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

Author Question: Use Table 12-2 in your text to find how much should be deposited now at 8 interest, compounded ... (Read 83 times)

HudsonKB16

  • Hero Member
  • *****
  • Posts: 535
on: Jun 24, 2018
Use Table 12-2 in your text to find how much should be deposited now at 8 interest, compounded semiannually, to yield an annuity payment of 400 at the END of each 6 months, for 1 year.
 A) 859.24
  B) 754.44
  C) 645.59
  D) 923.72

Question 2

Suppose that your bank pays 10 interest, compounded semiannually. Use Table 12-2 of your text to find how much should be deposited now to yield an annuity payment of 400 at the END of every six months, for 4 years.
 A) 2,585.28
  B) 3,819.64
  C) 1,267.95
  D) 1,856.40


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

raili21

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

A


HudsonKB16

  • Member
  • Posts: 535
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Proctoscopic examination table. Proctoscopic examination table.
Periodic Table of the Elements Periodic Table of the Elements
How to find the inverse of any function How to find the inverse of any function
With the arm placed on the table, apply effleurage over the entire upper limb as a reconnecting and ... With the arm placed on the table, apply effleurage over the entire upper limb as a reconnecting and ...
How to solve an exponential problem using a table of values (Question 2) How to solve an exponential problem using a table of values (Question 2)
Find the voltage, current and power for each resistor in the circuit below Find the voltage, current and power for each resistor in the circuit below
Video: DNA Replication Factory and Protein

For a complete list of videos, visit our video library