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Author Question: A mortgage requires payments of $4000.00 at the end of every six months for twelve years. If ... (Read 230 times)

HudsonKB16

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on: Jun 6, 2019

Question 1

You are to receive $16 700 from your trust fund in 7.5 years. You negotiate a deal where you can withdraw $350 per month starting 2.75 years before you can withdraw the remainder of the funds. You are able earn 4.18% compounded annually on your money. How much is your trust fund reduced to?
◦ $4159.40
◦ $4155.40
◦ $4495.40
◦ $4195.40
◦ $4459.40

Question 2

A mortgage requires payments of $4000.00 at the end of every six months for twelve years. If interest is 8% compounded quarterly, calculate the principal of the loan.
◦ $75 655.70
◦ $60 738.85
◦ $88 320.00
◦ $84 948.26
◦ none of the above
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by HudsonKB16 on Jun 6, 2019

tuate

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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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HudsonKB16

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Reply #2 on: Jun 6, 2019
TY


tuate

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Reply #3 on: Jun 6, 2019
You're welcome


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