A couple of math questions.. lowest bid and quickest answer will get this
A couple of math questions.. lowest bid and quickest answer will get this
1) Recently, More Money 4U offered an annuity that pays 4.8% compounded monthly.
If $840 is deposited into this annuity every month, how much is in the account
after 7 years? How much of this is interest?
Type the amount in the account: $________
Round to the nearest dollar.
Type the amount of interest earned: $_______
Round to the nearest dollar.
2) In order to accumulate enough money for a down playment on a house, a couple deposits
$475 per month into an account paying 6% compounded monthly. If payments are made at the
end of each period, how much money will be in the account in 5 years?
Type the amount in the account: $___
(Round to the nearest dollar.)
3) Acme Annuities recently offered an annuity that pays 4.5% compounded montly. What equal
montly deposit should be made into this annuity in order to have $144,000 in 20 years?
The amount of each deposit should be: $___
(Round to the nearest cent.)

