« previous next »

Author Question: Use the appropriate formula to find how much you should deposit now at 9 interest, compounded ... (Read 37 times)

j.rubin

  • Hero Member
  • *****
  • Posts: 557
on: Jun 24, 2018
Use the appropriate formula to find how much you should deposit now at 9 interest, compounded annually, to yield an annuity payment of 1,200 at the BEGINNING of each year, for 18 years.
 A) 10,252.36
  B) 7,870.92
  C) 7,486.12
  D) 11,452.36

Question 2

Use the appropriate formula to find the amortization payment you would need to make each three months, at 8 interest compounded quarterly, to pay off a loan of 8,000 in 6 years.
 A) 1,730.52
  B) 422.97
  C) 1,288.29
  D) 316.61


sultana.d

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

j.rubin

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Jun 24, 2018
Thank you


sultana.d

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jun 24, 2018
No problemo


« previous next »
 

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Find the speed after 40.0 min if the initial speed is 3250 rev/min Find the speed after 40.0 min if the initial speed is 3250 rev/min
How to calculate simple interest (Part 5; r = I/Pt) How to calculate simple interest (Part 5; r = I/Pt)
Find derivative using quotient rule Find derivative using quotient rule
A $50 000 bond bearing interest at 6.5% bond payable semi-annually matures in 10 years. If it ... A $50 000 bond bearing interest at 6.5% bond payable semi-annually matures in 10 years. If it ...
Differentiation-find the derivative by the delta method Differentiation-find the derivative by the delta method
formula formula
Video: Interview with an Anorexic Woman (Part 1 of 2)

For a complete list of videos, visit our video library