Mathematics, 15.06.2020 23:57 janayshas84
ION 1: BASIC ANNUITIES AND APPLICATIONS [20 MARKS]
Find the present and future value of $1000 received every month end for 20
years if the interest rate is J12 = 12% p. a. (5 marks)
Find the present value of $10,000 received at the start of every year for 20 years
if the interest rate is J1 = 12% p. a. and if the first payment of $10,000 is received
at the end of 10 years. (5 marks).
1.
John is currently 25 years old. He has $10,000 saved up and wishes to deposit
this into a savings account which pays him J12 = 6% p. a. He also wishes to
deposit $X every month into that account so that when he retires at 55, he can
withdraw $2000 every month end to support his retirement. He expects to live
up till 70 years. How much should he deposit every month into his account? (10
Marks)
JESTION 2: LOAN AMORTIZATION [35 MARKS]
IP
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Answers: 3
Mathematics, 21.06.2019 14:00, Laocean9281
With #! i’ve tried to figure it out but i can’t.
Answers: 2
Mathematics, 21.06.2019 18:00, amandaclark255
Last year, a state university received 3,560 applications from boys. of those applications, 35 percent were from boys who lived in other states. part a)how many applications did the university receive from boys who lived in other states? part b)applications to the university from boys represented 40percent of all applications. how many applications did the university receive in all? i don't how to do part b so me and plz tell how you got your answer
Answers: 1
ION 1: BASIC ANNUITIES AND APPLICATIONS [20 MARKS]
Find the present and future value of $1000 recei...
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