This topic contains a solution. Click here to go to the answer

Author Question: Use Table 12-2 in your text to find how much should be deposited now at 8 interest, compounded ... (Read 84 times)

HudsonKB16

  • Hero Member
  • *****
  • Posts: 535
Use Table 12-2 in your text to find how much should be deposited now at 8 interest, compounded semiannually, to yield an annuity payment of 400 at the END of each 6 months, for 1 year.
 A) 859.24
  B) 754.44
  C) 645.59
  D) 923.72

Question 2

Suppose that your bank pays 10 interest, compounded semiannually. Use Table 12-2 of your text to find how much should be deposited now to yield an annuity payment of 400 at the END of every six months, for 4 years.
 A) 2,585.28
  B) 3,819.64
  C) 1,267.95
  D) 1,856.40



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

raili21

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

B

Answer to Question 2

A




HudsonKB16

  • Member
  • Posts: 535
Reply 2 on: Jun 24, 2018
Wow, this really help


parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

For a complete list of videos, visit our video library