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Author Question: Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes ... (Read 914 times)

cnetterville

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on: Feb 2, 2020

Question 1

Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes from deposits and how much comes from interest?

A = A = P =

Periodic Deposit: $? at the end of every six months
Rate: 6% compounded semiannually
Time: 8 years
Financial Goal: $490,000
◦ $24,309; $388,944 from deposits and $101,056 from interest
◦ $51,314; $410,512 from deposits and $79,488 from interest
◦ $10,176; $162,816 from deposits and $327,184 from interest
◦ $42,848; $342,784 from deposits and $147,216 from interest

Question 2

Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes from deposits and how much comes from interest?

A = A = P =

Periodic Deposit: $? at the end of each month
Rate: 7.5% compounded monthly
Time: 3 years
Financial Goal: $28,000
◦ $696; $25,056 from deposits and $2944 from interest
◦ $621; $22,356 from deposits and $5644 from interest
◦ $746; $26,856 from deposits and $1144 from interest
◦ $2102; $25,224 from deposits and $2776 from interest
Thinking Mathematically ¦ Blitzer ¦ 6th Edition
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Marked as best answer by cnetterville on Feb 2, 2020

princessflame2016

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Reply #1 on: Feb 2, 2020
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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cnetterville

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Reply 2 on: Feb 2, 2020
Great answer, keep it coming :)

dantucker

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Reply 3 on: Yesterday
:D TYSM

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