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

Author Question: Find the principal that will grow to $11 019.45 at 6% compounded semi-annually in 5 years and five months. (Read 2319 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
on: Jun 6, 2019

Question 1

You want to retire with $370 000 in the bank and you are able to earn 4.84% compounded quarterly for the next 25 years. You currently have $175 000 saved up. How much more do you have to invest in 15 years in order to achieve your goal?
◦ $110 649.58
◦ $130 649.58
◦ $120 649.58
◦ $0.00
◦ $100 649.58

Question 2

Find the principal that will grow to $11 019.45 at 6% compounded semi-annually in 5 years and five months.
◦ $1630.33
◦ $8661.65
◦ $788.57
◦ $8000.00
◦ $7980.32
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 strangeaffliction on Jun 6, 2019

mariahkathleeen

  • Sr. Member
  • ****
  • Posts: 337
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 49% of students answer this correctly


sachinsolanki

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Jan 21, 2020
Thank you


GFran

  • Newbie
  • *
  • Posts: 1
Reply #3 on: Jan 24, 2020
Thank you


JMV17

  • Newbie
  • *
  • Posts: 1
Reply #4 on: Dec 12, 2020
Thank you


Sanath Bny

  • Newbie
  • *
  • Posts: 1
Reply #5 on: Nov 5, 2021
Thank you


Rishi Haware

  • Newbie
  • *
  • Posts: 1
Reply #6 on: Nov 6, 2021
Thank you!


« previous next »
 

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

A gray squirrel, seven months of age near Mobile, Alabama A gray squirrel, seven months of age near Mobile, Alabama
The Principal Parts of a Multipolar Neuron The Principal Parts of a Multipolar Neuron
Semi-circle bridge Semi-circle bridge
How to find two positive angles less than 360° that have a tangent of −2.25 How to find two positive angles less than 360° that have a tangent of −2.25
How to find the tangential and normal components of a vector How to find the tangential and normal components of a vector
Use a graphical method to find the length of the loan to the nearest year Use a graphical method to find the length of the loan to the nearest year
Video: Deglutition

For a complete list of videos, visit our video library