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Author Question: A vacation property was bought by making semi-annual payments of $7500.00 for seven years. If the ... (Read 171 times)

torybrooks

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Question 1

What deposit made at the beginning of each month will accumulate to $36 000.00 at 5% compounded quarterly at the end of eight years?

Question 2

A vacation property was bought by making semi-annual payments of $7500.00 for seven years. If the first payment is due on the date of purchase and interest is 6% p.a. compounded quarterly, calculate the purchase price of the property.


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Marked as best answer by torybrooks on Jun 6, 2019

triiciiaa

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