loader  Loading... Please wait...

Question(s) / Instruction(s):

a. $90,000 seven years hence if the annual interest rate is

1. 9% compounded annually.

2. 9% compounded semiannually.

3. 9% compounded quarterly. ,

b. $1,000 received at the end of each year for the next 5 years if money is WOI1th 6% per compounded annually.

c. $2,400 received at the end of each period of six months for the next 12 years if the interest , is 8% per year compounded semiannually.

d. $500,000 inheritance 10 years hence if money is worth 10% per year compounded annually.

e. $2,500 received each half-year for the next 10 years, plus a single sum of $85,000 at the end of 10 years if the interest rate is 12% per year compounded semiannually.

Find Similar Answers by Subject


Student Reviews

Rate and review your solution! (Please rate on a Scale of 1 - 5. Top Rating is 5.)


Expert's Answer
Download Solution:
$1.79

This solution includes:

  • Plain text
  • Cited sources when necessary
  • Attached file(s)
  • Solution Document(s)



Reach Us

408-538-8534

20-3582-4059

39-008-4233

+1-408-904-6494