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Author Question: Find the principal that will grow to $11 019.45 at 6% compounded semi-annually in 5 years and five months. (Read 2035 times)

strangeaffliction

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on: Jun 6, 2019

Question 1

You want to retire with $370 000 in the bank and you are able to earn 4.84% compounded quarterly for the next 25 years. You currently have $175 000 saved up. How much more do you have to invest in 15 years in order to achieve your goal?
◦ $110 649.58
◦ $130 649.58
◦ $120 649.58
◦ $0.00
◦ $100 649.58

Question 2

Find the principal that will grow to $11 019.45 at 6% compounded semi-annually in 5 years and five months.
◦ $1630.33
◦ $8661.65
◦ $788.57
◦ $8000.00
◦ $7980.32
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by strangeaffliction on Jun 6, 2019

mariahkathleeen

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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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sachinsolanki

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Reply #2 on: Jan 21, 2020
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