Question: I can't figure out how the computer got 139.01. Please help 7. [-/1 Points] DETAILS HARMATHAP12 6.3.035. MY NOTES PRACTICE ANOTH Practice Another X Grandparents

I can't figure out how the computer got 139.01. Please help

7. [-/1 Points] DETAILS HARMATHAP12 6.3.035. MY NOTES PRACTICE ANOTH Practice Another X Grandparents plan to open an account on their grandchild's birthday and contribute each month until she goes to college. How much must they contribute at the beginning of each month in an investment that pays 13%, compounded monthly, if they want the balance to be $120,000 at the end of 18 years? (a) State whether the problem relates to an ordinary annuity or an annuity due. ordinary annuity annuity due (b) Solve the problem. (Round your answer to the nearest cent.) $ 112158.79 X 139.01 . .. . .............. Check Score Hide Answer Try Another

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Dry methane is supplied by a compressor and precooling system to the cooler of a Linde liquid-methane system (Fig. 9.6) at 180 bar and 300 K. The low-pressure methane leaves the cooler at a...

14. [-/4 Points] DETAILS HARMATHAP12 1.6.040. Complete the problem by using the accompanying gure, which shows a supply function and a demand function. (Assume price is measured in dollars.) p 40 30...

2. [0/1 Points] DETAILS PREVIOUS ANSWERS HARMATHAP12 6.3.009. MY NOTES PRACTICE ANOTHER The Weidmans want to save $35,000 in 2 years for a down payment on a house. If they make monthly deposits in an...

I tried so many times, but the answers are all incorrect 2. [0/1 Points] DETAILS PREVIOUS ANSWERS HARMATHAP12 6.3.009. MY NOTES PRACTICE ANOTHER The Weidmans want to save $35,000 in 2 years for a...

Please give me right answers, cause i did some wrong 2. [0/1 Points] DETAILS PREVIOUS ANSWERS HARMATHAP 12 6.3.009. MY NOTES PRACTICE ANOTHER The Weidmans want to save $35,000 in 2 years for a down...

2. [0/1 Points] DETAILS PREVIOUS ANSWERS HARMATHAP 12 6.3.009. MY NOTES PRACTICE ANOTHER The Weidmans want to save $35,000 in 2 years for a down payment on a house. If they make monthly deposits in...

please use the formula below to solve for annuity due 8. [0.13/1.125 Points] DETAILS PREVIOUS ANSWERS HARMATHAP12 6.3.033.NVA MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Mr. Gordon plans to invest...

please help me to find the answer for part 1, part3 and part4 Queensland University of Technology QUT Business School School of Accountancy AYB 339 Accountancy Capstone Integrated Case Study Semester...

need help for Question 1 and 2 of the assignment fir ACCT 221 FORENSIC BUSINESS INVESTIGATION. Pertains to WorldCom scandal. QAssuming WorldCom was a company operating in Australia at the time of the...

What are the biggest ah-ha! moments from Oracy Development? 6 English-Language Oracy Development Learning Outcomes After reading this chapter, you should be able to ... . Describe the basics of...

PLEASE READ CAREFULLY THE CASE STUDY PROVIDED AND FEEL FREE TO ADD HERE YOUR COMMENTS FOR EXAMPLE LIKES DISLIKES WORDS OR PHRASES YOU DO NOT UNDERSTAND ANY COMMENTS THAT WILL IMPROVE THE DIALOGUE...

It is now December 31, 2019 and you are testing goodwill impairment for New Venture's Ltd, consolidated financial statements. You determine the cash-generating unit's values (including goodwill) are...

On March 1, 2014, Wilma Limited signed a contract to build a factory for Slate Construction Manufacturing Inc. for a total contract price of $9.4 million. The building was completed by October 31,...

The Springfield company has equipment that originally cost $200,000 and currently has a book value of $35,000. This equipment has a fair value of 65000 the company exchanged this equipment and made a...

5 4 points eBook Exercise 12-10 (Algo) Cash flows from financing activities LO P3 a. Net income was $466,000. b. Issued common stock for $73,000 cash. c. Paid cash dividend of $16,000. d. Paid...