How much should deposit at the beginning of each year

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Problem 1: José Ríos has acquired public liability insurance, of which he pays $3,800, at the beginning of each year, at a rate of 4%. How much will you have paid after 5 years?

Problem 2: Irma Rodríguez will deposit $3,500 at the end of each year, for 9 years, with 8% per annum. What is the present value of this transaction?

Problem 3: Lourdes Meléndez wants to save $500,000 in 25 years. Its mutual fund yields 11% per annum. How much should you deposit at the beginning of each year?

Reference no: EM132696236

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