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Author Question: You have an investment that will mature in 33 months and have a value of $4300. You need some quick ... (Read 71 times)

moongchi

  • Hero Member
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  • Posts: 516
on: Jun 6, 2019

Question 1

You owe $4510 due in 7 months. In addition you owe $3780 due in 13 months and $5125 due in 21 months. You are paying 8.64% compounded monthly on your loan. What single amount three months from now will pay off the entire loan of the three future payments?
◦ $12 444.86
◦ $12 440.86
◦ $12 884.86
◦ $12 040.86
◦ $12 404.86

Question 2

You have an investment that will mature in 33 months and have a value of $4300. You need some quick cash and decide to sell today at a discount rate of 8.2% compounded quarterly. What is the cash value?
◦ $3439.74
◦ $3539.74
◦ $4339.74
◦ $3669.74
◦ $3339.74
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by moongchi on Jun 6, 2019

blakcmamba

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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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moongchi

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Reply 2 on: Jun 6, 2019
Excellent

adammoses97

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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