Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find the principal which will grow to $7258.00 at 6.58% compounded semi-annually in four years and five months. $5353.00 $5353.00 , $5453.00 $5453.00 , $5253.00

Find the principal which will grow to $7258.00 at 6.58% compounded semi-annually in four years and five months.

  • $5353.00

    $5353.00 ,

  • $5453.00

    $5453.00 ,

  • $5253.00

    $5253.00 ,

  • $5153.00

Determine the discounted value now of $7700.00 due in forty-four months at 7.5% compounded quarterly.

  • $5663.62

    $5663.62 ,

  • $5763.62

    $5763.62 ,

  • $5863.62

    , , $5863.62 , ,

  • $5963.62

    $5963.62 ,

Calculate the proceeds of $8956.00 due in seven years, eleven months discounted at 7.5% compounded semi-annually.

  • $4799.99

    $4799.99 ,

  • $4699.99

    $4699.99 ,

  • $4899.99

    $4899.99 ,

  • $4999.99

A note dated May 1, 2011 promises the payment of $5660.00 with interest at 6.5% p.a. compounded semi-annually on November 1, 2015. Find the proceeds of the sale of the note on May 1, 2013 if money was then worth 7.2% p.a. compounded monthly.

  • $6307.94

    $6307.94

  • $6207.94

    $6207.94 ,

  • $6107.94

    $6107.94 ,

  • $5907.94

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financing Large Projects Using Project Finance Techniques And Practices

Authors: Fouzul Khan, Robert Parra

1st Edition

9780131016347

More Books

Students also viewed these Finance questions