What is the future value of annual payments

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1. You contribute $2,800 to an account at the end of every 6 months. What is the value in your account after 13.5 years if the interest rate is 2.3% compounded semi-annually?

2. What is the future value of annual payments of $1,400 at the end of every year for the next 4 years if interest is 4.4% compounded annually?

3. What is the present value of end-of-quarter payments of $4,000 for seven years, assuming an interest rate of 6% compounded quarterly?

4. What is the present value of 18 monthly payments of $200.50 at a 16% compounded semi-annually interest rate?

5. You make payments of $950 at the end of every 6 months for 8.5 years. At 9% compounded quarterly, what is your future value?

Reference no: EM133076115

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