1 Find the Future Value of an Ordinary Annuity if it pays an amount of $11,264 at an interest rate of 9.20% for 17 years. $436,708.18 B) s424,190.44 $440,812.59 D s439,297.41 Alvin borrowed a certain...

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Extracted text: 1 Find the Future Value of an Ordinary Annuity if it pays an amount of $11,264 at an interest rate of 9.20% for 17 years. $436,708.18 B) s424,190.44 $440,812.59 D s439,297.41 Alvin borrowed a certain amount from John, which has to be paid regularly with an amount of $12,000 for 6 years. However, Alvin told his friend that this loan will have a rate of deferral equal to a maximum of 2 years. If the interest rate is at 8% compounded semi-annually, what is the Present Value? A s89,742.75 B) s104,124.34 $92,513.29 $96,268.80 3 Suppose you want to save money for your child's college expenses. You dep an interest rate of 5%. How much is available for your child when he or she starts school? 000 at the beginning of each year for 18 years, at A s27,205.00 B) s29,539.00 $28,631.00 $25,419.00