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

Author Question: Determine the periodic deposit. Round up to the nearest dollar. How much of the financial goal comes ... (Read 564 times)

cnetterville

  • Hero Member
  • *****
  • Posts: 547
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by cnetterville on Feb 2, 2020

princessflame2016

  • Sr. Member
  • ****
  • Posts: 298
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.
Answer Preview
Only 45% of students answer this correctly


cnetterville

  • Member
  • Posts: 547
Reply 2 on: Feb 2, 2020
Excellent

duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Electron Shells Determine the Reactivity of Atoms. Electron Shells Determine the Reactivity of Atoms.
Fibroid tumors, or leiomyomas. Fibroids develop from the uterus to form a variety of hard, round ben Fibroid tumors, or leiomyomas. Fibroids develop from the uterus to form a variety of hard, round ben
Piaget was one of the first to go beyond observable behavior in an attempt to determine how infants ... Piaget was one of the first to go beyond observable behavior in an attempt to determine how infants ...
Red blood cells with normal hemoglobin, like the three similar ones, are smooth and round Red blood cells with normal hemoglobin, like the three similar ones, are smooth and round
Use Fleury’s algorithm to determine Euler Circuit in the following graph. Exhibit exactly one ... Use Fleury’s algorithm to determine Euler Circuit in the following graph. Exhibit exactly one ...
Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ... Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ...
Video: Kinetic parameters & Kinetic experiment

For a complete list of videos, visit our video library