B. Show your complete solution. 1. What amount deposited today at 6% compounded yearly will allow you to withdraw $1000

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B Show Your Complete Solution 1 What Amount Deposited Today At 6 Compounded Yearly Will Allow You To Withdraw 1000 1 (56.73 KiB) Viewed 101 times

B. Show your complete solution. 1. What amount deposited today at 6% compounded yearly will allow you to withdraw $1000 at the end of each year for 12 years? 2. A deposit of $500 is made at the end of every six months. Find the balance in the account at the end of 10 years if the interest rate is 14% compounded semiannually? 3. The Toronto Star on February 15, 2007, describing getting rich slowly, but surely. You have 40 years to save. If you start early, with the power of compounding, what a situation would you would be in. Valerie is 25 years old and invests $3,000 for only six years in an ordinary annuity at 8% compounded annually. What is the final value of Valerie's investment at the end of year 6?