Question: QUESTION 2 A,B,C,D PLS HELP ME TO ANSWER THIS QUESTIONS PLS HELP ME TO ANSWER ALL THIS QUESTIONS. I WANT THE WORKING METHOD TOO. THANK

QUESTION 2 A,B,C,D PLS HELP ME TO ANSWER THIS QUESTIONS

QUESTION 2 A,B,C,D PLS HELP ME TO ANSWER THIS QUESTIONS PLS HELP

PLS HELP ME TO ANSWER ALL THIS QUESTIONS. I WANT THE WORKING METHOD TOO. THANK YOU.

Dimple Kapadia deposited $125,000 in a savings account on May 1 and then deposited an additional $44,500 in the account on June 8 . Find the balance on August 31 assuming an interest rate of 51/2% compounded daily. (2 Marks) At the end of each year, Jackie Shroff will deposit $60,600 into his retirement account. Find the amount he will have accumulated in 10 years if funds earn 4% per year. (2 Marks) Sherya Goshal Cafe needs $248,500 in 3 years. Find the required semiannual payment into a sinking fund if funds are invested in an account earning 10% per year compounded semiannually. (2 Marks)

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 Finance Questions!