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

Author Question: Calculate the amount of money that needs to be invested today at 4.8% compounded semi-annually to ... (Read 105 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
on: Jun 6, 2019

Question 1

What sum of money must be deposited in a trust fund to provide a scholarship of $630.00 payable at the end of each month if interest is 7.8% compounded monthly?

Question 2

Calculate the amount of money that needs to be invested today at 4.8% compounded semi-annually to provide monthly payments of $500.00 in perpetuity starting:
a) one month from today
b) one year from today
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 madam-professor on Jun 6, 2019

lou

  • Sr. Member
  • ****
  • Posts: 286
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 35% of students answer this correctly


madam-professor

  • Hero Member
  • *****
  • Posts: 584
Reply #2 on: Jun 6, 2019
Thank you!


lou

  • Sr. Member
  • ****
  • Posts: 286
Reply #3 on: Jun 6, 2019
Always glad to help...


« previous next »
 

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

The Sun Today and as a Giant The Sun Today and as a Giant
The cultural and racial–ethnic diversity of today’s work force has led to the need for diversity ... The cultural and racial–ethnic diversity of today’s work force has led to the need for diversity ...
Countries where malaria is prevalent today are located in the warm tropics and subtropics Countries where malaria is prevalent today are located in the warm tropics and subtropics
The Economics of Money, Banking and Financial Markets, Business School Edition The Economics of Money, Banking and Financial Markets, Business School Edition
Calculate the velocity of the red rock after collision Angle measured counterclockwise from the ... Calculate the velocity of the red rock after collision Angle measured counterclockwise from the ...
Calculate KP for the following reactions at the indicated temperature. Calculate KP for the following reactions at the indicated temperature.
Video: Generalized life cycles for plants and animals Animation

For a complete list of videos, visit our video library