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Question 1 What is the accumulated sum of the following stream of payments? $924 every year at the...

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Finance

Question 1

What is the accumulated sum of the following stream ofpayments?
$924 every year at the end of the year for 11 years at 5.88percent, compounded annually.

Round the answer to two decimal places and showwork

Question 2

For the next 15 years, you decide to place $4,171 in equalyear-end deposits into a savings account earning 14.91 percent peryear. How much money will be in the account at the end of that timeperiod?

Round the answer to two decimal places and showwork

Question 3

What is the present value of the following annuity?
$994 every year at the end of the year for the next 13 years,discounted back to the present at 14.31 percent per year,compounded annually?

Round the answer to two decimal places and showwork

Question 4

You have accumulated some money for your retirement. You aregoing to withdraw $98,014 every year at the end of the year for thenext 21 years. How much money have you accumulated for yourretirement? Your account pays you 3.86 percent per year, compoundedannually. To answer this question, you have to find the presentvalue of these cash flows.

Round the answer to two decimal places.

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