subject
Business, 22.02.2021 21:10 clairefc2019

Deposits are to be made to a fund each January 1 and July 1 for the years 1985 through 1995. The deposit made on each July 1 will be 10.25% greater than the one made on the immediately preceding January 1. The deposits made on each January 1 (except for January 1, 1985) will be the same amount as the deposit made on the immediately preceding July 1. The fund will be credited with interest at a nominal annual rate of 10%, compounded semi-annually. On December 31, 1995, the fund will have a balance of 11,000. Determine the initial deposit to the fund.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 16:50
Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.
Answers: 1
question
Business, 22.06.2019 19:20
Win goods inc. is a large multinational conglomerate. as a single business unit, the company's stock price is estimated to be $200. however, by adding the actual market stock prices of each of its individual business units, the stock price of the company as one unit would be $300. what is win goods experiencing in this scenario? a. diversification discount b. learning-curveeffects c. experience-curveeffects d. economies of scale
Answers: 1
question
Business, 22.06.2019 23:50
Jaguar has full manufacturing costs of their s-type sedan of £22,803. they sell the s-type in the uk with a 20% margin for a price of £27,363. today these cars are available in the us for $55,000 which is the uk price multiplied by the current exchange rate of $2.01/£. jaguar has committed to keeping the us price at $55,000 for the next six months. if the uk pound appreciates against the usd to an exchange rate of $2.15/£, and jaguar has not hedged against currency changes, what is the amount the company will receive in pounds at the new exchange rate?
Answers: 1
question
Business, 23.06.2019 00:30
Greentel, a telecom giant, has been using the service of orpheus inc. for training its employees. according to a deal signed by the two companies, orpheus inc. is not only responsible for training greentel's employees but also for providing comprehensive administrative services to the telecom giant. in this instance, greentel engages in
Answers: 1
You know the right answer?
Deposits are to be made to a fund each January 1 and July 1 for the years 1985 through 1995. The dep...
Questions
question
Chemistry, 11.09.2019 03:10