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 97 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?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

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 Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Women who reported one, two, or three or more major life events in the past 5 years were ... Women who reported one, two, or three or more major life events in the past 5 years were ...
How long does it take for 90% of a sample of strontium-90 (half-life of 28.8 years) to decay? How long does it take for 90% of a sample of strontium-90 (half-life of 28.8 years) to decay?
How to convert units of any rate to another (Part 3) How to convert units of any rate to another (Part 3)
Earth 340 Million Years Ago Earth 340 Million Years Ago
Earth 65 Million Years Ago Earth 65 Million Years Ago
Learn Canadian money grade 1 Learn Canadian money grade 1
Video: Hormonal feedback loop components

For a complete list of videos, visit our video library