t accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.) $170 deposited monthly for 20 years at 3% per year in an account containing $11,000 at the start

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A:

Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

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Q: Find the periodic payments PMT necessary to accumulate the given amount in an annuity account.…

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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: Solution- Period Principle amount PV @ 5.7% Present value 1 1200 .94607 1135.284 2 1200…

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A: “Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…

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A: 1) Solved using Financial Calculator  PV = +/- 200,000 FV = 10,000 I/Y = 4/12 = 0.33 N = 16*12 = 192…

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A: Information Provided: Future value = $80,000 Interest = 3% Term = 20 years Payments = Quarterly

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