Tuesday

July 29, 2014

July 29, 2014

Posted by **Gibbons** on Tuesday, June 22, 2010 at 3:45am.

1. $3500000 every 6 months for 5 years at the rate of 16% compounded semi-annually.

2. $7000000 per month for 10 months at the rate of18% compounded monthly.

3. $1700000 per year for 5 years at the rate of 14% compounded annually.

- Mathematics -
**Reiny**, Tuesday, June 22, 2010 at 9:43amI will do the first one, the other two are done the same way

a)

PV = 3500000( 1 - 1.08^-10)/.08

= $23 485 284.09

BTW, what's with the huge numbers?

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