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

Author Question: National Research Council is considering the establishment in perpetuity of a Visiting Professor ... (Read 212 times)

fagboi

  • Hero Member
  • *****
  • Posts: 535
on: Jun 6, 2019

Question 1

Asif received a bonus of $10 000, which he immediately invested in a fund earning 9.25% compounded semi-annually through his Tax Free Savings Account. Five years later, Asif plans to make the first semi-annual withdrawal of $1000. After how many withdrawals, the fund will be completely depleted?
◦ 27
◦ 20
◦ 28
◦ 29
◦ 10

Question 2

National Research Council is considering the establishment in perpetuity of a Visiting Professor chair at UOIT. The ongoing cost will be $12 500 at the end of each month. If the money can earn 8% compounded monthly in perpetuity, what endowment is required to fund the position?
◦ $2 000 000
◦ $1 875 000
◦ $937 500
◦ $156 250
◦ $312 500
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 fagboi on Jun 6, 2019

Sassygurl126

  • Sr. Member
  • ****
  • Posts: 320
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 60% of students answer this correctly


fagboi

  • Member
  • Posts: 535
Reply 2 on: Jun 6, 2019
Great answer, keep it coming :)

at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Indian wild boar (Sus scrofa cristatus) at Ranthambore National Park Indian wild boar (Sus scrofa cristatus) at Ranthambore National Park
Four cheetahs at Serengeti National Park, Tanzania Four cheetahs at Serengeti National Park, Tanzania
The underhood decal showing that this Lexus RX-330 meets both national (Tier 2; BIN 5) and ... The underhood decal showing that this Lexus RX-330 meets both national (Tier 2; BIN 5) and ...
A mother Eastern Grey Kangaroo (Macropus giganteus) with her joey feeds in Murramarang National Park A mother Eastern Grey Kangaroo (Macropus giganteus) with her joey feeds in Murramarang National Park
Video: Structures that affect circulation - heart and systolic/diastolic BP

For a complete list of videos, visit our video library