The Amount of $75 400

question 38

Essay

The amount of $75 400.00 is invested at 9.65% compounded quarterly for 3 years. After 3 years the balance in the fund is converted into an annuity. If interest on the annuity is 6.75% compounded semi-annually and payments are made at the end of every six months for 8 years, what is the size of the payments?

Recognize the importance of sustainable development in international business practices.

Understand the concept and implications of being a transnational corporation in the global market.

Understand the basic components and instructions of ladder logic in CLX programming.

Comprehend the real-time execution nature of CLX controllers.

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Definitions:

Certified Check

A payer’s check written and signed by the payer, which is stamped “certified” by the bank. The bank has already drawn money from the payer’s account to guarantee that the check will be paid.

Managed Care Organizations

Health organizations that provide medical care directly to the insured person with the aim to improve healthcare services while controlling costs.

Bilateral Agreement

A binding contract between two parties, often countries, to agree on specified actions, obligations, or concessions.

Outsourced Billing

The practice of hiring an external company to manage the invoicing and collection of payments for healthcare services.