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Home Q & A Board Science-Related Homework Help Mathematics
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gringoboy6 gringoboy6
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4 months ago
Six year old Jerry's grandmother is going to invest $18,000 now to pay for the first two years of Jerry's college education. She plans to provide him with two equal payments. The first will be in 11 years and the second will be in 12 years. If the investment earns 9% compounded semiannually what will be the size of the two payments?

▸ $13,765.75

▸ $15,749.62

▸ $18,499.77

▸ $22,259.16

▸ $24,745.52
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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choroni64choroni64
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4 months ago
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gringoboy6 Author
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4 months ago
Correct Slight Smile TY
GeorgeNeist
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Yesterday
Helped a lot
Hellish Lover
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2 hours ago
Smart ... Thanks!
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