Top Posters
Since Sunday
2
g
1
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
majarm majarm
wrote...
Go to Answer
Posts: 406
Rep: 0 0
7 years ago
$6420.00 was invested at a fixed rate of 6.5% compounded semi-annually for 5 years. After 5 years, the fund was converted into an ordinary annuity paying $550.00 per month. If interest on the annuity was 6% compounded monthly, what was the term of the annuity?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
Read 398 times
8 Replies
Replies
Answer verified by a subject expert
josanjosan
wrote...
#1
Posts: 361
Rep: 189 2
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

wrote...
#2
5 years ago
Thankyou for the answer
wrote...
#3
5 years ago
thanks for answer
wrote...
#4
5 years ago
thank you
wrote...
#5
5 years ago
Thanks
wrote...
#6
5 years ago
tank you
wrote...
#7
4 years ago
thank you
wrote...
#8
4 years ago
thank you
New Topic      
Quick Reply
Bold
Italic
Underline
Strikethrough
Subscript
Superscript
Insert Math Equation
Font Name
Font Color
Align left
Center
Align right
Bullet list
Numbered list
Insert a horizontal rule
Insert a table
Insert a Quote
View source
Explore
Post your homework questions and get free online help from our incredible volunteers
  1771 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 482
  
 785
  
 832
Your Opinion
Previous poll results: What's your favorite coffee beverage?