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

Author Question: Musa's parents deposited $20,000 in a long-term savings account as a wedding expenditure for their ... (Read 351 times)

jenna1

  • Hero Member
  • *****
  • Posts: 568
on: Jun 6, 2019

Question 1

Moriaty owes two debt payments—a payment of $6.7 million due in twelve months and a payment of $8.75 million due in twenty-one months. If Moriaty makes a payment of $7 million now, when should he make a second payment of $7.9 million if money is worth 11.5% compounded semi-annually?
◦ 35 months
◦ 21 months
◦ 26 months
◦ 19 months
◦ 14 months

Question 2

Musa's parents deposited $20,000 in a long-term savings account as a wedding expenditure for their grand daughter at her birth, expecting to triple by the time she gets married at the age of 22. Calculate the rate of return compounded monthly for the savings account.
◦ 0.417%
◦ 0.5%
◦ 0.05%
◦ 4.17%
◦ 5%
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 jenna1 on Jun 6, 2019

popopong

  • Sr. Member
  • ****
  • Posts: 307
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 64% of students answer this correctly


jenna1

  • Hero Member
  • *****
  • Posts: 568
Reply #2 on: Jun 6, 2019
Excellent


popopong

  • Sr. Member
  • ****
  • Posts: 307
Reply #3 on: Jun 6, 2019
Great! Please up vote :D


曹昭

  • Newbie
  • *
  • Posts: 1
Reply #4 on: Mar 8, 2021
thanks


« previous next »
 

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Seven black members of Congress in 1871 are from left to right: Senator Hiram Revels (R-MS) and Repr Seven black members of Congress in 1871 are from left to right: Senator Hiram Revels (R-MS) and Repr
Full-term Twin Full-term Twin
Human activity has released carbon from sequestration in long-term reservoirs Human activity has released carbon from sequestration in long-term reservoirs
Epiphyseal Plate in Long Bone Adolescent bone growth takes place along the epiphyseal plate Epiphyseal Plate in Long Bone Adolescent bone growth takes place along the epiphyseal plate
Rapid, long-distance signaling in plants Rapid, long-distance signaling in plants
Video: Ventilation - phases and driving forces

For a complete list of videos, visit our video library