Determining the immediate payment
An immediate payment of $1,000 and additional payment of X after 2 years are equivalent to two payments of $2,000 each at end of 4 years and 5 years. Find X if i(6) = 0.06.
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Find out the truth value of the statement: 2+8=10 and -3>3. For the statement: If I get the promotion, I'll not move to California.
Model this condition with set and list notation: illustrate a set T whose elements represent all possible choices for the three positions.
A sum of $1,000 is invested for 5 years and earns $131.41 as interest. Determine the rate of interest and the accumulated value of $2,500 at the same rate of interest after 8 years?
An investment of $1,000 will raise to $4,000 in 20 years. Determine the present value of two payments of $5,000 each at the end of 10 years and 30 years.
Payments of $1000, $2000, and $4000 are made at end of 5, 10, 20 years respectively. If T1 is the time of payment of $7000 using an equation of value and T2 is the time of a payment of $7000 using the method of equated time, find&
Write down each compound statement in symbolic form. (Note: don't forget to identify your simple statements)
$100,000 is needed at the end of 15 years for a College Education Fund. Deposits of $3000 are made at the end of each of the first 5 years, $3000+X at the end of each of the next five years
A family wishes to purchase house for $450,000 with 30-year loan and down payment of 20%. The closing costs are approximately 1.5% of the loan amount and might be included in the loan. The present rate of interest is i(12) = 0.06. Comput
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