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Author Question: How much extra interest do you gain by starting today rather than waiting one year if you want to ... (Read 89 times)

acc299

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on: Jun 6, 2019

Question 1

Starting in 5 years and 6 months you want to be able to withdraw $950 every three months for 3 years and 3 months. You want to deposit a single amount immediately and then let it grow at a rate of 7.24% compounded quarterly. How much interest did you earn during the entire period of time?
◦ $4589.47
◦ $4859.47
◦ $2090.47
◦ $2099.47
◦ $4888.47

Question 2

How much extra interest do you gain by starting today rather than waiting one year if you want to deposit $1710 per year for 28 years? You are able to earn 7.07% compounded annually.
◦ $9889.63
◦ $9689.63
◦ $9999.63
◦ $9896.63
◦ $9869.63
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by acc299 on Jun 6, 2019

joshraies

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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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acc299

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Reply #2 on: Jun 6, 2019
Thanks


joshraies

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


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