Question

1.Find the present value of the following ordinary annuities. Round your answer to the nearest cent.

Amount per Payment	Payment at End of Each	Time (Years)	Rate of Investment	Present Value
$3,300	6 months	8	12%	$

2. Find the amount of the following annuities due and interest earned. Round your answer to the nearest cent.

Amount of Each Deposit	Period	Rate	Time (Years)	Amount of Annuity
$7,500	quarterly	8%	8	$

3.Find the amount of each payment needed to accumulate the indicated amount in a sinking fund. Round your answer to the nearest cent.

Amount	Money Earns	Compounded	Years	Payment
$9,300	8%	annually	6	$

4.Find the amount of each payment needed to accumulate the indicated amount in a sinking fund. Round your answer to the nearest cent.

Amount	Money Earns	Compounded	Years	Payment
$8,220	5%	annually	9	$

Answer 1

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