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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 154 times)

Brittanyd9008

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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
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Marked as best answer by Brittanyd9008 on Jun 6, 2019

rachel

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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.
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Brittanyd9008

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Reply #2 on: Jun 6, 2019
Thank you!


rachel

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Reply #3 on: Jun 6, 2019
Always glad to help...


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