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Invest quarterly in a fund paying

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1.) Alexandria wants to receive $12,000 a year for 8 years. How much must Alexandria invest today in an annuity that pays 5% annually?

2.) Bill Jones plans to deposit $2100 at the end of every 6 months for the next 20 years into an annuity that pays 6%. What will be the value of Bill's annuity at maturity?

3.) Johnson trucking company will have a $40,000 payment due in 5 years. How much would they need to invest quarterly in a fund paying 8%?

4.) Abby plans to deposit $100 at the end of every quarter for the next 10 years into an annuity that pays 6%. What will be the value of Abby's annuity at maturity?

Reference no: EM132494679

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