[Answered] Juanita wants to have 30,000 in her sinking fund in 7 years at 6. How much should she make in ...

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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 67 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

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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

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