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

Author Question: Flin Flon Aqua Club bought swimming equipment on a contract requiring monthly payments of $815.50 ... (Read 142 times)

azncindy619

  • Hero Member
  • *****
  • Posts: 562
on: Jun 6, 2019

Question 1

Equal payments are to be made at the end of each month for 12 years with interest at 9.66% compounded monthly. After the last payment, the fund is to be invested for 4 years at 6.82% compounded quarterly and have a maturity value of $27 600.00. What is the size of the monthly payment?

Question 2

Flin Flon Aqua Club bought swimming equipment on a contract requiring monthly payments of $815.50 for 4 years beginning 11 months after the date of purchase. What was the cash value of the equipment if interest is 7.8% compounded monthly?
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 azncindy619 on Jun 6, 2019

jonathanballen97

  • Sr. Member
  • ****
  • Posts: 347
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 49% of students answer this correctly


azncindy619

  • Member
  • Posts: 562
Reply 2 on: Jun 6, 2019
YES! Correct, THANKS for helping me on my review

carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Swimming underwater at Sydney Aquarium, Australia Swimming underwater at Sydney Aquarium, Australia
Using adaptive equipment: (A) male putting on shoe; (B) female eating one handed. Using adaptive equipment: (A) male putting on shoe; (B) female eating one handed.
The first step in field recovery involves surveying the site, sometimes with special equipment. The first step in field recovery involves surveying the site, sometimes with special equipment.
Schematic Diagram of Agitation Apparatus and other equipment (CHE415 Unit Operations) Schematic Diagram of Agitation Apparatus and other equipment (CHE415 Unit Operations)
How to calculate mortgage payments (Question 2 of 2) How to calculate mortgage payments (Question 2 of 2)
How to calculate monthly payments at varying amortization periods (Question 3) How to calculate monthly payments at varying amortization periods (Question 3)
Video: Ciliate conjugation Animation

For a complete list of videos, visit our video library