Answer Happy

A man is disabled in an accident and wants to receive an insurance payment that will provide him with $1300 at the end of each month for 25 years. If the payment can be placed in an account that pays 9% compounded monthly, what size payment should he seek? He should seek a payment of $ (Simplify your answer. Round to the nearest cent as needed.)

To start a new business Beth deposits $2500 at the end of each period in an account that pays 9%, compounded monthly. How much will she have at the end of 8 years? At the end of 8 years, Beth will have approximately $ (Do not round until the final answer. Then round to the nearest hundredth as needed.)

To start a new business Beth deposits $2000 at the end of each six-month period in an account that pays 6%, compounded semiannually. How much will she have at the end of 9 years? At the end of 9 years, Beth will have approximately $ (Do not round until the final answer. Then round to the nearest hundredth as needed.)

At the end of t years, the future value of an investment of $44,500 in an account that pays 12% compounded monthly is S=44,500 1+ 121 1,500 (1+0,22) ¹2 dollars. For what time period (in years) will the future value of the investment be more than $266,8137 The investment will be worth more than $266,813 in years. (Type a whole number.) MIDD

At the end of t years, the future value of an investment of $10,000 in an account that pays 12% APR compounded monthly is 121 0.12 S=10,000 1+ 12 dollars. Assuming no withdrawals or additional deposits, how long will it take for the investment to amount to $50,000? The investment will grow to $50,000 in years. (Do not round until the final answer. Then round to two decimal places as needed.)