Mathematics, 11.05.2021 19:30 rosepederson80
An investor accumulates a fund by making payments at the beginning of each month for 6 years. Her monthly payment is 50 for the first 2 years, 100 for the next 2 years, and 150 for the last 2 years. At the end of the 7th year the fund is worth 10,000. The annual effective interest rate is i, and the monthly effective interest rate is j. Which of the following formulas represents the equation of value for this fund accumulation?
(a) 877(1 + i)[(1 + i)* + 2(1 + i)2 + 3) = 200
(b) 371: (1 + i)(1 + i)* + 2(1 + i)2 + 3) = 200
(c) 377,(1+0)[(1 + i)* +2(1 + i)2 + 3) = 200
(d) $74,(1 + i)[(1 + i)* + 2(1 + i)2 + 3) = 200
(e) $24:(1+)[(1 + i)* + 2(1 + 1)2 + 3) = 200
Answers: 2
Mathematics, 21.06.2019 18:30, juliaduenkelsbu
Anew shopping mall is gaining in popularity. every day since it opened, the number of shoppers is 5% more than the number of shoppers the day before. the total number of shoppers over the first 10 days is 1258 how many shoppers were on the first day?
Answers: 2
Mathematics, 21.06.2019 23:30, DesperatforanA
Tim earns $120 plus $30 for each lawn he mows. write an iniqualityvto represent how many lawns he needs to mow to make more than $310
Answers: 2
An investor accumulates a fund by making payments at the beginning of each month for 6 years. Her mo...
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