What is the future value of ?$480 per year for 10 years compounded annually at 10 percent?
What is the present value of ?$3500 per year for 9 years discounted back to the present at 10 percent?
To pay for your? child's education, you wish to have accumulated ?$10, 000 at the end of 13 years. To do? this, you plan to deposit an equal amount into the bank at the end of each year. If the bank is willing to pay 13 percent compounded? annually, how much must you deposit each year to obtain your? goal?