5. The amount (future value) of an ordinary annuity is given.
Find the periodic payment. (Round your final answer to two decimal
places.) A = $12,500, and the annuity earns 6% annual interest
compounded monthly for 10 years.
4. Determine the amount of the ordinary annuity at the end of the
given period. $6,000 deposited semiannually
at 5.2% annual interest for 10 years.
3. Determine the amount of the ordinary annuity at the end of the
given period. $800 deposited annually
at 5.5% for 10 years.
2. Determine the amount of the ordinary annuity at the end of the
given period. $16,000 deposited annually
at 8% for 15 years.