Homework Clinic
Mathematics Clinic => Pre-calculus => Topic started by: anshika on Feb 2, 2020
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Question 1
Find the value of the annuity and the interest. Round to the nearest dollar.
A = A = P =
Periodic Deposit: $2500 at the end of every three months
Rate: 4.5% compounded quarterly
Time: 12 years
◦ $380,187; $260,187
◦ $157,965; $37,965
◦ $153,735; $33,735
◦ $90,159; $29,841
Question 2
Find the value of the annuity and the interest. Round to the nearest dollar.
A = A = P =
Periodic Deposit: $10,000 at the end of every three months
Rate: 5.25% compounded quarterly
Time: 10 years
◦ $521,672; $121,672
◦ $127,256; $272,744
◦ $1,283,577; $883,577
◦ $505,044; $105,044
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Answer 1
$157,965; $37,965
Answer 2
$521,672; $121,672