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11. How much should you deposit initially in an account paying 10% compounded monthly in order to have $1000000 in 30 years? $50402.83 $50407.83 $50409.83 $50405.83 12. If a loan $5800 is made at 16% compounded quarterly over 6 years, the interest accrued would be: $5800 (1+0.04)24 $5800 (1+0.04)6 $5800(1+0.4)24 - $5800 $5800(1+0.16)6 - $5800

11. How much should you deposit initially in an account paying 10% compounded monthly in order to have $1000000 in 30 years? $50402.83 $50407.83 $50409.83 $50405.83 12. If a loan $5800 is made at 16% compounded quarterly over 6 years, the interest accrued would be: $5800 (1+0.04)24 $5800 (1+0.04)6 $5800(1+0.4)24 - $5800 $5800(1+0.16)6 - $5800

Introduction to Chemical Engineering Thermodynamics
Introduction to Chemical Engineering Thermodynamics
8th Edition
ISBN:9781259696527
Author:J.M. Smith Termodinamica en ingenieria quimica, Hendrick C Van Ness, Michael Abbott, Mark Swihart
Publisher:J.M. Smith Termodinamica en ingenieria quimica, Hendrick C Van Ness, Michael Abbott, Mark Swihart
Chapter1: Introduction
Section: Chapter Questions
Problem 1.1P
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ll KOREK LTE 12:25 PM 59% A docs.google.com 11. How much should you deposit initially in an account paying 10% compounded monthly in order to have $1000000 in 30 years? $50402.83 $50407.83 $50409.83 $50405.83 12. If a loan $5800 is made at 16% compounded quarterly over 6 years, the interest accrued would be: $5800 (1+0.04)24 $5800 (1+0.04)6 $5800(1+0.4)24 - $5800 $5800(1+0.16)6 - $5800
Transcribed Image Text:ll KOREK LTE 12:25 PM 59% A docs.google.com 11. How much should you deposit initially in an account paying 10% compounded monthly in order to have $1000000 in 30 years? $50402.83 $50407.83 $50409.83 $50405.83 12. If a loan $5800 is made at 16% compounded quarterly over 6 years, the interest accrued would be: $5800 (1+0.04)24 $5800 (1+0.04)6 $5800(1+0.4)24 - $5800 $5800(1+0.16)6 - $5800
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