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Safari File Edit View History Bookmarks Window Help ??74% C !" Thu Mar 29 10:58 AM Q?? webassign.net Other Math question Chegg.com Home | M y Sac State Files Hw#12 Sec. 4.2 a firecracker splits into 2 fra -0.05 points TanApMath5 4 2010. My N Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $1000/semiannual period for 6 yr at 11%/year compounded semiannually 10.05 points TanApMath542014. ?? N Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $180/month for 10 yr at 6%/year compounded monthly Need Help?t Tuk to a Tuter 0.05 points TanApMath5 42.016.MI. My N If Jackson deposits $140 at the end of cach month in savings account earning interest at ? rate of 8%/year compounded monthly, how much will he have on deposit in his savings acount at the end of S yr, assuming he makes o withdrawals during that period? (Round your answer to the nearest cent.) Need Help? Liwan. L Master"-I Talk to a .Tutori 7. -10.05 points TanApMath5 4.2.016.MI.SA My N This question has several parts that must be completed sequentially. If you skip a part of the question, you will not receive any points for the skipped part, and you wl not be able to come back to the skipped port Tutorial Exercise lf Jackson deposits $160 at the end of each month in a savings account carning interest at a rate of 7%/year compounded monthly, how much will he have on deposit in his savings account at the end of 8 yr assuming he makes no withdrawals during that period? (Round your answer to the nearest cent.) Click hore to begin! Need Help?Read ItTak to Tuter

Explanation / Answer

Hi,
Its against policy ti post multiple questions as one, answering the 1st and 2nd as mandated by chegg policy
Present value of an ordinary annuity is given by the formula
A = P[(1 - (1 / (1 + r)n)) / r]
where
P is the periodic payment done
r is the rate of interest per period
n is the number of periods
4. Here given P= 1000, r=11% i.e 0.11 and given total duration is 6 years where each period is semiannual which means n=12,substituting values in above formula we get present value= $6,492.36

5. here given P=180 , r=6 and total duration is 10 years with each period as 1 months, hence n=120 periods
substituting the values in above formula present value= $2997.24

Thumbs up if this was helpful, otherwise let me know in comments

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