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businessfinancefinance questions and answersapollo enterprises has been awarded an insurance settlement of $2,000 at the end of each 6 month period for the next 14 years. (round your answers to the nearest cent.) (a) as the accountant, calculate how much (in $) the insurance company must set aside now at 6% interest compounded semiannually to pay this obligation to apollo. $ (b) how much (in $)
Question: Apollo Enterprises Has Been Awarded An Insurance Settlement Of $2,000 At The End Of Each 6 Month Period For The Next 14 Years. (Round Your Answers To The Nearest Cent.) (A) As The Accountant, Calculate How Much (In $) The Insurance Company Must Set Aside Now At 6% Interest Compounded Semiannually To Pay This Obligation To Apollo. $ (B) How Much (In $)
Apollo Enterprises has been awarded an insurance settlement of $2,000 at the end of each 6 month period for the next 14 years. (Round your answers to the nearest cent.)
(a)
As the accountant, calculate how much (in $) the insurance company must set aside now at 6% interest compounded semiannually to pay this obligation to Apollo.
$
(b)
How much (in $) would the insurance company have to invest now if the Apollo settlement was changed to $1,000 at the end of each 3 month period for 14 years and the insurance company earned 8% interest compounded quarterly?
$
(c)
How much (in $) would the insurance company have to invest now if the Apollo settlement was paid at the beginning of each 3 month period rather than at the end?