Question

Anna plans to purchase a new vehicle in two years. To do this, he deposits a savings of Q 20,000 in Bank A at a rate of 8.75% annual interest, compounded semiannually. In addition, it will also make bimonthly deposits due in Bank B at a rate of 9% per year, compounded bimonthly. If the price of the vehicle you want to buy in two years is Q 160,000. What should be the value of bimonthly deposits? to. Q9,248.37 b. Q11,005.17 c. Q10,448.69 d. Q10,148.47 and. None of the above.

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Answer to a math question Anna plans to purchase a new vehicle in two years. To do this, he deposits a savings of Q 20,000 in Bank A at a rate of 8.75% annual interest, compounded semiannually. In addition, it will also make bimonthly deposits due in Bank B at a rate of 9% per year, compounded bimonthly. If the price of the vehicle you want to buy in two years is Q 160,000. What should be the value of bimonthly deposits? to. Q9,248.37 b. Q11,005.17 c. Q10,448.69 d. Q10,148.47 and. None of the above.

Expert avatar
Murray
4.5
84 Answers
la respuesta correcta es (c) Q10.448,69.

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