Posted by **Dantavis** on Wednesday, April 14, 2010 at 10:01am.

7. Today you open a bank account and make a deposit of $6,000. Then you make the following deposits: in t=1 you deposit $6,500, in t=2 $45,000, in t=3 nothing, in t=4 nothing, in t=5 $7,000, in t=6 $8,700. You made your last deposit of $34,000 in t=7. Then, in t=10, you use all the money in your bank account to buy a financial security that guarantees 25 equal annual payments, with the first payment occurring in t=11. Assuming an annual interest rate of 10%, find the payment amount.

- Finance -
**dcf n**, Sunday, May 24, 2015 at 9:23pm
3245

## Answer This Question

## Related Questions

- math - Suppose you start saving today for a $30,000 down payment that you plan ...
- finance - You want to accumulate $1,000,000 in retirement funds by your 65th ...
- Finance - You can deposit 10,000 into an account paying 9% annual interest ...
- Reserves-PLEASE HELP! - The Norfolk Bank has $18,000 in excess reservces and the...
- Accounting - . Classify the following items as (a) an addition to the bank ...
- Math: Finance - Need help solving these finance questions? PV = C/r PV= C/r-g P...
- math - You want to have $85,000 college fund in 15 years. HOw much will you have...
- Math - If you deposit $900 semiannually in a bank which pays 6% interest ...
- Finance - Your grandparents deposit $1,000 each year on your birthday, starting ...
- Finance - If you deposit $4,000 at the end of each of the next 20 years into an ...

More Related Questions