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Author Question: You will need three amounts of $14 200 in each year for four years in order to go to school. You are ... (Read 171 times)

asd123

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on: Jun 6, 2019

Question 1

You borrow $4750 at a rate of 6.72% compounded monthly. You make a partial payment of $1400 in 3 months. You also agree to make two equal payments 3 and 5 months after the partial payment. What is the size of the equal payments? Use a focal date of 8 months.
◦ $1788.02
◦ $1784.35
◦ $1754.02
◦ $1735.84
◦ $1573.84

Question 2

You will need three amounts of $14 200 in each year for four years in order to go to school. You are planning on going to school starting in 5 years and ending in 8 years (years 5, 6, 7, 8). You are able to earn 9.64% compounded quarterly. How much money do you have to have today in order to be able to go to school?
◦ $33 354.35
◦ $30 574.35
◦ $30 475.34
◦ $30 457.35
◦ $30 754.35
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by asd123 on Jun 6, 2019

tjayeee

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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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asd123

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Reply #2 on: Jun 6, 2019
Excellent


tjayeee

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Reply #3 on: Jun 6, 2019
Great! Please up vote :D


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