This topic contains a solution. Click here to go to the answer

Author Question: Gretta wants to retire inAt that time she wants to be able to withdrawat the end of eachforAssume ... (Read 15 times)

iveyjurea

  • Hero Member
  • *****
  • Posts: 555

Question 1

Find the payment amount p needed to amortize the given amount. Assume that a payment is made in each of the n compounding periods per year.

P = $10,000; i = 12%; t = 4 yr, compounded monthly
◦ $1205.23
◦ $263.34
◦ $259.15
◦ $263.53

Question 2

Gretta wants to retire in  At that time she wants to be able to withdraw  at the end of each  for  Assume that money can be deposited at 8% per year compounded semiannually. What exact amount will Gretta need in 
◦ $408,849.63
◦ $219,856.12
◦ $216,150.38
◦ $212,296.37


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by iveyjurea on Jun 16, 2021

Carliemb17

  • Sr. Member
  • ****
  • Posts: 325
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 64% of students answer this correctly




iveyjurea

  • Member
  • Posts: 555
Reply 2 on: Jun 16, 2021
Wow, this really help


komodo7

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

For a complete list of videos, visit our video library