SOLUTION: This is Business Math. Please use the financial calculator BAII Plus for this.
What period of time is required for $107.00 deposited by Kelly Zhu at the beginning of each month
Algebra.Com
Question 1201629: This is Business Math. Please use the financial calculator BAII Plus for this.
What period of time is required for $107.00 deposited by Kelly Zhu at the beginning of each month at 12.85% compounded quarterly to grow to $13,000.00?
As you have set the calculator to consider monthly payment, the answer the calculator gives you (N) is in months. However, your answer must be in years, months, and days.
N (number of periods, must be correct to at least 5 decimal places)
N=
Years, months and days must be whole numbers, no decimal places. If the days are a decimal value, round the days up to the next whole day.
Years=
Months=
Days=
Answer by ikleyn(52803) (Show Source): You can put this solution on YOUR website!
.
Why don't YOU use the financial calculator BAII Plus for this ?
Hello, this assignment has a goal to teach you to perform this kind of calculations using that special calculator.
It assumes, that you do this job on your own, after reading the relevant instructions on how to use the calculator.
So, it is expected (obviously), that you do it on your own from the beginning to the end.
If I will do it for you and instead of you, it will be ANTI-pedagogic from my side.
Hope, as a reasonable student, you are totally agree with me.
Glad to have so consistent vision with you.
RELATED QUESTIONS
This is Business Math. Please use the financial calculator BAII Plus for this.
What is (answered by ikleyn)
This is Business Math. Please use the financial calculator BAII Plus for this:
Mandy... (answered by ikleyn)
This is Business Math. Please use the financial calculator BAII Plus for this:... (answered by ikleyn)
This is Business Math. Please use the financial calculator BAII Plus for this.
A... (answered by Theo)
I can't figure this problem out. I would vey much appreciate some help with it, please:... (answered by josmiceli)
This is the first week of this class and it is not starting out good for me so far.... (answered by josmiceli)
Hello, I need help with a simple interest financial question.
Alex deposits a sum of... (answered by josmiceli)
A manufacturer produces a business calculator and a graphing calculator. each calculator... (answered by Theo)
A machine is under consideration for investment. The cost of the machine is P25,000.00.... (answered by Theo)