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Other Fields Homework Help Business Topic started by: solina on May 30, 2017



Title: Alva Thomas has decided to place $10,000 in an account payable to his alma matter when he dies. If ...
Post by: solina on May 30, 2017
Alva Thomas has decided to place $10,000 in an account payable to his alma matter when he dies.  If the account grows at an annual rate of 6% compounded monthly and he lives for another 10 years, the university will receive
A) 10,000(1 + .06)10
B) 10,000(1 + .005)120
C) 10,000(1 + .06)120
D) 10,000/(1 + .005)120


Title: Re: Alva Thomas has decided to place $10,000 in an account payable to his alma matter when he dies. ...
Post by: vanrhee on May 30, 2017
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Title: Re: Alva Thomas has decided to place $10,000 in an account payable to his alma matter when he dies. If ...
Post by: solina on Jun 26, 2017
Thank you
-solina