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Author Question: You invest $10 000 in a savings account that pays interest of 8% compounded monthly. What is the ... (Read 235 times)

jace

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  • Posts: 541
on: Jun 6, 2019

Question 1

An obligation of $5150.00 due in 2.5 years is to be settled by four equal payments due today, nine months from now, 21 months from now, and 27 months from now, respectively. What is the size of the equal payment at 8.88% p.a. compounded quarterly?

Question 2

You invest $10 000 in a savings account that pays interest of 8% compounded monthly. What is the value of your account after 14 months?
◦ $10 904.88
◦ $10 074.88
◦ $10 974.88
◦ $10 004.88
◦ $10 970.88
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by jace on Jun 6, 2019

akudia

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Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jace

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Reply 2 on: Jun 6, 2019
YES! Correct, THANKS for helping me on my review

mochi09

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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