How much must be invested at the beginning of each year at 8%, compounded annually, to...

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How much must be invested at the beginning of each year at 8%, compounded annually, to pay off a debt of $20,000 in 6 years?

Grandparents plan to open an account on the grandchilds birthday and contribute each month until she goes to college. How mu

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Answer 1

Answer #1

Ivana) Since the investments are madea at the beginning of each year the problem relates an annuity شعبيه annuity due b) usin b) Here FV - $ 160,000 annually Llet 12 1200 -0.00946667 n = 18 years 18 years = 10X129 216 mononi resing Future value of Ann

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Answer 2

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