What is the accumulated value of series of payments of $500 at the end of each year for 5 years at 12% interest compounded continuously?
1. What equal annual payment must be deposited into a sinking fund to accumulate $100,000 in 10 years at 10% interest compounded continuously?
2. What is the present worth of payment of $7,500 in 30 years at an interest rate of 10% compounded continuously?
3. What is the accumulated value of series of payments of $400 at the end of each year for 5 years at 9.8% interest compounded continuously?
4. What equal annual payment must be deposited into a sinking fund to accumulate $60,000 in 20 years at 13% interest compounded continuously?