RequiredUsing the appropriate table solve each of the following:1. Hope Dearborn

RequiredUsing the appropriate table solve each of the following:1. Hope Dearborn invests $40000 on January 1 2007 in a savings account that earns interest of 8% compounded semiannually. What will be the amount in the fund on December 31 2012?2. Ben Johnson receives a bonus of $5000 each year on December 31. He starts depositing his bonus on December 31 2007 in a savings account that earns interest of 12% compounded annually. What will be the amount in the fund on December 31 2011 after he deposits his bonus received on that date?3. Ron Sewert owes $30000 on a non-interest-bearing note due January 1 2017. He offers to pay the amount on January 1 2007 provided that it is discounted at 10% on a compound annual discount basis. What would he have to pay on January 1 2007 under this assumption?4. June Stickney purchased an annuity on January 1 2007 which at a 12% annual rate would yield $6000 each June 30 and December 31 for the next six years. What was the cost of the annuity to Stickney?5. Five equal annual contributions are to be made to a fund the first deposit on December 31 2007. Determine the equal contributions that if invested at 10% compounded annually will produce a fund of $30000 on December 31 2012.6. Beginning on December 31 2008 six equal annual withdrawals are to be made. Determine the equal annual withdrawals if $11000 is invested at 10% interest compounded annually on December 31 2007.

You can place an order similar to this with us. You are assured of an authentic custom paper delivered within the given deadline besides our 24/7 customer support all through.