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Questions and answers by
D Johnson
Questions (10)
Sanka Blunck wants to receive $8,000 each year for 20 years. How much must Sanka invest today at 4% interest compounded
0 answers
920 views
On Abby Ellen's graduation from law school, Abby's uncle, Bull Brady, promised her a gift of $24,000 or $2,400 every quarter for
0 answers
577 views
Lin Lowe plans to deposit $1,800 at the end of every 6 months for the next 15 years at 8% interest compounded semiannually. What
0 answers
1,204 views
Bob Bryan made deposits of $10,000 at the end of each quarter to Lion Bank, which pays 8% interest compounded quarterly. After 9
0 answers
1,335 views
Nelson Collins decided to retire to Canada in 10 years. What amount should Nelson deposit so that he will be able to withdraw
1 answer
1,381 views
Scupper Molly invested $1,800 semiannually for 23 years at 8% interest compounded semiannually. What is the value of this
1 answer
852 views
Twice a year for 15 years, Warren Ford invested $1,700 compounded semiannually at 6% interest. What is the value of this annuity
1 answer
880 views
Joe Jan wants to receive $22,000 each year for the next 22 years. Assume a 6% interest rate compounded annually. How much must
0 answers
1,073 views
Lance Industries borrowed $130,000. The company plans to set up a sinking fund that will repay the loan at the end of 18 years.
0 answers
859 views
In 9 years, Rollo Company will have to repay a $100,000 loan. Assume a 6% interest rate compounded quarterly. How much must
2 answers
1,039 views
