1-Bomac steel sets aside $5000 at the beginning of every six months in a fund...
50.1K
Verified Solution
Link Copied!
Question
Accounting
1-Bomac steel sets aside $5000 at the beginning of every six months in a fund to renlace equipment. If interest is 6 % con quarterly, how much will be in the 1 five years?
2- An annuity with a cash value of $14 500 earns 7% semi-annually. End-of-period, semi-annual payments to the beneficiary are deferred for 7 years, and then continue for 10 years. How much is the amount of each payment?
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.