How many months would it take you to save $4500 by making deposits of $50 at the
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (6 reviews)
FV n 450000 PMT 5000 i 050 n In 145 I...View the full answer
Answered By
Shehar bano
I have collective experience of more than 7 years in education. my area of specialization includes economics, business, marketing and accounting. During my study period I remained engaged with a business school as a visiting faculty member and did a lot of business research. I am also tutoring and mentoring number of international students and professionals online for the last 7 years.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
Question Posted:
Students also viewed these Finance questions
-
How long would it take you to save $5000 by making deposits of $100 at the end of every month into a savings account earning 6% compounded quarterly?
-
To purchase a specialty guitar for his band, for the past two years JJ Morrison has made payments of $92 at the end of each month into a savings account earning interest at 4.03% compounded monthly....
-
How many months will it take to save $5000 by making deposits of $60 at the end of every month into an account earning interest at 6% monthly?
-
Associated Media Graphics (AMG) is a rapidly expanding company involved in the mass reproduction of instructional materials. Ralph Boston, owner and manager of AMG, has made a concentrated effort...
-
Consider the following hypotheses: H0: 150 HA: < 150 A sample of 80 observations results in a sample mean of 144. The population standard deviation is known to be 28. a. What is the critical value...
-
The PHC is offering a prize of $3,000 per week for 5 years. If the interest rate is 5.2%, compounded weekly, what is the present equivalent value of the prize? What is the future equivalent value at...
-
Discuss how you would use information systems to support succession planning.
-
What key reporting options are available to government colleges and universities?
-
Where did they get 8550 for patient days?? patients x days in month 95 x 30=2,850 not 8550. Monthly Food Cost Number of Patients Days in the month Patient Days PPD $16,356.00 95 30
-
Discuss why Donnelley had to coordinate HR activities with the changes in jobs and work.
-
Ontario Credit Union entered a lease contract valued at $7200. The contract provides for payments at the end of each quarter for three years. If interest is 6.5% compounded quarterly, what is the...
-
A deposit of $4000 is made today. For how long can $500 be withdrawn from the account at the end of every three months starting three months from now if interest is 4% compounded quarterly?
-
Consider the following journey taken by an application for a fishing licence. The customer requesting the licence either calls the licensing office, writes to them or on-line requests an application...
-
Jude is organising a retirement party for his partner. He has found two suitable local venues which can accommodate his needs. The local hotel charges 15 per person for a buffet and 425 for a large...
-
Historical Balance Sheets for Years Ended December 31 (Millions of Dollars) Assets Cash & Securities Accounts receivable Inventories Other current assets Total current assets Gross plant and...
-
(a) Sketch the stress components for an element A on a thin-walled cylindrical pressure vessel shown in Figure 1. (2 marks) A Figure 1 Figure for Question 2- a thin-walled cylindrical pressure...
-
The table below gives some elements to the average price development of an airport (per passenger) in percent according to the price-cap formula for the next 4 years. Expected Inflation Quality...
-
Oscar works as a salesperson for a software company, X-Tech, which offers him a fixed salary, commissions and several benefits. He is having a hard time understanding which part of his compensation...
-
Let Use a graphing utility to confirm the inequality graphically. Then complete the table to confirm the inequality numerically. Sn = x - x 2 + x3 3 4 + n
-
Horse serum containing specific antibody to snake venom has been a successful approach to treating snakebite in humans. How do you think this anti-venom could be generated? What are some advantages...
-
Extend the income statement for Sitha Ros's Oriental Groceries to include a vertical analysis for 2013 and for 2014. Sitha Ros's Oriental Groceries Income Statement for Years Ending June 30, 2013 and...
-
Extend the income statement for Miss Muffins' Bakery to include a vertical analysis for 2012 and 2013. Miss Muffins' Bakery Vertical Analysis of Income Statement for the Months Ending July 31, 2012...
-
Extend the income statements for Sitha Ros's Oriental Groceries to include the amounts of increase or decrease and the percents of increase or decrease for a horizontal analysis?
-
Can we justify the acquisition of Peloton Interactive Inc using NPV assuming the initial investment is 10% of the total market value of the company, 5% constant growth rate for the next three years...
-
Mary would like to save $10,000 at the end of 5 years for a future down payment on a car. How much should she deposit at the end of each month in a savings account that pays 1.2%/a, compounded...
-
AA stock price is $45/share. The stock is expected to pay dividends $2.50 in the coming year. After reviewing all information, you concluded: the price one year from now will be $50/share and you...
Study smarter with the SolutionInn App