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Author Question: Erica intends to retire in 37.5 years and would like to receive $6600.00 every 6 months for 14 ... (Read 165 times)

storky111

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Question 1

The sale of property provides for payments of $10 000.00 due at the beginning of every three months for ten years. If the payments are deferred for five years and interest is 12% compounded monthly, what is the cash value of the property?

Question 2

Erica intends to retire in 37.5 years and would like to receive $6600.00 every 6 months for 14 years, starting on the date of her retirement. How much must she deposit in an account today if interest is 6.25% compounded semi-annually?


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Marked as best answer by storky111 on Jun 6, 2019

trampas

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storky111

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Reply 2 on: Jun 6, 2019
Wow, this really help


scottmt

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Reply 3 on: Yesterday
:D TYSM

 

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