Solved: To buy a second hand car in 5 years jemy deposits 15000 a, Mathematics

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To buy a second hand car in 5 years jemy deposits 15000 a

1) Accumulate $30,000 for 2 years and 7 months at

a. 9% simple interest

b. 9% Compounded monthly

2) Find the amount of an annuity of $5,000 payable at the end of each 3 months for 8 years, if money is worth 12% compounded quarterly.

3) To buy a second hand car in 5 years, Jemy deposits $15,000 a month at a bank paying 9% interest, converted monthly. how much will he have after such period?

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Mathematics: To buy a second hand car in 5 years jemy deposits 15000 a

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