This topic contains a solution. Click here to go to the answer

Author Question: Solve the problem. A = PntP = A = PertY = n - 1James and Susan wish to have $10,000 available for ... (Read 374 times)

ahriuashd

  • Hero Member
  • *****
  • Posts: 535

Question 1

Solve the problem.

A = PntP = A = PertY = n - 1


How much money should be deposited today in an account that earns 7% compounded quarterly so that it will accumulate to $6500 in 5 years?
◦ $9196.06
◦ $4594.36
◦ $4634.41
◦ $1905.64

Question 2

Solve the problem.

A = PntP = A = PertY = n - 1


James and Susan wish to have $10,000 available for their wedding in 4 years. How much money should they set aside now at 6% compounded monthly in order to reach their financial goal?
◦ $7870.98
◦ $10,616.78
◦ $2500.00
◦ $9419.05


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ahriuashd on Feb 2, 2020

princessflame2016

  • Sr. Member
  • ****
  • Posts: 298
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 50% of students answer this correctly




ahriuashd

  • Member
  • Posts: 535
Reply 2 on: Feb 2, 2020
Great answer, keep it coming :)


Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

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.

For a complete list of videos, visit our video library