Compute the answer to the nearest dollar

Assignment Help Mathematics
Reference no: EM13177631

a couple just had a baby.how much should they invest now at 5.5% compounded daily in order to have $40,000 for the child's education 17 years from now? compute the answer to the nearest dollar.

Reference no: EM13177631

Questions Cloud

How many of each type should be hired to minimize total hour : If the wages per hour are $10, $15, and $18 for low, medium, and high skilled, respectively, how many of each type should be hired to minimize total hourly wages?
Find the sample standard deviation : Four marbles are chosen without replacement from a box containing 11 red, 9 blue, and 4 yellow marbles. Let X be the number of blue marbles chosen.
Compute the percentage increase in real gdp per person : Use the data on U.S. real GDP below to compute real GDP per person for each year. Then use these numbers to compute the percentage increase in real GDP per person from 1987 to 2005. Year REAL GDP (2000 prices) population 1987 $6,435,000 million..
What is the rejection region : A business journal investigation of the performance and timing of corporate acquisitions discovered that in a random sample of 2,963 firms, 610 announced one or more acquisitions during the year 2000.
Compute the answer to the nearest dollar : a couple just had a baby.how much should they invest now at 5.5% compounded daily in order to have $40,000 for the child's education 17 years from now? compute the answer to the nearest dollar.
Find highest profit or lowest loss availability to this firm : What is the highest profit or lowest loss availability to this firm? c. Should this firm operate or shut down in the short run? Why? d. What is the relationship between marginal revenue and marginal cost as the firm increases output?
Explain backward-bending supply curves in the wage : Market supply of labor The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours per week (QT) supplied to the market.Hourly Wage Hours per week
When to expect such a shift away from checkable deposits : During the Great Depression, the US economy experienced many bank runs, to the point where people became unwilling to keep their money in banks, preferring to hold on to their cash.
What is the equilibrium interest rate : What is the equilibrium interest rate? d. What happens to the interest rate if the money supply increases from 20 to 30? Illustrate your answer graphically. What happens to the interest rate if nominal income increases by 10%?

Reviews

Write a Review

Mathematics Questions & Answers

  Line integration and green theorem

Compute the integral of 4y^3 dx -2x^2 dy around the square bounded by the lines y=+/- 1 and x=+/-1. Directly by performing the line integration.

  Question about outer measure

Let m'(A) = inf sum of |M_i| where i is from 1 to infinity, such that A is a subset of M_i. M_i's are disjoint.

  Use an inequality to find the number of candies

It takes 16 minutes to set up a candy making machine. Once the machine is set up, it produces 30 candies per minute. Use an inequality to find the number of candies that can be produced in 5 hours if the machine has not yet been set up.

  What is the probability that in given year erroneous returns

If the annual proportion of erroneous income tax returns filed with the IRS can be looked upon as a random variable having a beta distribution with α= 2 and β = 9,

  Calculate the coefficient of multiple determinations

Calculate the coefficient of multiple determinations

  Modified tree diagram

Ernesto is going to choose 2 flowers. First, he will choose a flower for his mother the second flower he chooses will be for his sister. The florist has two blue flowers, 1 red flower and 1 yellow flower.

  Maximizing profit-lemonade stand

Create a function to determine how much revenue you will make at each price you charge. This is done by multiplying the price times your function. For example if your function is Cups Sold = 1000 - 100*Price, your revenue function would be Price*(..

  Formulas for volumes of cone and sphere

Please explain how to solve the following: Use the disk method to verify that the volume of a right circular cone is 1/3pir^2h.

  Slope of tangent line and derivatives

Find the point on the graph of the given function at which the slope of the tangent line is the given slope.

  Integration-academic response

Suppose that f and g are continuous functions and (integral sign) from 2 - 0 of f(x) dx = 5 and (integral sign) from 2-0 of g(x) dx = 13. Compute the following.

  Possible rational roots of cubic polynomial

Let the cubic equation ax^3 + bx^2 +cx + d =0 have integral coefficients a, b, c, and d. Show that if a =1, every rational root of the cubic must be an integer that divides the constant term d.

  Find rate of increment in the height of conical pile

To find the rate of increment in the height of conical pile at a particular point using differentiation.

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!

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