# Mathematics of Business and Finance Assignment

## Mathematics of Business and Finance

(a) Calculate the present value of a loan that could be cleared by payments of \$3,400 at the end of every 6 months for 5 years if money earns 6.09% compounded semi-annually.
(b) Dustin saved \$220 at the end of every month for 2 years in his bank account that earned 6.80% compounded monthly.
(1) What is the accumulated value of his savings at the end of 2 years?
(2) What is the interest earned over the 2 year period?
(c) A loan, amortized over 5 years, is repaid by making payments of \$1,500 at the end of every month. If the interest rate is 4.75% compounded semi-annually, what was the loan principal?
(d) Thomas deposited \$600 at the end of every month into an RRSP for 7 years. The interest rate earned was 3.25% compounded semi-annually for the first 5 years and changed to 3.50% compounded monthly for the next 2 years. What was the accumulated value of the RRSP at the end of 7 years? Get Finance homework help today

Pages (550 words)
Approximate price: -

Why Homework Market

Quality Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Qualified Writers

We have hired a team of professional writers experienced in academic and business writing. Most of them are native speakers and PhD holders able to take care of any assignment you need help with.

Unlimited Revision

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account.

Timely Delivery

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. We will always strive to deliver on time.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text.

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

## Calculate the price of your order

Total price:
\$0.00

How it works?

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Homework Market Writing Services

No need to work on essay at night. Sleep tight, we will cover your back. We offer all kinds of essay writing services.

## Essay Writing Services

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.