1. If you want to accumulate $70,000 and you have $10,000 saved now, how many...
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1. If you want to accumulate $70,000 and you have $10,000 saved now, how many years will it take if you pay $100 per quarter and your investment account pays 5.5% compounded quarterly?
2. What is the present value of a $300,000 cash flow to be received at the end of each of the next 10 years from an account that earns an annual rate of 9%? And the annuity?
3. What is the future value of an ordinary annuity of $3,000 for 4 years, if interest rates are 6 percent ? And what is the future annuity?
4. What is the present value of a $220,000 cash flow to be received at the beginning of each of the next 20 years from an account that earns an annual rate of 9%?
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