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Submitted by willietanks on Sat, 2012-05-12 19:09
due on Wed, 2012-05-16 18:54
answered 1 time(s)
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Finance Problems 2

Submitted by shahimermaid on Sun, 2012-05-13 07:49
teacher rated 386 times
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xxx xx $10,000

xxxxxxxxx xxx

Time 5 xxxxxx

x = xxxxxxxxx amount xxxx xxxxxxx amount you borrow or xxxxxxxx

r  = xxxxxx xxxx of interest (as x decimal)

x  x number of years the xxxxxx xx deposited xx xxxxxxxx xxxx

A x amount xx xxxxx accumulated after x xxxxxx including xxxxxxxxx

n  =  xxxxxx of times xxx interest is compounded xxx xxxx 

A= xxxxxxxxxxxxxxxxxxxxxxxxxxx


5000 x p(1+0.07)^20=(1.07)^20=3.87

xx 5000/3.87= 1292.


xxxxxxxxx = xxxxxxxxxxxxxxx

1,000,000/250,000 xxxxxxxxx

4= (1+r)^18

Taking 18 root on both xxxxx

xxxx x xxx


5.4 ) xxxxxxx xxxxx xxxx x

x£ xxxx = xxxx x xxxxxxxxxx

xxx x xxxxxxx = xxxxxxxxx

(1.065)n x xxxxxx (i)

xxxxxxx xx x = 11

xx xxxx

xxx n x xxx xxx xxxx hand side in xxxxx equation xxx xx approximately xxxxx xx xx Hence xxx

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