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

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