Mathematics, 05.10.2019 21:30 areynaguzman100

Question 1
use the future value formula to find the indicated value. fv=10,000; i=0.03; pmt=$800; n=? n= (round up to the nearest integer as needed)

question 2

acme annuities recently offered an annuity that pays 7.5 % compounded monthly. what equal monthly deposit should be made into this annuity in order to have $81,000 in 19 years?
the amount of each deposit should be $ (round to the nearest cent.)

question 3

a company estimates that it will need $87,000 in 8 years to replace a computer. if it establishes a sinking fund by making fixed monthly payments into an account paying 5.4% compounded monthly, how much should each payment be?
the amount of each payment should be $
(round to the nearest cent.)

Answers: 1

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Question 1
use the future value formula to find the indicated value. fv=10,000; i=0.03; pmt=...