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

Author Question: A trust fund will start to pay you $15 200 per year at the beginning of each year once you turn 18. ... (Read 273 times)

notis

  • Hero Member
  • *****
  • Posts: 596
on: Jun 6, 2019

Question 1

Your child is currently six years old. When he turns 19 you want him to be able to withdraw $14700 per year in order to either travel or go to school for four years. If you are able to earn 6.62% compounded semi-annually for the entire time period, what is the single amount of the deposit three years from now that will ensure that your child is able to do this?
◦ $27 877.49
◦ $28 777.49
◦ $29 877.49
◦ $28 877.49
◦ $27 777.49

Question 2

A trust fund will start to pay you $15 200 per year at the beginning of each year once you turn 18. The prevailing interest rate is 8.79% compounded annually. For how long can you receive payments if you are celebrating your 14th birthday today and the current value of your trust fund is $111 345?
◦ 20.97 years
◦ 20.07 years
◦ 24.97 years
◦ 29.07 years
◦ 29.77 years
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 notis on Jun 6, 2019

mathjasmine

  • Sr. Member
  • ****
  • Posts: 312
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


Zuke

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Dec 2, 2020
thank you


« previous next »
 

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a
Start massage in a standing posture. Start massage in a standing posture.
(a) The phagocytic process, beginning in the upper left with bacterial attachment and phagocytic ... (a) The phagocytic process, beginning in the upper left with bacterial attachment and phagocytic ...
Finishing techniques to entire leg. Start with basic effleurage from ankle to hip. Redrape the leg. ... Finishing techniques to entire leg. Start with basic effleurage from ankle to hip. Redrape the leg. ...
Kahan (Last Year) Kahan (Last Year)
Chinese Dragon new year 2024 Chinese Dragon new year 2024
Video: Simple and Double Sugar

For a complete list of videos, visit our video library