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Life for Kids Company, a small producer of plastic swimming toys, wants to determine the most it should pay to purchase a particular ordinary annuity. The annuity consists of cash flows of $700 at the end of each year for 5 years.
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The formula is A = (R((1+ i)^n 1))/i R is the regular payments i is the interest n is the number of compounding periods Determine the amount of each ordinary simple annuity. A) $650 deposited every 6 months for 8 years at 9% per
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Can someone tell me if this is ordinary annuity of future or ordinary values sinking funds present value or what is it. The question is You are earning an average of 46500 and will retire in 10 years. If you put 20% of your gross
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James has set up an ordinary annuity to save for his retirement in 19 years. If his monthly payments are $250 and the annuity has an annual interest rate of 7.5%, what will be the value of the annuity when he retires? I am
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