Videos: General Annuities
3. You are shopping for a $100,000 mortgage and the bank has quoted you a rate of j2=6% .If you will make monthly payments for 20 years how much will your payments be?
4. You want to have accumulated $4,000 for your European trip four years from now. If interest is 6.4% compounded monthly, find the size of the quarterly deposits required for 4 years if deposits are made at the beginning of each quarter.
Chapter Attribution
Video chapter in Business Mathematics by Chris Kellman, Leslie Major, Don Mallory, Frank Gruen, and Amy Goldlist shared under a CC BY-NC license.
