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Author Question: Juanita wants to have 30,000 in her sinking fund in 7 years at 6. How much should she make in ... (Read 120 times)

bobbysung

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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


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kusterl

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

correct: c

Answer to Question 2

correct: a


bobbysung

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Reply #2 on: Jun 24, 2018
Thank you


kusterl

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Reply #3 on: Jun 24, 2018
No problemo


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