8) You won SI 50 000.00 in a lottery and you want to set some of...
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8) You won SI 50 000.00 in a lottery and you want to set some of that sum of money aside for 6 years. After 6 years you would like to receive $2710.00 at the end of every 6 months for 8 years. if interest is 6% compounded quarterly, how much of your winnings must you set side? - s21 771.98 -524 771.98 -522 771.98 -323 771.00 $23 771.98 00 8) You won SI 50 000.00 in a lottery and you want to set some of that sum of money aside for 6 years. After 6 years you would like to receive $2710.00 at the end of every 6 months for 8 years. if interest is 6% compounded quarterly, how much of your winnings must you set side? - s21 771.98 -524 771.98 -522 771.98 -323 771.00 $23 771.98 00
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Annual interest 6 compounding quarterly quarterly interest 15 32 quarters peri... View the full answer
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
Posted Date:
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