NOTE: please don’t use excel. Thank you Ordinary Annuity:1. Tim deposits P750 every end of 3 months in anaccount paying 5% interest compounded quarterly.What amount is in the account at the end of 4years and6 months?2. Find the amount and the present value of an annultyof P550 payable every three months for 7 years and 3months, if money is worth 5%, compounded quarterly.3. Find the cash value of a washing machine that can bebought for P1, 500 downpayment, and P650 a month for18 months, if money is worth 6% compounded monthly?

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1. Tim deposits P750 every end of 3 months in an account paying 5% interest compounded quarterly. What amount is in the account at the end of 4 years and 6 months?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 24P

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NOTE: please don’t use excel. Thank you

Ordinary Annuity:
1. Tim deposits P750 every end of 3 months in an
account paying 5% interest compounded quarterly.
What amount is in the account at the end of 4
years and
6 months?
2. Find the amount and the present value of an annulty
of P550 payable every three months for 7 years and 3
months, if money is worth 5%, compounded quarterly.
3. Find the cash value of a washing machine that can be
bought for P1, 500 downpayment, and P650 a month for
18 months, if money is worth 6% compounded monthly?

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