Number of Annulty Payments Phoebe realizes that she has charged too much on her credit...
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Number of Annulty Payments Phoebe realizes that she has charged too much on her credit card and has racked up $10,000 in debt. If she can pay $300 each month and the card charges 18 percent APR (compounded monthly), how long will it take her to pay off the debt? 27,23 months 33.33 months 46.56 months 69.70 months Future Value of an Annuity What is the future value of an $800 annuity payment over 15 years if the interest rates are 6 percent? $1,917.25$7,002.99$12,720.00$18,620.78 Present Value Given a 5 percent interest rate, compute the present value of deposits made in years 1,2,3, and 4 of $1,000,$1,400,$1,400, and $1,500. $4,360.32$4,665.65$5,047.62$5,305.00
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