Use the ordinary annuity formula shown to the right to determine the accumulated amount in the annulty if \( \$ 50 \) is invested semlannually for 25 years at \( 3.5 \% \) compounded semiannually. \( \quad \mathrm{A}=\frac{\mathrm{r}}{\mathrm{n}}\left[\left(1+\frac{\mathrm{r}}{\mathrm{n}}\right)^{\mathrm{nt}}-1\right]^{\mathrm{r}} \)

Phil is shopping for an annuity that guarantees he CANNOT outlive the benefits. Which of these benefit options would he choose?Accelerated lifetime benefitGuaranteed lifetime withdrawal benefitRight of income riderGuaranteed minimum accumulation benefit

Find the final hourly wage if a \( \$ 9.00 \) starting wage is increased by \( 4.5 \% \) each year for 8 years.

The original price of a tablet was \( \$ 550 \). During a sale, Melvin was given a 30\% discount for the tablet. How much did he pay for the tablet?

"In addition, she said banks operating in Africa need to have a more end-to-end approach to risk management, considering bankability at all stages." As a followe up to Question 1 above and in addition to the solutions recommended in the anticle, recornmend how Southern African financial institutions can improve their risk management strategy.

You deposit \( \$ 1000 \) each year into an account earning \( 7 \% \) interest compounded annually. How much will you have in the account in 35 years?