Sunday, 5 April 2015

(Compound annuity) What is the accumulated sum of each of the following streams

(Compound annuity) What is the accumulated sum of each of the following streams of

payments?

a. $500 a year for 10 years compounded annually at 5 percent

b. $100 a year for 5 years compounded annually at 10 percent

c. $35 a year for 7 years compounded annually at 7 percent

d. $25 a year for 3 years compounded annually at 2 percent



(Compound annuity) What is the accumulated sum of each of the following streams

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