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Author Question: A sum of money is deposited at the end of every 6 months for 9.5 years at 8% compounded ... (Read 117 times)

RRMR

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on: Jun 6, 2019

Question 1

A man received a separation payment of $98 000.00 at age 56. He invested that sum of money at 8.5% compounded semi-annually until he was 65. At that time he converted the existing balance into an ordinary annuity paying $6150.00 every 6 months, with interest at 5% compounded semi-annually. How many payments will be made?

Question 2

A sum of money is deposited at the end of every 6 months for 9.5 years at 8% compounded semi-annually. After the last deposit, interest for the account is to be 4.5% compounded quarterly and the account is to be paid out by making payments of $4360.00 at the end of each month over 7.75 years. What is the size of the semi-annual deposit?
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by RRMR on Jun 6, 2019

cloud

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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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RRMR

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Reply #2 on: Jun 6, 2019
Thanks


cloud

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


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