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Direction: Solve for the (a) Present Value of Simple Annuity; and (b) Future Value of Simple Annuity. Identify (a) payme
Posted: Wed Mar 30, 2022 3:41 pm
by answerhappygod
- Direction Solve For The A Present Value Of Simple Annuity And B Future Value Of Simple Annuity Identify A Payme 1 (252.97 KiB) Viewed 44 times
Direction: Solve for the (a) Present Value of Simple Annuity; and (b) Future Value of Simple Annuity. Identify (a) payment schedule; and (b) duration of payment. 1. At the beginning of each month, Php 935 is deposited into a retirement fund. The fund earns 8% annual interest, compounded monthly. How much is in the account if deposits are made for 18 years? Given: (4pts) a. Present Value (5pts) b. Future Value (5pts) Payment Schedule: (3pts) Duration of Payment: (3pts) 2. Mr. Darwin has to pay Php 29 013.55 every three months for the appliances he purchased at an interest of 4.5% compounded quarterly. Find the present value and future value of simple annuity. Given: (4pts)