Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 1 Day Ago
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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 18 Jan 2018 My Price 7.00

Sam Boilermaker

Draw the cash flow diagram for:

(a) Problem 2.7.

(b) Problem 2.8.

(c) Problem 2.9.

(d) Problem 2.10.

Problem 7

If $100 is deposited in a savings account that pays 6% annual interest, what amount has accumulated by the end of the eighth year? How much of this is interest and how much is principal? (Answer: $159.4, $59.4, and $100)

 

Problem 8

Sam Boilermaker borrows $4000 from his parents for his final year of college. He agrees to repay it at 7% interest in one payment 3 years later. How much does he repay? How much of this is interest and how much is principal?

 

Problem 9

Joe Miner has $3000 in his savings account from an inheritance 10 years ago. If the savings account pays interest annually at a rate of 5%, how much was deposited? (Answer: $1842)

 

Problem 10

Susan Cardinal deposited $500 in her savings account, and 6 years later, the account has $600 in it. What compound rate of interest has Susan earned on her capital? (Answer: 3.1%)

 

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Jan 2018 06:01 PM My Price 7.00

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