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

Author Question: Shaun wants to invest his money such that he accumulates $10 000 after 3 years at a rate of 4% ... (Read 48 times)

faduma

  • Hero Member
  • *****
  • Posts: 528
on: Jun 6, 2019

Question 1

Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he defaulted on his last two payments. What total payment is he expected to make during his third payment, if the defaulted payments are compounded monthly at a rate of 6%?

Question 2

Shaun wants to invest his money such that he accumulates $10 000 after 3 years at a rate of 4% compounded monthly? How much money should he invest today?
◦ $8717.33
◦ $9884.20
◦ $9615.38
◦ $11 500.06
◦ $8695.61
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by faduma on Jun 6, 2019

Dunkey

  • Sr. Member
  • ****
  • Posts: 333
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.
Answer Preview
Only 50% of students answer this correctly


faduma

  • Hero Member
  • *****
  • Posts: 528
Reply #2 on: Jun 6, 2019
TY


Dunkey

  • Sr. Member
  • ****
  • Posts: 333
Reply #3 on: Jun 6, 2019
You're welcome


« previous next »
 

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Exponential growth in the Canadian migratory population of the whooping crane after 70 years of cons Exponential growth in the Canadian migratory population of the whooping crane after 70 years of cons
The Dingo was the first placental mammal introduced to Australia, around 4000 years ago The Dingo was the first placental mammal introduced to Australia, around 4000 years ago
The skullcap from Trinil, Java is the type specimen for H. erectus and is about 900,000 years old. The skullcap from Trinil, Java is the type specimen for H. erectus and is about 900,000 years old.
Factors that Influence Pulse Rate Factors that Influence Pulse Rate
Total Fertility Rate in Japan: Actual versus Forecast Total Fertility Rate in Japan: Actual versus Forecast
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Video: Acid-base imbalances - compensation of respiratory acidosis and alkalosis

For a complete list of videos, visit our video library