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Author Question: Calculate the amount of money that needs to be invested today at 4.8% compounded semi-annually to ... (Read 221 times)

madam-professor

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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
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Marked as best answer by madam-professor on Jun 6, 2019

lou

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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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madam-professor

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Reply #2 on: Jun 6, 2019
Thank you!


lou

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Reply #3 on: Jun 6, 2019
Always glad to help...


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