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Author Question: You miss the 11th to 13th payments of a loan. The loan payments are $519.27 each month and the ... (Read 475 times)

serike

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Question 1

What is the final amount of an investment where you are making quarterly deposits of $672.31 at the end of the payment period for 7 years and 9 months? The interest rate is 6.16% compounded semi-annually.
◦ $26 407.57
◦ $26 611.57
◦ $28 811.16
◦ $26 811.16
◦ $28 611.16

Question 2

You miss the 11th to 13th payments of a loan. The loan payments are $519.27 each month and the interest rate is 8.45% compounded annually. How much are you behind in your payments on the day that you miss the 13th payment?
◦ $1586.40
◦ $1508.40
◦ $1658.40
◦ $1458.40
◦ $1568.40


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Marked as best answer by serike on Jun 6, 2019

atrochim

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serike

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Reply 2 on: Jun 6, 2019
Thanks for the timely response, appreciate it


kusterl

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Reply 3 on: Yesterday
Excellent

 

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