Question

(1) (a) Find the periodic payments that will amount to the given sums under the given conditions. S = $8000;interest is 4% compounded monthly, payments are made at the end of each month for 5 years. $S = frac{R[(1+i)^n - 1]}{i}$ (b) Find the present value of each ordinary annuity. Payments $9800 are made quarterly for 15 years at 4%, compounded quarterly. $P = frac{R[1 - (1+i)^{-n}]}{i}$

          (1) (a) Find the periodic payments that will amount to the given sums under the given conditions. S = $8000;interest is 4% compounded monthly, payments are made at the end of each month for 5 years.
$S = frac{R[(1+i)^n - 1]}{i}$
(b) Find the present value of each ordinary annuity. Payments $9800 are made quarterly for 15 years at 4%, compounded quarterly.
$P = frac{R[1 - (1+i)^{-n}]}{i}$

$(1) (a) Find the periodic payments that will amount to the given sums under the given conditions. S = 8000;interest is 4% compounded monthly, payments are made at the end of each month for 5 years.S = fracR[(1+i)^n - 1]i(b) Find the present value of each ordinary annuity. Payments9800 are made quarterly for 15 years at 4%, compounded quarterly. P = fracR[1 - (1+i)^-n]i$

Added by Amanda W.

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