eddieozil10Lv2

14 Feb 2023

2. Calculate the amount of each annuity.

a. $ 1000 deposited every six months for 6 years at  % compounded semiannually.

 

b. $ 600 deposited at the end of each year for 10 years at 4.25% compounded annually.

 

c. $ 1500 deposited at the end of every three months for 25 years at 5.75% compounded quarterly.

 

3. Brianna deposits $ 150 at the end of each quarter into an account that pays 8%$compounded quarterly. Calculate the amount in the account at the end of each time period.

 

a. 4 years

b. 9 months

c. 6.75 years

d. 20.5 years

 

4. Beginning one month after birth of their son, Noah, the Nelsons deposited $ 100 each month in an annuity for his college fund. The annuity earned interest at an average rate of 6.8% compounded monthly until his   birthday. What was the amount of Noah's college fund on his birthday?

 

5. Referring to question 4 , how much interest did Noah's college fund earn in total on his birthday?