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Author Question: Monica would like to receive $3760.00 at the end of every six months for 8 years after her ... (Read 53 times)

darbym82

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on: Jun 6, 2019

Question 1

The amount of $75 400.00 is invested at 9.65% compounded quarterly for 3 years. After 3 years the balance in the fund is converted into an annuity. If interest on the annuity is 6.75% compounded semi-annually and payments are made at the end of every six months for 8 years, what is the size of the payments?

Question 2

Monica would like to receive $3760.00 at the end of every six months for 8 years after her retirement. If she retires ten years from now and interest is 6.5% compounded semi-annually, how much must she deposit into an account every six months starting now?
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by darbym82 on Jun 6, 2019

lkanara2

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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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darbym82

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

mcarey591

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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