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Calculus II HomeworkSection12.2 Annuities: An application of SequencesProblems1-25 odd, 31, 33, 35, 37, 41, 43, 45, 47
Find the amount of each ordinary annuity. (Interest is compounded annually.)
1.
 R
= $120,
i
= 0.05,
n
= 103.
 R
= $9000,
i
= 0.06,
n
= 185.
 R
= $11,500,
i
= 0.055,
n
= 30
Find the amount of each ordinary annuity based on the information given.
7.
 R
= $10,500, 10% interest compounded semiannually for 7 years9.
 R
= $1,800, 8% interest compounded quarterly for 12 years
Find the periodic payments that will amount to the given sums under the given conditions
11.
S 
= $10,000; interest is 8% compounded annually; payments are made at the end of each year for 12years.13.
S 
= $50,000; interest is 12% compounded quarterly; payments are made at the end of each quarter for 8 years.
Find the present value of each ordinary annuity.
15. Payments of $5000 are made annually for 11 years at 6% compounded annually.17. Payments of $1400 are made semiannually for 8 years at 6% compounded semiannually.19. Payments of $50,000 are made quarterly for 10 years at 8% compounded quarterly.Find the lump sum deposited today that will yield the same total amount as payments of $10,000 at theend of each year for 15 years, at the following interest rates. Interest is compounded annually.21. 5%23. 8%
Find the payments necessary to amortize each loan.
25. $2500, 16% compounded quarterly, 6 quarterly paymentsBusiness and Economics31.
 Amount of an Annuity
Lynn Long deposits $12,000 at the end of each year for 9 years in anaccount paying 8% interest compounded annually. Find the final amount she will have on deposit.33.
Sinking Fund 
Scott Perrine needs $10,000 in 8 years. What amount should he deposit at the endof each quarter at 16% compounded quarterly to accumulate the $10,000?35.
Sinking Fund 
Jeanne Zalesky wants to buy a car that she estimates will cost $24,000 in 5 years.How much money must she deposit at the end of each quarter at 12% interest compounded quarterly inorder to have enough to 5 years to pay for her car?
 Individual Retirement Accounts
With Individual Retirement Accounts (IRAs), a worker whoseincome does not exceed certain limits can deposit up to a certain amount annually, with taxes deferred
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