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

Author Question: Andre's wonderful parents established a college savings plan for him when he was born. They ... (Read 19 times)

jazziefee

  • Hero Member
  • *****
  • Posts: 505
on: Jul 11, 2018
Andre's wonderful parents established a college savings plan for him when he was born. They
  deposited 50 into the account on the last day of each month. The account has earned 10.9
  compounded monthly, tax-free.
 
  How much can they withdraw on his 18th birthday to spend on
  his education?
  A) 43,730 B) 30,028 C) 33,307 D) 27,560

Question 2

Another name for the lump sum cash flow that occurs when a bond matures is the:
 
  A) face value.
  B) maturity value.
  C) par value.
  D) All of the above could be used to describe the cash flow in question.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sweetkitty24130

  • Sr. Member
  • ****
  • Posts: 291
Reply #1 on: Jul 11, 2018
Answer to Question 1

C

Answer to Question 2

D


jazziefee

  • Member
  • Posts: 505
Reply 2 on: Jul 11, 2018
YES! Correct, THANKS for helping me on my review

amandalm

  • Member
  • Posts: 306
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Plan and exterior, San Vitale, Ravenna. Plan and exterior, San Vitale, Ravenna.
A highly simplified view of the overall plan of the human body. A highly simplified view of the overall plan of the human body.
Fetal Alcohol Syndrome Children born with fetal alcohol syndrome often have facial abnormalities Fetal Alcohol Syndrome Children born with fetal alcohol syndrome often have facial abnormalities
Red Bull uses strategies that help it target college-aged, young-adult consumers Red Bull uses strategies that help it target college-aged, young-adult consumers
College Band College Band
Dagny Taggart is a graduating college senior and she is considering the costs of going to ... Dagny Taggart is a graduating college senior and she is considering the costs of going to ...
Video: EpiPen Animation (Part 2)

For a complete list of videos, visit our video library