A.) If you make quarterly payments of$331.00 into an ordinary annuity earning an annual interest...
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Accounting
A.) If you make quarterly payments of$331.00 into an ordinary annuity earning an annual interest rate of 5.47%, how much will be in the account after 4 years?
B.) If you make monthly payments of $464.00 into an ordinary annuity earning an annual interest rate of 7.4% compounded monthly, how much will you have in the account after 5 years? After 9 years?
C.) In 3 years Harry and Sally would like to have $26,000.00 for a down payment on a house. How much should they deposit each month into an account paying 8% compounded monthly?
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