I need some that knows Math of Finance
By augustm
@augustm (23)
Belize
July 1, 2009 12:54pm CST
I have four problems that is giving a very hard time to solve and i need answers, someone please help!
The questions are:
1) Jack makes a regular deposits of $500.00 at the end of each half-year for 5 years and then $800.00 for the next 3 years. Find the accumulated value of his deposits. find the accumulated value of his deposits if interest is at j2=11%.
2) Find the discounted values of the following ordinary annuities: (a) $500.00 a month for 4 years 3 months at j12=10%; (b) $800.00 per quarter for 6 years 3 months at j4=14 1/4% (c) $1000.00 per half-year for 10 years at j2=12.23%.
3) Deposits of $500.00 are made at the beginning of each half-year into an account paying j2=6%. How much is in the account (a) at the end of 5 years? (b) Just before the 6th deposits?
4) Find the amount of the annuity due rounded to the nearest cent.Amount of each deposit is $9600, deposited rate annually is 5%, and the time(years) is 8
please help I would appreciate if anyone can show the steps.
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