« previous next »

Author Question: Use the appropriate formula to find how much you should deposit now at 9 interest, compounded ... (Read 63 times)

j.rubin

  • Hero Member
  • *****
  • Posts: 557
on: Jun 24, 2018
Use the appropriate formula to find how much you should deposit now at 9 interest, compounded annually, to yield an annuity payment of 1,200 at the BEGINNING of each year, for 18 years.
 A) 10,252.36
  B) 7,870.92
  C) 7,486.12
  D) 11,452.36

Question 2

Use the appropriate formula to find the amortization payment you would need to make each three months, at 8 interest compounded quarterly, to pay off a loan of 8,000 in 6 years.
 A) 1,730.52
  B) 422.97
  C) 1,288.29
  D) 316.61


sultana.d

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

j.rubin

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Jun 24, 2018
Thank you


sultana.d

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jun 24, 2018
No problemo


« previous next »
 

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

BMI Formula BMI Formula
How to use a tree diagram to find the probability How to use a tree diagram to find the probability
Growing Interest in Sugar-Free Foods and Beverages Growing Interest in Sugar-Free Foods and Beverages
People in poor, urban areas often find themselves in “food deserts" People in poor, urban areas often find themselves in “food deserts"
Pressure and altitude with formula Pressure and altitude with formula
A solenoid has an area of 41.0 cm2. Find the change in magnetic flux through the solenoid. A solenoid has an area of 41.0 cm2. Find the change in magnetic flux through the solenoid.
Video: Muscle Twitch and Muscle Tension - Motor unit size and force

For a complete list of videos, visit our video library