(A) A company borrowed $ 150,000. The company plans to set up a sinking fund that will payback the loan at the end of 10 years. Assuming a rate of 8% compounded semiannually, find the Sinking Fund of the ordinary annuity.(7 points)
(B) An employee decided to invest $ 2,500 quarterly for eight years in an ordinary annuity at(7 points)20%. What is the total cash value of the annuity at end of year 8?
(C) What must YOU invest today to receive an annuity of $ 12,600 for 12 years compounded at8% quarterly when all withdrawals will be made at the end of each period? (6 points)
Getting answers to your urgent problems is simple. Submit your query in the given box and get answers Instantly.