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

Author Question: A loan of $54 000.00 is repaid by making payments of $3000.00 at the end of every three months. If ... (Read 169 times)

Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
on: Jun 6, 2019

Question 1

Deon makes monthly contributions of $250.00 at the end of every month into an RRSP. Calculate, to the nearest month, how long it will take to grow to $100 000.00 if interest is 8% compounded annually.

Question 2

A loan of $54 000.00 is repaid by making payments of $3000.00 at the end of every three months. If the interest is 9% compounded monthly, calculate how long the payments have to be made.
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 Brittanyd9008 on Jun 6, 2019

rachel

  • Sr. Member
  • ****
  • Posts: 323
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 25% of students answer this correctly


Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
Reply #2 on: Jun 6, 2019
Thank you!


rachel

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jun 6, 2019
Always glad to help...


« previous next »
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

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?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Deciduous and permanent teeth. (A) The deciduous teeth, with the age of eruption given in months; (B Deciduous and permanent teeth. (A) The deciduous teeth, with the age of eruption given in months; (B
Some uses of recombinant DNA technology for making improved vaccines Some uses of recombinant DNA technology for making improved vaccines
The Sidereal and Synodic Months The Sidereal and Synodic Months
The striking improvements in motor development in the early months The striking improvements in motor development in the early months
Hector makes payments of $2000.00 into an RRSP at the beginning of every six months starting ... Hector makes payments of $2000.00 into an RRSP at the beginning of every six months starting ...
Which of the buffers below would be the BEST choice for making a solution capable of buffering ... Which of the buffers below would be the BEST choice for making a solution capable of buffering ...
Video: Cardiac conductile cells

For a complete list of videos, visit our video library