Q1A) In order to accumulate $5,000, Mr. Azule have to deposits $100 at the end of each month as long as necessary. Inter

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Q1a In Order To Accumulate 5 000 Mr Azule Have To Deposits 100 At The End Of Each Month As Long As Necessary Inter 1 (26.09 KiB) Viewed 44 times

Q1A) In order to accumulate $5,000, Mr. Azule have to deposits $100 at the end of each month as long as necessary. Interest is 15% compounded monthly find; 1) The number of regular payments and the fractional periods that are required for Mr. Azule to accumulate the $5000 il) The size of the smaller final payment if the payment will be made in addition to the last regular payment ili) The size of the smaller final payment if the payment will be made one month following last regular payments iv) The size of the smaller final payment if the payment will be made during the nth following the last regular payment. B) You deposit $1,000 into account A and $750 into B. Account A earns an effective annual interest of 596. Account B earns interest at [4). Ten years later the two accounts have the same accumulated value. Find I^(4) (Express as percentage to 2 decimal place).