Videos: Annuities Due
Annuities Due (start at the BEGINNING, BGN on)
5. You deposit $1000 at the end of each quarter into an account that pays j4 =10%.
- Find the future value in one year.
- You make the deposits at the beginning of the quarter. How much money will you have at the end of the year?
6. You begin a savings plan. At the beginning of each month you deposit $250 into an account that pays j12= 9%. How much money will you have after 5 years?