Recent Posts • Latest Topics • Unanswered Questions

A relative has asked you to calculate how much money they will need in order to be able to live off ...

afrah

wrote...

Go to Answer

Posts: 139

Rep:

A year ago

A relative has asked you to calculate how much money they will need in order to be able to live off ...

A relative has asked you to calculate how much money they will need in order to be able to live off the interest only. Your relative has the following questions for you to work out for them:

What principal is required in order to withdraw end of the quarter amounts of $7500 if they are able to earn interest at the rate of 8% compounded quarterly?
What interest rate would they have to be able to earn in order to increase the amount in part a by 10%. Use the present value from part a as your principal?

Textbook

Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

Read 52 times

1 Reply

Report

Replies

Answer verified by a subject expert

mossadds

wrote...

Posts: 144

Rep:

A year ago

More solutions for this book are available here

Report

Related Topics

afrah Author

wrote...

A year ago

Thanks

ealvino1610

wrote...

Yesterday

This site is awesome

derya1234

wrote...

2 hours ago

Just got PERFECT on my quiz

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1000 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

4498

277

101

Your Opinion

Previous poll results: Which country would you like to visit for its food?

Courses by Biology Forums

The Toxic Skin and Fungi Defense

Bonobos, Chimpanzees, and the 98% DNA Link

Strange Ingredients Lurking in Doritos Chips

It's sore throat season, why does my mucus have red spots?

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.