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

Author Question: An annuity provides payments of $4580.00 at the end of every three months. The annuity is bought for ... (Read 202 times)

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
on: Jun 6, 2019

Question 1

Mr. Dawson wants to receive payments of $1230.00 at the beginning of every three months for 19 years starting on the date of his retirement. If he retires in 21 years, how much must he deposit in an account at the beginning of every three months if interest on the account is 6.84% compounded quarterly?

Question 2

An annuity provides payments of $4580.00 at the end of every three months. The annuity is bought for $53 500.00 and payments are deferred for 10 years. If interest is 9.72% compounded monthly, for how long will payments be received?
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 NguyenJ on Jun 6, 2019

Athena23

  • Sr. Member
  • ****
  • Posts: 305
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 25% of students answer this correctly


NguyenJ

  • Hero Member
  • *****
  • Posts: 516
Reply #2 on: Jun 6, 2019
Thanks


Athena23

  • Sr. Member
  • ****
  • Posts: 305
Reply #3 on: Jun 6, 2019
Welcome :)


XMystery

  • Newbie
  • *
  • Posts: 1
Reply #4 on: Mar 5, 2022
Thank You


« previous next »
 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

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

The striking improvements in motor development in the early months The striking improvements in motor development in the early months
Rola Inc. borrowed $42 000.00 at 7% compounded semi-annually. The loan is repaid by payments of ... Rola Inc. borrowed $42 000.00 at 7% compounded semi-annually. The loan is repaid by payments of ...
Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ... Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ...
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ... Sabrina's Fabric Land bought $5,000 of equipment at the beginning of 2015. Amortization ...
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Video: Evolutionary tree of life Animation

For a complete list of videos, visit our video library