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Author Question: The residents of Richmond voted to build a new library, at a cost of 180 per residence, with the ... (Read 52 times)

Wadzanai

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on: Jun 24, 2018
The residents of Richmond voted to build a new library, at a cost of 180 per residence, with the cost spread over a 10-year period. The Wilson family had an annual tax bill of 2,580 before the improvements. If they pay their property taxes semiannually, what will be the amount of their next tax payment?

Question 2

Brenda Davies inherited a poultry company from her uncle. To make necessary improvements, she began to set aside 6,00 . every three months. Brenda earns 8 compounded quarterly. Compute the total amount that she will have after 45 months. Use Tables 23-1A and 23-1B or a calculator.


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nguyenhoanhat

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

1,299

Answer to Question 2

6,00 .  17.29342 = 103,760.52 future value


Wadzanai

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Reply #2 on: Jun 24, 2018
Thank you :)


nguyenhoanhat

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Reply #3 on: Jun 24, 2018
Happy to help you


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