A) Use the appropriate formula to find the value of the annuity. B) Find the interest. Periodic Deposit Rate Time ​$8000 at the end of each year 4.5% compounded annually 10 years   A) The value of the annuity is $ ? ​​(Do not round until the final answer. Then round to the nearest dollar as​ needed.)   B) The interest is $ ? ​(Use the answer from part​ (a) to find this answer. Round to the nearest dollar as​ needed.)

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A: “Hey, since there are multiple (two different) questions posted, we will answer first question. If…

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A: Since rate is 5% simple interest we will not be using the compounding functions.

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A: Amount of deposit(m): $800 Frequency(n): annually Rate(r): 1% Time(t): 30 years

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A: PV: It is the current worth of cash flows that are expected to happen in the future.

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A:

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A:

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Types of Insurance Contract

Insurance is a contract wherein an individual or entity gets financial protection from the insurance company for any damages or losses incurred. The individual or entity is called the insured, whereas the insurance company is called the insurer. The insured and the insurer enter a legal contract for a fixed term called the insurance term, and the contract is called an insurance policy.