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

Author Question: Calculate the proceeds of $5500.00 due in 20 years, nine months discounted at 8.0% compounded semi-annually. (Read 297 times)

123654777

  • Hero Member
  • *****
  • Posts: 585
on: Jun 6, 2019

Question 1

A twenty-year note for $1000.00 bearing interest at 9% compounded monthly is discounted at 5% compounded quarterly four years and six months before maturity. Find the proceeds of the note.
◦ $133.07
◦ $4741.93
◦ $4805.10
◦ $4800.65
◦ $6009.15

Question 2

Calculate the proceeds of $5500.00 due in 20 years, nine months discounted at 8.0% compounded semi-annually.
◦ $1113.83
◦ $1080.14
◦ $1051.54
◦ $1145.59
◦ $1063.04
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 123654777 on Jun 6, 2019

dawsa925

  • Sr. Member
  • ****
  • Posts: 326
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 35% of students answer this correctly


123654777

  • Hero Member
  • *****
  • Posts: 585
Reply #2 on: Jun 6, 2019
Thanks


dawsa925

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jun 6, 2019
Welcome :)


« previous next »
 

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

U.S. adults from 25 to 74 years report that the largest proportion of their daily stressors arise ... U.S. adults from 25 to 74 years report that the largest proportion of their daily stressors arise ...
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 calculate simple interest (Part 4; P = I/rt) How to calculate simple interest (Part 4; P = I/rt)
Comparison Pre-pregnancy and 9 months pregnancy Comparison Pre-pregnancy and 9 months pregnancy
Calculate the physical variables Calculate the physical variables
calculate the quantities required to make 5 lb of hydrophilic ointment: calculate the quantities required to make 5 lb of hydrophilic ointment:
Video: Normal and abnormal blood pH

For a complete list of videos, visit our video library