Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
mombefor78 mombefor78
wrote...
Posts: 130
Rep: 0 0
9 months ago
Maria has just received an inheritance of $89,218 and she is going to invest the money today at 10.5% compounded monthly. This money must provide her with $75,000 in eight years and $100,000 in twelve years. If the $89,218 isn't enough, she will add to the investment now from her other savings. If the $89,218 is more than enough she will spend the extra money. Which of the following statements is true?

▸ She must add $11,674 to the $89,218.

▸ She must add $85,782 to the $89,218.

▸ She has exactly the right amount of money now.

▸ She can spend $137,812 of the $89,218.

▸ She can spend $28,200 of the $89,218.
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
Read 38 times
1 Reply
Replies
Answer verified by a subject expert
sbbaltsbbalt
wrote...
Posts: 131
Rep: 0 0
9 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

mombefor78 Author
wrote...

9 months ago
Thank you, thank you, thank you!
wrote...

Yesterday
This site is awesome
wrote...

2 hours ago
Just got PERFECT on my quiz
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  966 People Browsing
Related Images
  
 1164
  
 222
  
 912
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 308