Jamie made periodic deposits into a savings account at the end of every month for 2...

  

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Jamie made periodic deposits into a savings account at the end of every month for 2 years. The investments were earning 4.80% compounded quarterly and grew to $10,375.00 at the end of 2 years. a. Calculate the size of the month-end deposits. b. How long will it take for the $10,375.00 to accumulate to $43,325.00 if the interest rate remained the same and he continued making the same month-end deposits throughout the term? Lush Gardens Co. bought a new truck for $58,000. It paid $6,380 of this amount as a down payment and financed the balance at 5.75% compounded semi-annually. If the company makes payments of $1,900 at the end of every month, how long will it take to settle the loan? years months Express the answer in years and months, rounded to the next payment period Lush Gardens Co. bought a new truck for $58,000. It paid $5,800 of this amount as a down payment and financed the balance at 6.75% compounded semi-annually. If the company makes payments of $2,100 at the end of every month, how long will it take to settle the loan? years months Express the answer in years and months, rounded to the next payment period Jamie made periodic deposits into a savings account at the end of every month for 2 years. The investments were earning 4.80% compounded quarterly and grew to $10,375.00 at the end of 2 years. a. Calculate the size of the month-end deposits. b. How long will it take for the $10,375.00 to accumulate to $43,325.00 if the interest rate remained the same and he continued making the same month-end deposits throughout the term? Lush Gardens Co. bought a new truck for $58,000. It paid $6,380 of this amount as a down payment and financed the balance at 5.75% compounded semi-annually. If the company makes payments of $1,900 at the end of every month, how long will it take to settle the loan? years months Express the answer in years and months, rounded to the next payment period Lush Gardens Co. bought a new truck for $58,000. It paid $5,800 of this amount as a down payment and financed the balance at 6.75% compounded semi-annually. If the company makes payments of $2,100 at the end of every month, how long will it take to settle the loan? years months Express the answer in years and months, rounded to the next payment period Jamie made periodic deposits into a savings account at the end of every month for 2 years. The investments were earning 4.80% compounded quarterly and grew to $10,375.00 at the end of 2 years. a. Calculate the size of the month-end deposits. b. How long will it take for the $10,375.00 to accumulate to $43,325.00 if the interest rate remained the same and he continued making the same month-end deposits throughout the term? Lush Gardens Co. bought a new truck for $58,000. It paid $6,380 of this amount as a down payment and financed the balance at 5.75% compounded semi-annually. If the company makes payments of $1,900 at the end of every month, how long will it take to settle the loan? years months Express the answer in years and months, rounded to the next payment period Lush Gardens Co. bought a new truck for $58,000. It paid $5,800 of this amount as a down payment and financed the balance at 6.75% compounded semi-annually. If the company makes payments of $2,100 at the end of every month, how long will it take to settle the loan? years months Express the answer in years and months, rounded to the next payment period Jamie made periodic deposits into a savings account at the end of every month for 2 years. The investments were earning 4.80% compounded quarterly and grew to $10,375.00 at the end of 2 years. a. Calculate the size of the month-end deposits. b. How long will it take for the $10,375.00 to accumulate to $43,325.00 if the interest rate remained the same and he continued making the same month-end deposits throughout the term? Lush Gardens Co. bought a new truck for $58,000. It paid $6,380 of this amount as a down payment and financed the balance at 5.75% compounded semi-annually. If the company makes payments of $1,900 at the end of every month, how long will it take to settle the loan? years months Express the answer in years and months, rounded to the next payment period Lush Gardens Co. bought a new truck for $58,000. It paid $5,800 of this amount as a down payment and financed the balance at 6.75% compounded semi-annually. If the company makes payments of $2,100 at the end of every month, how long will it take to settle the loan? years months Express the answer in years and months, rounded to the next payment period Jamie made periodic deposits into a savings account at the end of every month for 2 years. The investments were earning 4.80% compounded quarterly and grew to $10,375.00 at the end of 2 years. a. Calculate the size of the month-end deposits. b. How long will it take for the $10,375.00 to accumulate to $43,325.00 if the interest rate remained the same and he continued making the same month-end deposits throughout the term? Lush Gardens Co. bought a new truck for $58,000. It paid $6,380 of this amount as a down payment and financed the balance at 5.75% compounded semi-annually. If the company makes payments of $1,900 at the end of every month, how long will it take to settle the loan? years months Express the answer in years and months, rounded to the next payment period Lush Gardens Co. bought a new truck for $58,000. It paid $5,800 of this amount as a down payment and financed the balance at 6.75% compounded semi-annually. If the company makes payments of $2,100 at the end of every month, how long will it take to settle the loan? years months Express the answer in years and months, rounded to the next payment period Jamie made periodic deposits into a savings account at the end of every month for 2 years. The investments were earning 4.80% compounded quarterly and grew to $10,375.00 at the end of 2 years. a. Calculate the size of the month-end deposits. b. How long will it take for the $10,375.00 to accumulate to $43,325.00 if the interest rate remained the same and he continued making the same month-end deposits throughout the term? Lush Gardens Co. bought a new truck for $58,000. It paid $6,380 of this amount as a down payment and financed the balance at 5.75% compounded semi-annually. If the company makes payments of $1,900 at the end of every month, how long will it take to settle the loan? years months Express the answer in years and months, rounded to the next payment period Lush Gardens Co. bought a new truck for $58,000. It paid $5,800 of this amount as a down payment and financed the balance at 6.75% compounded semi-annually. If the company makes payments of $2,100 at the end of every month, how long will it take to settle the loan? years months Express the answer in years and months, rounded to the next payment period

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a To calculate the size of the monthend deposits we can use the formula for future value of an ordin... View the full answer