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