Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need jus the final answer and this is Financial math Test: MATH119 Test #2 Summer 2021 G) Question 12 Score: 0 of 2 points

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

I need jus the final answer and this is Financial math

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Test: MATH119 Test #2 Summer 2021 G) Question 12 Score: 0 of 2 points Find the present value for the amount given in the table. Amount Nominal Rate Frequency of Conversion Time $7898.96 1.7% semi-annually 11 years The present value is $El. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Test: MATH119 Test #2 Summer 2021 (D Question 11 Score: 0 of 4 points 6%) Submit Test An investment of $2171.66 earns interest at 6.6% per annum compounded quarterly for 4 years. At that time the interest rate is changed to 4.5% compounded semi-annually. How much will the accumulated value be 2.5 years after the change? The accumulated value is $|:|. (Round the nal answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Test: MATH119 Test #2 Summer 2021 G) @3 Submit Test The amount of interest is $ . (Round the nal answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Test: MATH119 Test #2 Summer 2021 Question 14 Score: 0 of 3 points Submit Test A debt of $5291 .51 is due April 1, 2023. What is the value of the obligation on April 1, 2015, if money is worth 2% compounded annually? The value of the obligation is $ . (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Test: MATH119 Test #2 Summer 2021 Question 15 Score: 0 of 4 points Submit Test Next Question Robert opened an RRSP deposit account on December 1, 2008, with a deposit of $900. He added $900 on July on October 1, 2012. How much is in his account on January 1, 2016, if the deposit earns 6.2% p.a. compounded monthly? . . . . . The amount in the account is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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

A Preface To Logic

Authors: Morris R Cohen

1st Edition

0486801853, 9780486801858

More Books

Students also viewed these Mathematics questions

Question

Pay him, do not wait until I sign

Answered: 1 week ago

Question

Speak clearly and distinctly with moderate energy

Answered: 1 week ago