Question

In the following ordinary annuity, the interest is compounded
with each payment, and the payment is made at the end of the
compounding period.

The Oseola McCarty Scholarship Fund at the University of Southern
Mississippi was established by a $150,000 gift from an 87-year-old
woman who had dropped out of sixth grade and worked for most of her
life as a washerwoman. How much would she have had to save each
week in a bank account earning 3.8% compounded weekly to have
$150,000 after 75 years? (Round your answer to the nearest
cent.)

Answer #1

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1. In the following ordinary annuity, the interest is compounded
with each payment, and the payment is made at the end of the
compounding period.
Find the amount of time needed for the sinking fund to reach the
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places.) $215 monthly at 5.8% to accumulate $25,000
Please provide number of years:
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with each payment, and the payment is made at the...

In the following ordinary annuity, the interest is compounded
with each payment, and the payment is made at the end of the
compounding period.
Find the required payment for the sinking fund. (Round your
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Monthly deposits earning 4% to accumulate $9000 after 10
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with each payment, and the payment is made at the end of the
compounding period.
You and your new spouse each bring home $1500 each month after
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In the following ordinary annuity, the interest is compounded
with each payment, and the payment is made at the end of the
compounding period. You and your new spouse each bring home $1500
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In
the following ordinary annuity, the interest is compounded with
each payment, and the payment is made at the end of the compounding
period.
find the amount of time needed for the sinking fund to reach
the given accumulated amount. Round your answer to two decimal
places.
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In the following ordinary annuity, the interest is compounded
with each payment, and the payment is made at the end of the
compounding period.
Find the amount of time needed for the sinking fund to reach the
given accumulated amount. (Round your answer to two decimal
places.)
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In the following ordinary annuity, the interest is compounded
with each payment, and the payment is made at the end of the
compounding period.
Find the accumulated amount of the annuity. (Round your answer to
the nearest cent.)
$2000 monthly at 4.9% for 20 years.
$ __________

In the following ordinary annuity, the interest is compounded
with each payment, and the payment is made at the end of the
compounding period.
Find the accumulated amount of the annuity. (Round your answer to
the nearest cent.)
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A) Suppose payments were made at the end of each quarter into an
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and have agreed to set aside $150/month for their trip. If they
deposit this money at the end of each month into...

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