Present Value of an Ordinary Annuity of 1 6-5 A) $30,000 payments to be made...
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Present Value of an Ordinary Annuity of 1
6-5 A) $30,000 payments to be made at the end of each period for 16 periods at 9%.(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Future Value of an Annuity of 1
6-15 B) Instead of investing the entire $1,000,000, Bogut invests $300,000 today and plans to make 9 equal annual investments into the fund beginning one year from today. What amount should the payments be if Bogut plans to establish the $1,999,000 foundation at the end of 9 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
6-6 C)Steve Madison needs $250,000 in 10 years.
How much must he invest at the end of each year, at 11% interest, to meet his needs? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
Investment Amount
Investment amount
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