Juanita Domingo's parents want to establish a college trust for her. They want to make...
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Juanita Domingo's parents want to establish a college trust for her. They want to make 18 carterly withdrawals of 2000, with the first withdrawal 3 months from now. If money is worth compounded quarterly, how much must be deposited how to provide for this trust? (a) Decide whether the problem relates to an ordinary annuity or an annully due. ordinary annuity annuity due (0) Solve the problem. (Round your answer to the nearest) Need Help? 13. [-11 Points! DETAILS HARMATHAP12 6.4.041. MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Suppose an individual makes an initial inwestment of $1,600 in an account that carnis 7., compounded monthly, and makes additional contribution of 100 at the end of each month for a period of 12 years. After these 12 years, this individual wants to make withdrawal of the end of each month for the next years (eo that the account balance will be reduced to 50). Round your answers to the nearest ) (a) How much is in the account after the last deposit is made (b) How much was posted? c) What is the amount of each withdrawal (a) What is the total amount withdrawn Need Help
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