For All Practical Purposes Mathematical Literacy in Todays World
Quiz 22: Borrowing Models
How Much Would You Have to Invest Each Quarter in an Annuity
How much would you have to invest each quarter in an annuity earning 5% quarterly to earn $5000 at the end of five years?
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Find the future value of an annuity with weekly deposits of $12, made over a period of five years, with 3.8% interest compounded weekly.
You invest $325 each quarter into an annuity earning 9% compounded quarterly. How much do you have at the end of 10 years?
How much would you have to invest each month in an annuity earning 4.9% monthly to earn $35,000 at the end of 20 years?
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