Recent Posts • Latest Topics • Unanswered Questions

A 10-year annuity providing a rate of return of 5.6% compounded quarterly was purchased for $25,000. ...

ang359

wrote...

Go to Answer

Posts: 163

Rep:

A year ago

A 10-year annuity providing a rate of return of 5.6% compounded quarterly was purchased for $25,000. ...

A 10-year annuity providing a rate of return of 5.6% compounded quarterly was purchased for $25,000. The annuity makes payments at the end of each quarter.

a) How much of the twenty-fifth payment is interest?
b) What is the principal portion of the thirteenth payment?
c) What is the total interest in Payments 11 to 20 inclusive?
d) How much is the principal reduction in the second year?
e) What is the final payment?

Textbook

Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

Read 73 times

1 Reply

Report

Replies

Answer verified by a subject expert

realistpnoy

wrote...

Posts: 157

Rep:

A year ago

More solutions for this book are available here

Report

Related Topics

ang359 Author

wrote...

A year ago

Just got PERFECT on my quiz

noodlelicker

wrote...

Yesterday

Brilliant ツ

vernonb

wrote...

2 hours ago

Thanks

New Topic

Quick Reply

Explore

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

430 People Browsing

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

Related Images

2085

445

1165

Your Opinion

Previous poll results: Who's your favorite biologist?

The Toxic Skin and Fungi Defense

Courses by Biology Forums

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

Bonobos, Chimpanzees, and the 98% DNA Link

Strange Ingredients Lurking in Doritos Chips

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 © 2010-2025 \| 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.