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How much will the investment be at the end of the term

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Reference no: EM132754682

Problem 1: Find the present value and final amount of an annuity of ?12,000 at the beginning of every 6 months for a term of 8 years if the interest is 9.8% compounded semiannually.

Problem 2:  An investment of ?2,850 is made at the beginning of each month for 6 years and 7 months. How much will the investment be at the end of the term if interest is 11% compounded monthly?

Reference no: EM132754682

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