Question
1. How much will deposits of $210 made at the end of each 6 months amount to after 8 years if interest is 4% compounded
1. How much will deposits of $210 made at the end of each 6 months amount to after 8 years if interest is 4% compounded annually?
2. A property was purchased for $4479.00 down and payments of $1410.00 at the end of every three months for 10 years. Interest is 12% per annum compounded annually. What was the purchase price of the property? How much is the cost of financing?
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Financial Management For Public Health And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
7th Edition
1071835335, 978-1071835333
