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Author Question: The sale of property provides for payments of $4500.00 due at the beginning of every three months ... (Read 138 times)

stephzh

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Question 1

Sundeep wants to withdraw $1000.00 at the beginning of each quarter for twelve years. If the withdrawals are deferred to begin ten years from now and interest is 4.5% compounded monthly calculate the amount that must be invested today to be able to make the withdrawals.

Question 2

The sale of property provides for payments of $4500.00 due at the beginning of every three months for five years. If the payments are deferred for two years and interest is 6% compounded monthly, what is the cash value of the property?


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Marked as best answer by stephzh on Jun 6, 2019

T4T

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