Ch. 14 Answers

Same as Chapter 13.

These are my chapter 14 answers but I still haven't done 6-10 yet

1 Annuity
2 Sinking Fund
3 Contingent Annuity
4 Ordinary Annuity
5 Annuity Due
6 ?
7 ?
8 ?
9 ?
10 ?
11 $71,409.60
12 $44,638.18
13 $17,290.84
14 $5,179.16
15 $38,012.65
16 $17,468.08
17 $5,330.65
For the pick 3 i did these 3
18 $15,525
19 $30,900
23 $1,085.28

As with chapter 13, I'm not 100% these are all right. More then likely they are wrong but then again.....

Admin wrote:These are my chapter 14 answers but I still haven't done 6-10 yet

1 Annuity
2 Sinking Fund
3 Contingent Annuity
4 Ordinary Annuity
5 Annuity Due
6 ?
7 ?
8 ?
9 ?
10 ?
11 $71,409.60
12 $44,638.18
13 $17,290.84
14 $5,179.16
15 $38,012.65
16 $17,468.08
17 $5,330.65
For the pick 3 i did these 3
18 $15,525
19 $30,900
23 $1,085.28

As with chapter 13, I'm not 100% these are all right. More then likely they are wrong but then again.....

These answers I'm not too sure about. For some reason these seemed to give me problems(6-9)
6 $33,220.12
7 $136,306.17
8 $2,657.88
9 $776,630.30
10 $1665.82

Updated Answers with the help of the ever so smart Dani

1 Annuity
2 Sinking Fund
3 Contingent Annuity
4 Ordinary Annuity
5 Annuity Due
6 $33,435.50
7 $133,633.50
8 $2657.88
9 $776,630.30
10 $1,665.82
11 $71,409.60
12 $37,804.73
13 $17,290.84
14 $5,179.16
15 $38,012.66
16 $17,468.07
17 $5,330.65
For the pick 3 i did these 3
18 $16,650.46
19 $40,305
23 $1,085.28

I got the same answers, except for #6.
My answer is $33,220.13
I did $8,000( 1.025 to the fourth power - 1) divided by .025

8000(1.025)=8200
(8200+8000)(1.025)=16,605
(16,605+8000)(1.025)=25220.13
(25220.13+8000)(1.025)
$34,050.63