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Author Question: What is the discounted value of $9900.00 due in five years, seven months if money is worth 2.2% ... (Read 123 times)

Garrulous

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on: Jun 6, 2019

Question 1

Aaron is planning to go on a vacation in 6 years. The vacation $7800.00. How much should he set-aside today in his savings account if the current interest rate is 7.6% p.a., compounded quarterly?
◦ $12254
◦ $4951
◦ $5026
◦ $7800
◦ $4965

Question 2

What is the discounted value of $9900.00 due in five years, seven months if money is worth 2.2% compounded quarterly.
◦ $6855
◦ $8757
◦ $9031
◦ $9118
◦ $6876
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

sarahccccc

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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
Wow, this really help

gcook

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

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