Future and Present Value of Annuity

Accounting
Tutor: None Selected Time limit: 1 Day

Dear Professor, please help in this problem.

Bob borrowed $100,000 on 1/1/2015. The interest rate of 10% is compounded semiannually to be repaid 1/1/2025. To repay this Bob wants to start making 5 equal annual deposits into fund that earns 8% annum on 1/1/2020. Required: What is the amount of the five annual deposits that Bob needs to make?

Thanks.

Robelyn

Sep 28th, 2015

Thank you for the opportunity to help you with your question!

Hi , I can help you on this , it's a hard and long question, and I will surely help you if you can pay an amount of $5. For this post a question paid . I will bid and you will accept it. If If you wanna pay less you can reply to me. And please DONOT WITHDRAW this question as it will leave a negative review on me. 
Please let me know if you need any clarification. I'm always happy to answer your questions.
Sep 28th, 2015

Dear Professor Soyeb,

Yes, I am willing to pay you $5, I don't know how to pay please let me know. I have $20 balance in my account you can take or please instruct me how to pay you. I've been trying to send a paid question but every time I click submit there were always wrong it didn't go through.

Please help me.

Thanks.

Robelyn

Sep 28th, 2015

I click the Paid button I hope I did it correct.

Sep 28th, 2015

Yes you need to click on paid question and post it

Sep 28th, 2015

Dear Prof. Soyeb,

Here's the question.

Bob borrowed $100,000 on 1/1/2015. The interest rate of 10% is compounded semiannually to be repaid on 1/1/2025. To repay this Bob wants to start making 5 equal annual deposits into fund that earns 8% annum on 1/1/2020.

Required: What is the amount of the five annual deposits that Bob needs to make?

Thanks.

Robelyn


Sep 28th, 2015

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Sep 28th, 2015
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Sep 28th, 2015
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