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13 Nov 2019
1 -10.07 points TanApMath5 4.2.022 Luis has $170,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to roll over his assets to a new account. Luis also plans to put $2500/quarter into the new account until his retirement 20 yr from now. If the account earns interest at the rate of 8%/year compounded quarterly, how much will Luis have in his account at the time of his retirement? Hint: Use the compound interest formula and the annuity formula. (Round your answer to the nearest cent.) My Notes Lupe made a down payment of $1800 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 12%/year compounded monthly. Under the terms of her finance agreement she is required to make payments of $250/month for 24 mo. What is the cash price of the car? (Round your answer to the nearest cent.) Need Help? Read It
1 -10.07 points TanApMath5 4.2.022 Luis has $170,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to roll over his assets to a new account. Luis also plans to put $2500/quarter into the new account until his retirement 20 yr from now. If the account earns interest at the rate of 8%/year compounded quarterly, how much will Luis have in his account at the time of his retirement? Hint: Use the compound interest formula and the annuity formula. (Round your answer to the nearest cent.) My Notes Lupe made a down payment of $1800 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 12%/year compounded monthly. Under the terms of her finance agreement she is required to make payments of $250/month for 24 mo. What is the cash price of the car? (Round your answer to the nearest cent.) Need Help? Read It
akshaypatil83878Lv10
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23 Apr 2019
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