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Teaching Since: | Apr 2017 |
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MBA IT, Mater in Science and Technology
Devry
Jul-1996 - Jul-2000
Professor
Devry University
Mar-2010 - Oct-2016
an investment of $2500 earns interest at 4.5% compounded monthly for three years. at the time the interest rate is changed to 5% compounded quarterly. how much will the accumulates value be one 1/2 years after the change?
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terri started an RRSP on march 1st 2016 with a deposit of $2000. she added $1800 on dec. 1st 2018 and $1700 on sept. 1st 2020. hat is the accumulated value on her account on dec. 1st 2027, if interest is 7.5% compounded quarterly.?Â
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a variable rate demand loan showed an initial balance of $9000 payments of $2500 after 6 months $2500 after 21 months, and a final payment after 4 years. interest was 8% compounded quarterly for the first 21 months and 7.75% compounded monthly for the remaining time. what was the size of the final payment?
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find the present value and the compounded discount of $2500 due in 6 years and 3 months if interest is 6% compounded quarterly.Â
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what sum of money will grow to $2000 in seven years at 9% p.a compounded monthly?Â
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a contract for your business, you have to decide between receiving 50 000 now or 20 000 no and 35 000 three years from now. in terms of todays dollar, which choice is better and by how much? money is worth 4.25% compounded annually.Â