User Account

All Pages

Calculate the future value of the investment

Assignment Help Algebra
Reference no: EM13294716

A grandmother is looking for a plan to finance her new grandchild's college education. She has $50,000 to invest. Search the internet and locate a long-range investment plan, CD, Savings Bond, etc, for the grandmother.The plan is to earn compound interest.

Calculate the future value of the investment. You must use the advertised interest rate, the number of compounding periods per year, and the time the funds will be invested.If you are not given the number of compounding periods a year, make it up.

  1. The principal is $50,000. This is P.
  2. Research the annual interest rate for your investment. This is r.
  3. State the time in years for the investment (as in when the new grandchild will be attending college). This is t.
  4. State the number of compounding periods per year.This is n.
  5. Model the future value of Grandma's investment as an exponential function, with time as the independent variable: F(t) = P(1 + r/n) nt
  6. State the future value of Grandma's investment.
  7. Use the internet or library resources to find the average cost of a college education today; will grandma's investment be able to cover the cost in today's dollars; what about in the future?
  8. Summarize your findings in writing using proper style and grammar.
  9. Include references formatted according to APA style.

Reference no: EM13294716

Questions Cloud

What type of magnetic pole is the top pole face : The force on a long wire is a maximum of 6.20 10-2 N when placed between the pole faces of a magnet. What type of magnetic pole is the top pole face
Explain the ratio of co2 to co in the exhaust gas : A mixture of 65 mol% methane, 30 mol% hydrogen, and 5 mol% nitrogen is burned to heat a boiler used to produce hot steam. The ratio of CO2 to CO in the exhaust gas is 10:1.
Use the rounded numbers in intermediate calculations : Solve for the unknown number of years in each of the following (Enter rounded answers as directed, but do not use the rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16)).
Evaluate the magnitude of the force on the wire : You have a 10.9 m straight wire carrying a 9.89 A current. What is the magnitude of the force on the wire when it is in a 0.83 T magnetic field perpendicular to the wire
Calculate the future value of the investment : Calculate the future value of the investment. You must use the advertised interest rate, the number of compounding periods per year, and the time the funds will be invested.
Where is the final image relative to the second lens formed : Two converging lenses, each of focal length 13.4 cm, are placed 62.8 cm apart, Where is the final image relative to the second lens formed
What is the present value of your windfall : You have just received notification that you have won the $2.12 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 68 years from now.
Obtain the mass of the rod : A rod of length 30.0 cm has linear density (mass per length) given by: ?= 50.0 + 20.0x. What is the mass of the rod
What annual rate of return would she have earned : If an investor had purchased the security at market on March 8, 2023, and held it until it matured, what annual rate of return would she have earned?

Reviews

Write a Review

Algebra Questions & Answers

  Solve the linear model

Select five values for x to plug into the linear function, P(x)=10x-7 and prepare a table of values

  Identify the sample and suggest a population

Identify the sample and suggest a population

  Evaluate the ratios

Evaluate the ratios and check are the ratios equivalent.

  Define variables and profit function

Define variables and profit function

  Make a linear equation

Assume you have a lemonade stand, & when you charge $1 per cup of lemonade you sell 50 cups. But when you raise your price to $2 you only sell 25 cups. Make an equation for the number of cups you sell as a function of the price you charge. Denote "C"..

  Classify linear and non linear functions

For each of the relationships given below, describe whether you think it is best explained by a linear function or a non-linear function.

  Which of the following are functions

Which of the following are functions?  The two problems, i.e., 1 & 3, are multi part relations consider all parts when determining whether or not these relations are functions. Explain your reason for 1, 2, & 3.

  Using venn diagram for solving word problems

Using venn diagram for solving word problems.

  Joint probability density function

The joint probability density function.

  Applications of combination

Applications of combination

  Solving problems using venn diagram

Solving problems using venn diagram.

  Solving problems into equation

Solving problems into equation.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd