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Author Question: You miss the 11th to 13th payments of a loan. The loan payments are $519.27 each month and the ... (Read 425 times)

serike

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  • Posts: 542
on: Jun 6, 2019

Question 1

What is the final amount of an investment where you are making quarterly deposits of $672.31 at the end of the payment period for 7 years and 9 months? The interest rate is 6.16% compounded semi-annually.
◦ $26 407.57
◦ $26 611.57
◦ $28 811.16
◦ $26 811.16
◦ $28 611.16

Question 2

You miss the 11th to 13th payments of a loan. The loan payments are $519.27 each month and the interest rate is 8.45% compounded annually. How much are you behind in your payments on the day that you miss the 13th payment?
◦ $1586.40
◦ $1508.40
◦ $1658.40
◦ $1458.40
◦ $1568.40
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by serike on Jun 6, 2019

atrochim

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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.
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serike

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Reply 2 on: Jun 6, 2019
Thanks for the timely response, appreciate it

ttt030911

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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