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Author Question: Joe and Amy Kivers both worked last year. Joe earned 48,00 . as a mechanic. Amy earned 18,00 . doing ... (Read 108 times)

Brittanyd9008

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on: Jun 24, 2018
Joe and Amy Kivers both worked last year. Joe earned 48,00 . as a mechanic. Amy earned 18,00 . doing typing at home. They inherited 12,000 . Compute their combined gross income.

Question 2

Amit Cheeda has a welding business that primarily services heavy equipment on highway construction projects. Amit plans to replace equipment in 5 years, but he does not want to borrow the money. Therefore, he makes 20 quarterly deposits into a sinking fund that will earn 6 compounded quarterly. How much should Amit deposit each quarter if he wants to have 50,00 . after the 5 years? Use Tables 23-1A and 23-1B or a calculator.


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Liddy

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Reply #1 on: Jun 24, 2018
Answer to Question 1

78,000

Answer to Question 2

50,00 .  23.12367 = 2,162.29 quarterly payments


Brittanyd9008

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

bassamabas

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

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