This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Planning for their child's college education, David and Carol Roberts opened an account paying 6.36% ... (Read 647 times)

wenmo

  • Hero Member
  • *****
  • Posts: 540
on: Jun 6, 2019

Question 1

You have inherited some money and you want to set some of that money aside for ten years. After ten years, you would like to receive $7600.00 at the end of each 6 months for nine years. If the interest is 6.5% compounded semi-annually, how much of your inheritance must you set aside?

Question 2

Planning for their child's college education, David and Carol Roberts opened an account paying 6.36% compounded monthly. If ordinary annuity payments of $700.00 per month are to be paid out of the account for three years starting seven years from now, how much did the Roberts' deposit?
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by wenmo on Jun 6, 2019

jesse.fleming

  • Sr. Member
  • ****
  • Posts: 301
Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 58% of students answer this correctly


wenmo

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 6, 2019
Thanks


jesse.fleming

  • Sr. Member
  • ****
  • Posts: 301
Reply #3 on: Jun 6, 2019
Welcome :)


unknown21

  • Newbie
  • *
  • Posts: 1
Reply #4 on: Sep 11, 2019
thank you


Jaguar G.

  • Newbie
  • *
  • Posts: 1
Reply #5 on: Apr 20, 2020
thank you


Shovit Sagar

  • Newbie
  • *
  • Posts: 1
Reply #6 on: Oct 28, 2020
Thank You


Balvinder Singh

  • Newbie
  • *
  • Posts: 2
Reply #7 on: Feb 26, 2021
thanku


Jccccc

  • Newbie
  • *
  • Posts: 1
Reply #8 on: Feb 27, 2021
Thank you


« previous next »
 

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Because the leg muscles of children with muscular dystrophy are weak, they must perform the Gowers’ Because the leg muscles of children with muscular dystrophy are weak, they must perform the Gowers’
Donatello, David. Donatello, David.
Providing structure and organization in the child’s environment may aid the development of ... Providing structure and organization in the child’s environment may aid the development of ...
Adult, Child, and Infant CPR Standards Adult, Child, and Infant CPR Standards
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
Video: Phases of mitosis

For a complete list of videos, visit our video library