Computing equal periodic deposits

Reference no: EM1329811

You want to have $30,000 in your savings account eight years from now, and you're prepared to make equal annual deposits into the account at the end of each year. if the amount pays 5.25 percent interest, what amount must you deposit each year?

Reference no: EM1329811

Questions Cloud

Long-term relationship with one of its customers : key factors to consider when establishing a relationship with a customer and What key factors should a supplier consider when establishing a long-term relationship with one of its customers?

Difference between the front-end and back-end processes : What is the difference between the front-end and back-end processes of office automation and What types of tasks would benefit from databases utilizing workflow technology

Explain health policies and determinants : Explain Health Policies and Determinants and Discuss the ways that health can be conceptualized by a society

How changing business environment has affected the decisions : Explain how the changing business environment has affected the decisions team members' organizations have made in their use of information technology.

Computing equal periodic deposits : You want to have $30,000 in your savings account eight years from now-what amount should you deposit each year?

Evaluating initial amount and later balance of loan : An amortized loan has 10 annual payments at the end of each year starting one year from now. The first 5 payments are $1000 each and the final 5 payments are $500 each.

Explain companies that have used internet technologies : Explain Examples of companies that have used internet technologies to gain clear advantages over competition

What would you recommend to the management of a firm : What would you recommend to the management of a firm going global on the issue of establishing a code of conduct and What factors would you consider important elements of such a code?

What is the situation and the challenges : What is preventing Riordan from being at their end state vision or desired state of operation and In other words what is the gap between the current situation and the end state vision.

User Account

All Pages