I need help with all three as im unsure if they're correct and I'm struggling...
60.1K
Verified Solution
Question
Accounting
I need help with all three as im unsure if they're correct and I'm struggling with the equation
\#8. You deposit $5,000 at the end of every year for 10 years. Assume you are earning 8.88% per year for the entire problem. After ten years of making such deposits, you just keep the money in your bank-still earning 8.88% per year. How many years (after making your last deposit) would it take for your money to grow to $534,480 ? n=101y=8.88 CPtfU=75530.95=PV n=23 \#9. You have just started making monthly payments of $948.32 on a $120,000 mortgage with an interest rate of 8.8% and a 30 year life. Assume that you have decided to add another $200 to this required payment on this mortgage. In how many years will this mortgage be paid off? In terest =221,398.44 16.6 years 948.32 10. Assume that you borrowed $5,500. Payments are made weekly at the rate of $40.55 per week over a period of 3 years. What is the annual interest rate on this loan
I need help with all three as im unsure if they're correct and I'm struggling with the equation

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.