Instructions: a. Match each question with the method listed below that would be used in providing...
Instructions: a. Match each question with the method listed below that would be used in providing a solution. b. Compute the answer to each of the following questions listed below and on the right.
Method
A. Present Value or Future Value of a Single Sum
B. Future Value of an Ordinary Annuity
C. Future Value of an Annuity Due
D. Present Value of an Ordinary Annuity
E. Present Value of an Annuity Due
F. Present Value of a Deferred Annuity
6. If Daisy invests $3,000 at 8% with interesr computed on the principal plus undistributed interest, how much will she have at the end of 10 years (annual compounding)?
Homework Answers
Method:
A. Present Value or Future Value of a Single Sum
solution:
Future Value of a Single Sum = single sum x FVF
= $3000 x 2.15892
= $6476.76
Where,
FVF(8%,10) = 2.15892
Add Answer to:
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Note: Only use the formula listed and show the steps of how you
reached the answer, I don't need to know just the answer, I'm
trying to learn. Thank you. Don't use...
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