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

Author Question: Musa's parents deposited $20,000 in a long-term savings account as a wedding expenditure for their ... (Read 367 times)

jenna1

  • Hero Member
  • *****
  • Posts: 568
on: Jun 6, 2019

Question 1

Moriaty owes two debt payments—a payment of $6.7 million due in twelve months and a payment of $8.75 million due in twenty-one months. If Moriaty makes a payment of $7 million now, when should he make a second payment of $7.9 million if money is worth 11.5% compounded semi-annually?
◦ 35 months
◦ 21 months
◦ 26 months
◦ 19 months
◦ 14 months

Question 2

Musa's parents deposited $20,000 in a long-term savings account as a wedding expenditure for their grand daughter at her birth, expecting to triple by the time she gets married at the age of 22. Calculate the rate of return compounded monthly for the savings account.
◦ 0.417%
◦ 0.5%
◦ 0.05%
◦ 4.17%
◦ 5%
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 jenna1 on Jun 6, 2019

popopong

  • Sr. Member
  • ****
  • Posts: 307
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 64% of students answer this correctly


jenna1

  • Hero Member
  • *****
  • Posts: 568
Reply #2 on: Jun 6, 2019
Excellent


popopong

  • Sr. Member
  • ****
  • Posts: 307
Reply #3 on: Jun 6, 2019
Great! Please up vote :D


曹昭

  • Newbie
  • *
  • Posts: 1
Reply #4 on: Mar 8, 2021
thanks


« previous next »
 

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

A 3-tonne (3.0-long-ton; 3.3-short-ton) great white shark off Isla Guadalupe A 3-tonne (3.0-long-ton; 3.3-short-ton) great white shark off Isla Guadalupe
When young infants hold objects for a long period of time they eventually become habituated to them. When young infants hold objects for a long period of time they eventually become habituated to them.
The features found in a long bone. The features found in a long bone.
This couple, a brother and sister in Germany and the proud parents of this child, are challenging ... This couple, a brother and sister in Germany and the proud parents of this child, are challenging ...
Endochondral ossification of long bone. Endochondral ossification of long bone.
Rapid, long-distance signaling in plants Rapid, long-distance signaling in plants
Video: Embryonic development - week 1 and 2

For a complete list of videos, visit our video library