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  3. 1-bomac steel sets aside $5000 at the beginning of

1-Bomac steel sets aside $5000 at the beginning of every six months in a...

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Accounting

1-Bomac steel sets aside $5000 at the beginning of every six months in a fund to renlace equipment. If interest is 6 % con quarterly, how much will be in the 1 five years?

2- An annuity with a cash value of $14 500 earns 7% semi-annually. End-of-period, semi-annual payments to the beneficiary are deferred for 7 years, and then continue for 10 years. How much is the amount of each payment?

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