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20. Starting on January 1, 1991, and then on each January 1 until 2000 (10 payments), you will make payments of $7,000 into a
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Answer #1

b. $203,571.04

19 mioca- А 1 Year Time till 31st Dec 2010 01-Jan-91 01-Jan-92 01-Jan-93 01-Jan-94 01-Jan-95 01-Jan-96 01-Jan-97 01-Jan-98 13
ДА 1 Year Time till 31st Dec 2010 Future Value of $7000 2 33239 =7000*1.07^B2 3 33604 =7000*1.07^B3 4 33970 18 =7000*1.074B4

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