Pearson sets up a fund to pay $1000 at the end of each month for 9.5 years.
Question:
(a) How much money must be deposited into the fund?
(b) How much will be paid out of the fund?
(c) How much interest is earned by the fund?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a Money Deposited in the fund 1000 12 95 114000 b 39 compounded ...View the full answer
Answered By
Rochak Agarwal
I have been a tutor for the past around 2 years, I like online tutoring because I can help many people with different problems which they face. This tutoring thing for me started when I was in my graduation years and I loved accounting and finance section so much that i started teaching those subjects to my friends and from there on I shifted to online tutoring and since then I have been helping students in these two subjects, be it with assignments related to this or projects or any topics which the students have doubt in. My forte which my students have given me is that I try to simplify things in order for my students to understand the concept better so that they don't forget about what they have learnt.
0 Reviews
10+ Question Solved
Related Book For 
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
Question Posted:
