× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
Anonymous bio_man
wrote...
A year ago
Henrik, a Canadian hockey player, agreed to a contract where he was to receive $30,OOO 00 in 3 months, $50,000.00 in 9 months, and $70,OOO 00 in 18 months. The deal was renegotiated after 4 months when he received a payment of $40 000.00. He agreed to accept a payment of $108000.00 at a later date. When should Henrik receive the payment it money is worth 5% compounded monthly?

State your answer in years and months (from O to 11 months).

The payment of $108,OOO.OO can be fulfilled in ____ year(s) and ____ month(s).
Read 89 times
1 Reply

Related Topics

Replies
Anonymous Author
wrote...
#1
A year ago

New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1107 People Browsing
 124 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1207
  
 270
  
 231
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352
Previous poll results: Do you trust social media networks with protecting your privacy?