Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 14 Oct 2017 My Price 5.00

equal semi-annual deposits

1. (Compounding) Anurag wants to earn $500,000 in 15 years by making equal semi-annual deposits. The bank will pay an interest of 10 percent annually. What must Anurag’s semi-annual deposit be?

 

2. (Future value) Bob Terwilliger received $12,345 for his services as financial consultant to the mayor’s office of his hometown of Springfield. Bob says that his consulting work was his civic duty and that he should not receive any compensation. So, he has invested his paycheck into an account paying 3.98 percent annual interest and left the account in his will to the city of Springfield on the condition that the city cannot collect any money from the account for 200 years. How much money will the city receive from Bob’s generosity in 200 years?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 14 Oct 2017 09:10 PM My Price 5.00

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