Annuities Due (start at the BEGINNING, BGN on)
5. You deposit $1000 at the end of each quarter into an account that pays j4 =10%.
a. Find the future value in one year.
b. You make the deposits at the beginning of the quarter. How much money will you have at the end of the year?
6. You begin a savings plan. At the beginning of each month you deposit $250 into an account that pays j12= 9%. How much money will you have after 5 years?
Summary of Types of Annuities
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