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Author Question: Don turned 60 years old today and has retired from Hydro One. Current economic value of his pension ... (Read 60 times)

jho37

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on: Jun 6, 2019

Question 1

A series of payments of $900 are being made at the end of each year for the next 8 years. What is the future value 8 years from now, if money can earn 9% compounded semi-annually?
◦ $7200
◦ $14 346
◦ $30 220
◦ $9999
◦ $77 200

Question 2

Don turned 60 years old today and has retired from Hydro One. Current economic value of his pension is his significant asset. He will be receiving pension payments of $7000 at the end of each month. Based on a 22-year life expectancy and money worth 8% compounded semi-annually, calculate the current economic value of Don's pension.
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by jho37 on Jun 6, 2019

potomatos

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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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jho37

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Reply #2 on: Jun 6, 2019
Thanks


potomatos

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Reply #3 on: Jun 6, 2019
Welcome :)


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