$8,000. The first payment is due four years after the date of the agreement and interest is 5% compounded monthly. For how long will payments be? made?

3.) What monthly lease payment due in advance should be charged for a tract of land valued at $40,000 if the agreed interest is 6.39?% compounded annually??

Reference no: EM132577433

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