SOLUTION: What lump sum will be needed to generate payments of R5 000 at the end of each quarter for a period of 5
years if money is worth 7%, compounded quarterly?
Algebra.Com
Question 1145570: What lump sum will be needed to generate payments of R5 000 at the end of each quarter for a period of 5
years if money is worth 7%, compounded quarterly?
Answer by ikleyn(52786) (Show Source): You can put this solution on YOUR website!
.
In order to be (to become) a Math problem, this post must be totally re-edited and re-written.
But why I should edit your post ? Why should I do your job ?
RELATED QUESTIONS
A local university is planning to invest $500,000 every 3 months in an investment which... (answered by CPhill)
A person wishes to deposit $5,000 per year in a savings account which earns interest of 8 (answered by ikleyn)
A local university is planning to invest $500,000 every 3 months in an investment which... (answered by Theo)
a local university is planning to invest $ 500,000 every 3 months in an investment which... (answered by ikleyn)
#15: What lump sum deposited today at 12% compounded quarterly for 15 years will yield... (answered by mathmate,MathTherapy)
Carolyn Ellis is setting up an annuity for her retirement. She can set aside $2000 at... (answered by rfer)
If $84,000 is invested in an annuity that earns 5.5%, compounded quarterly, what payments (answered by Theo)
A person wants to deposit $10,000 per year for 6 years. If interest is earned at the rate (answered by Theo)
A person wants to deposit $10,000 per year for 6 years. If interest is earned at the... (answered by CPhill)