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

Author Question: Equal sums of money are withdrawn monthly from a fund of $60 000.00 for 15 years. If interest is 12% ... (Read 81 times)

nautica902

  • Hero Member
  • *****
  • Posts: 591
on: Jun 6, 2019

Question 1

Equal sums of money are withdrawn monthly from a fund of $33 000.00 for 15.25 years. If interest is 9% compounded monthly, what is the size of each withdrawal if the withdrawal is made at the beginning of each month?

Question 2

Equal sums of money are withdrawn monthly from a fund of $60 000.00 for 15 years. If interest is 12% compounded monthly, what is the size of each withdrawal if the withdrawal is made at the beginning of each month?
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 nautica902 on Jun 6, 2019

princessflame2016

  • Sr. Member
  • ****
  • Posts: 298
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 42% of students answer this correctly


nautica902

  • Hero Member
  • *****
  • Posts: 591
Reply #2 on: Jun 6, 2019
Thank you!


princessflame2016

  • Sr. Member
  • ****
  • Posts: 298
Reply #3 on: Jun 6, 2019
Always glad to help...


« previous next »
 

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

U.S. adults from 25 to 74 years report that the largest proportion of their daily stressors arise ... U.S. adults from 25 to 74 years report that the largest proportion of their daily stressors arise ...
How long does it take for 90% of a sample of strontium-90 (half-life of 28.8 years) to decay? How long does it take for 90% of a sample of strontium-90 (half-life of 28.8 years) to decay?
How to calculate simple interest (Part 2) How to calculate simple interest (Part 2)
Fetus Development Weekly vs. Monthly Fetus Development Weekly vs. Monthly
Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased ... Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased ...
Cyanobacteria from 850 million years ago (Photo 2) Cyanobacteria from 850 million years ago (Photo 2)
Video: Stroke volume - preload, sarcomere length and Frank -Starling law

For a complete list of videos, visit our video library