# Yearly payments projection

by | Jul 27, 2021 | Homework Help

Abby Mia wants to know how much must be deposited in her local bank today so that she will receive yearly payments of \$18,000 for 20 years at a current rate of 9% compounded annually. (Use the tables in the handbook.) \$1,085.82 \$1,463.13 \$164,313 \$163,313 None of these

How much would Howard Steele need to invest today so that he may withdraw \$12,000 each year for the next 20 years, assuming a rate of 8% compounded annually? (Use the tables in the handbook.) \$117,817.20 \$454,144.00 \$112,817.20 \$549,144 None of these

Scott deposits \$5,000 at the end of each year into an account for five years. Assuming 6% interest annually, what is the value of his account in five years? \$67,060 \$21,873 \$30,100 \$28,185.50 None of these

Jorgen Grace made deposits of \$250 at the end of each year for 12 years. The rate received was 6% annually. What is the value of the investment after 12 years? \$2,028 \$3,000 \$4,217.48 \$4,200 None of these

Bram Johnson invests \$500 at the end of each quarter for 10 years. The account earns 12% interest annually. What is the value of the account at the end of 10 years? \$37,700 \$37,700.60 \$37,000 \$3,700 None of these

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