This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Juanita wants to have 30,000 in her sinking fund in 7 years at 6. How much should she make in ... (Read 106 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
on: Jun 24, 2018
Juanita wants to have 30,000 in her sinking fund in 7 years at 6. How much should she make in quarterly payments?
 
 

  a.870
  b.3,574.20
  c.471
  d.4,096.80

Question 2

What is the value of an investment after 5 years for a 10,000 ordinary annuity at 6?
 
 

  a.56,370.90
  b.55,256.30
  c.52,563.30
  d.53,091.40


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kusterl

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 24, 2018
Answer to Question 1

correct: c

Answer to Question 2

correct: a


bobbysung

  • Hero Member
  • *****
  • Posts: 519
Reply #2 on: Jun 24, 2018
Thank you


kusterl

  • Sr. Member
  • ****
  • Posts: 315
Reply #3 on: Jun 24, 2018
No problemo


« previous next »
 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Measurements of solar cycle variation during the last 30 years Measurements of solar cycle variation during the last 30 years
Each year, the leaders of the world’s eight most powerful nations meet in a secluded place to make ... Each year, the leaders of the world’s eight most powerful nations meet in a secluded place to make ...
To use a battery charger, make sure the charger is connected to the battery before plugging in the ... To use a battery charger, make sure the charger is connected to the battery before plugging in the ...
Trends in employed mothers with a child/children younger than 3 years of age Trends in employed mothers with a child/children younger than 3 years of age
Earth 240 Million Years Ago Earth 240 Million Years Ago
Heart drawing by 6 years old Heart drawing by 6 years old
Video: Membrane transport proteins - pores, gated channels and pumps

For a complete list of videos, visit our video library