What periodic deposits in a repayment fund you pay

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Q1. An accounting firm will need $ 17,000 in 5 years to replace your computer system. What periodic deposits in a repayment fund you pay Quarterly interest at an annual rate of 9% will achieve that goal?

Q2. To buy a boat in 2 years, the Higgins family plans to save $ 200 a month on an account that pays 12% interest, compounded monthly.

a. Find the value of the account in 2 years.

b. Find the single deposit in that account that would give you the same future value

Q3. I have a deal for you! If you lend me $ 100,000 today, I promise to refund you in twenty-five annual installments of $ 5,000, beginning five years from today (that is, my first payment is five years from today). You can win a 6% on your investments. Can you lend me the money? and because?

Reference no: EM132602881

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