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

Author Question: Oakville Aqua Club bought swimming equipment on a contract requiring monthly payments of $1000 for 5 ... (Read 97 times)

123654777

  • Hero Member
  • *****
  • Posts: 585
on: Jun 6, 2019

Question 1

A sum of $15 700.00 is invested at 6.48% compounded semi-annually for eight years. After the eight years, the balance in the fund is converted into an annuity paying equal payments at the end of every 6 months for 5.5 years. If interest on the annuity is 7.95% compounded monthly, what is the size of the equal payments?

Question 2

Oakville Aqua Club bought swimming equipment on a contract requiring monthly payments of $1000 for 5 years beginning 6 months after the date of purchase. What was the cash value of the equipment if interest is 12% compounded monthly?
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 123654777 on Jun 6, 2019

maaaaaaaaaa

  • Sr. Member
  • ****
  • Posts: 336
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 59% of students answer this correctly


123654777

  • Hero Member
  • *****
  • Posts: 585
Reply #2 on: Jun 6, 2019
Thanks


maaaaaaaaaa

  • Sr. Member
  • ****
  • Posts: 336
Reply #3 on: Jun 6, 2019
Welcome :)


« previous next »
 

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

The first step in field recovery involves surveying the site, sometimes with special equipment. The first step in field recovery involves surveying the site, sometimes with special equipment.
Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont
Start the vehicle’s engine and let run at 1000–1500 RPM. The engine is now running on fuel ... Start the vehicle’s engine and let run at 1000–1500 RPM. The engine is now running on fuel ...
How to calculate monthly payments at varying amortization periods (Question 3) How to calculate monthly payments at varying amortization periods (Question 3)
Debt payments of $1610.00 due today, $725.00 due in 101 days and $670.00 due in 296 days ... Debt payments of $1610.00 due today, $725.00 due in 101 days and $670.00 due in 296 days ...
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Video: Summary of female reproductive cycle days 1-28

For a complete list of videos, visit our video library