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Holly Krech is planning for her retirement, so she is setting up a payout annuity with her bank. She wishes to receive a payout of \$1100 per month for twenty years. How much money must she deposit...

A financial agreement requires the payment of \$1200 in 9 months, \$1400 in 18 months, and \$1600 in 30 months. When would an alternative single payment of \$4000 have to be made if money is worth 7%...

The bank offers you a 6% continuously compounding interest rate. If the bank offers you an equivalent interest rate compounded quarterly, what will that interest rate be (use 3 significant figures...

If Tanisha has ?\$1,000 to invest at 8?% per annum compounded quarterly ?, how long will it be before she has ?\$2,050?? If the compounding is? continuous, how long will it? be?   Compounding...

Alice keeps meaning to invest more in her RRSP. Her original plan was to invest \$6000 eight months ago and an additional \$7000 in four months. Unfortunately due to unforseen circumstances, she was...

Maximus invests a sum of money in a bank account which earns 2%, and increases by 1% every 6 months. The interest is compounded monthly. He pulls out \$4300 out of his account after 21 months. How...

Maximus invests a sum of money in a bank account which earns 2%, and increases by 1% every 6 months. The interest is compounded monthly. He pulls out \$4300 out of his account after 21 months. How...

One year ago, Paul divided an investment of \$42000 into two equal amounts placed in separate accounts. Both accounts have a nominal rate of interest of 8%. The first account is compounded quarterly,...

Big Stan has a choice of two different investment options. The first is to invest \$13354 at 7% compounded continuously. The second is to invest \$17217 at 7% compounded monthly. After 1 years, write...

my calculator keeps giving me the answer in scientific notation and that is no correct. i know how to do the problem but for some reason i cannot get the right answer.