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Posted by: Homeworkhelp
Price Quoted by Student: $6
Posted On: 2011-08-20 08:08:16
 
Question

 For each of the following situations involving annuities, solve for the unknown (?). Assume that interest

ANSWER KEY E 6-9 Solving for unknowns; annuities

E 6-9 For each of the following situations involving annuities, solve for the unknown (?). Assume that interest is compounded annually and that all annuity amounts are received at the end of each period. (i = interest rate, and n = number of years)

Present value   Annuity amount                       i          n

1.         ?                      $3,000                                     8%       5

2.         $242,980         75,000                                     ?          4

3.         161,214           20,000                                     9          ?

4.         500,000           80,518                                     ?          8

5.         250,000           ?                                  10        4



Solutions
ANSWER KEY Exercise 6-9   1. PVA
Price $6
Attachment 1: E 6-9 For each.doc
Solution Posted By: Homeworkhelp    Posted on: 20-08-2011