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Author Question: A retirement gratuity of $123 900.00 is invested in annuity deferred for 10 years. The annuity ... (Read 105 times)

asan beg

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Question 1

A lease valued at $47 600.00 requires payments of $4500.00 every three months. If the first payment is due 2 years after the lease was signed and interest is 6.88% compounded quarterly, what is the term of the lease?

Question 2

A retirement gratuity of $123 900.00 is invested in annuity deferred for 10 years. The annuity provides payments of $9600.00 due at the beginning of every six months. If interest is 7.41% compounded annually, for how long will annuity payments be made?


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Marked as best answer by asan beg on Jun 6, 2019

Laurenleakan

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asan beg

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Reply 2 on: Jun 6, 2019
Thanks for the timely response, appreciate it


Dnite

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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