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Author Question: One month from now, Shiva will make his first monthly contribution of $250 to a Tax-Free Savings ... (Read 56 times)

PhilipSeeMore

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on: Jun 6, 2019

Question 1

Dion is planning to buy a brand new BMW. He plans to keep the car for 3 years and then trade it in. He borrows $37 000 at 7.2% compounded semi-annually to purchase the car. What monthly payment will reduce the balance on the loan after 3 years to the expected trade-in value of $16 500?

Question 2

One month from now, Shiva will make his first monthly contribution of $250 to a Tax-Free Savings account (TFSA). Over the long run, he expects to earn 8% compounded annually. How long will it take for the contributions and accrued earnings to reach $100 000?
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by PhilipSeeMore on Jun 6, 2019

fffftttt

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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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PhilipSeeMore

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Reply 2 on: Jun 6, 2019
Great answer, keep it coming :)

kjohnson

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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