1.Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $1600/semiannual period for 6 years at 3.5%/year compounded semiannually 2. Find the amount (future value) of the ordinary annuity. (Round your answer to the nearest cent.) $1200/quarter for 7 years at 3%/year compounded quarterly 3.Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) $1500/semiannual period for 9 years at 5%/year compounded semiannually 4.If Jackson deposits $50 at the end of each month in a savings account earning interest at a rate of 2%/year compounded monthly, how much will he have on deposit in his savings account at the end of 5 years, assuming he makes no withdrawals during that period? (Round your answer to the nearest cent.) 5.The Pirerras are planning to go to Europe 2 years from now and have agreed to set aside $130/month for their trip. If they deposit this money at the end of each month into a savings account paying interest at the rate of 3%/year compounded monthly, how much money will be in their travel fund at the end of the second year? (Round your answer to the nearest cent.) 6.A state lottery commission pays the winner of the Million Dollar lottery 40 installments of $25,000/year. The commission makes the first payment of $25,000 immediately and the other n = 39 payments at the end of each of the next 39 years. Determine how much money the commission should have in the bank initially to guarantee the payments, assuming that the balance on deposit with the bank earns interest at the rate of 2%/year compounded yearly. Hint: Find the present value of the annuity. (Round your answer to the nearest cent.)

Place this order or similar order and Get High Quality Custom Made Content. “ ” for 20% discount

The price is based on these factors:

Academic level

Number of pages

Urgency

Basic features

- Free title page and bibliography
- Unlimited revisions
- Plagiarism-free guarantee
- Money-back guarantee
- 24/7 support

On-demand options

- Writer’s samples
- Part-by-part delivery
- Overnight delivery
- Copies of used sources
- Expert Proofreading

Paper format

- 275 words per page
- 12 pt Arial/Times New Roman
- Double line spacing
- Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Delivering a high-quality product at a reasonable price is not enough anymore.

That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more