(Answered) If a five-year ordinary annuity has a present value of 1000

Finance

If a five-year ordinary annuity has a present value of $1,000, and if the interest rate is 8%, what is the amount of each annual payment?

At an inflation rate of 6%, the purchasing power of a $1.00 is cut in half in 11.9 years. How long would it take at 2% annual inflation?

What's the remaining balance on a 30 year, 125,000, 4% mortgage after 17.5 years?

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