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2. 300 dollars is deposited every quarter for seven years. Interest is 4% per year compounded...

2.

300 dollars is deposited every quarter for seven years.

Interest is 4% per year compounded quarterly.

What is the future value of this annuity.

nearest whole number

4.

Suppose the monthly interest rate is 4.6% / 12 =.003833 ( approximately).

To attain a future value of 40000 dollars in ten years, what should the monthly deposits be, if interest is compounded monthly?

2 decimal number, no $ sign.

6.

How many times must a yearly deposit of 1250 dollars be made, if 5% interest is compounded yearly, and the future value is 22000 dollars.

Round up to the next whole number.

HOW TO DO 2,4,6

Math   Calculus   
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