Alpha Geek

(8)

$10/per page/Negotiable

About Alpha Geek

Levels Tought:
University

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Environmental science,Essay writing,Programming,Social Science,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 346 Weeks Ago, 1 Day Ago
Questions Answered: 9562
Tutorials Posted: 9559

Education

  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

Experience

  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Accounting Posted 01 May 2017 My Price 5.00

You have just made an investment that will repay

You have just made an investment that will repay $976.12 at the end of each month; the first payment is one month from today and the last one is six years from today (thereby depleting the account).

(a) 1f the interest rate is 6.5% per year compounded monthly, what amount did you invest?

(b) If you can refuse all the payments and allow the money to earn at the same rate as stated, how much will you have at the end of six years?

 

 

Answers

Alpha Geek
(8)
Status NEW Posted 01 May 2017 06:05 PM My Price 5.00

-----------

Attachments

file 1493663675-answer1.docx preview (127 words )
Y-----------ou -----------hav-----------e j-----------ust----------- ma-----------de -----------an -----------inv-----------est-----------men-----------t t-----------hat----------- wi-----------ll -----------rep-----------ay -----------$97-----------6.1-----------2 a-----------t t-----------he -----------end----------- of----------- ea-----------ch -----------mon-----------th;----------- th-----------e f-----------irs-----------t p-----------aym-----------ent----------- is----------- on-----------e m-----------ont-----------h f-----------rom----------- to-----------day----------- an-----------d t-----------he -----------las-----------t o-----------ne -----------is -----------six----------- ye-----------ars----------- fr-----------om -----------tod-----------ay -----------(th-----------ere-----------by -----------dep-----------let-----------ing----------- th-----------e a-----------cco-----------unt-----------). ----------- (a-----------) 1-----------f t-----------he -----------int-----------ere-----------st -----------rat-----------e i-----------s 6-----------.5%----------- pe-----------r y-----------ear----------- co-----------mpo-----------und-----------ed -----------mon-----------thl-----------y, -----------wha-----------t a-----------mou-----------nt -----------did----------- yo-----------u i-----------nve-----------st?----------- (-----------b) -----------If -----------you----------- ca-----------n r-----------efu-----------se -----------all----------- th-----------e p-----------aym-----------ent-----------s a-----------nd -----------all-----------ow -----------the----------- mo-----------ney----------- to----------- ea-----------rn -----------at -----------the----------- sa-----------me -----------rat-----------e a-----------s s-----------tat-----------ed,----------- ho-----------w m-----------uch----------- wi-----------ll -----------you----------- ha-----------ve -----------at -----------the----------- en-----------d o-----------f s-----------ix -----------yea-----------rs?-----------
Not Rated(0)