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Author Question: Keith bought a lakeside cottage for 30% down and monthly mortgage payments of $1224.51 at the ... (Read 227 times)

Garrulous

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on: Jun 6, 2019

Question 1

Sam got a job at the Brick. He plans to save $500 every month for 3 years to buy a car. The savings account earns 2.25% compounded monthly. If he puts the money in his savings account at the beginning of each month, what will be the present value of the balance in the account at the end of the three-year term?
◦ $18 638.25
◦ $17 422.79
◦ $18 408.04
◦ $18 603.37
◦ $17 390.19

Question 2

Keith bought a lakeside cottage for 30% down and monthly mortgage payments of $1224.51 at the beginning of each month for 20 years. Interest is 4.4% compounded monthly. What is the purchase price of the property?
◦ $195 930
◦ $278 878
◦ $279 900
◦ $195 214
◦ $194 378
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by Garrulous on Jun 6, 2019

xiazhe

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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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Garrulous

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Reply #2 on: Jun 6, 2019
Excellent


xiazhe

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Reply #3 on: Jun 6, 2019
Great! Please up vote :D


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