User Account

All Pages

Continuous compounding and an apr

Assignment Help Mathematics
Reference no: EM132027381

Suppose someone wants to accumulate $120,00 for retirement in 30 years. The person has two choices. Plan A is a single deposit into an account with annual compounding and an APR of 4%. Plan B is a single deposit into an account with continuous compounding and an APR of 3.5%. How much does the person need to deposit in each account in order to reach the goal?

The person must deposit $______________ into the account for Plan A to reach the goal of $120,000.

(Round to the nearest cent as needed.)

Reference no: EM132027381

Questions Cloud

Write a dissertation proposal on e-commerce in italy : E-commerce in Italy: the best practices to drive success in e-business platforms Interesting - Describe the topic to investigate for Dissertation
Find the number of bulbs expected to be defective : Two of the bulbs were defective. If the sample was representative, find the number of bulbs expected to be defective in a case of 450.
What are the new coordinates : A triangle in the coordinate plane has vertices of (2,6), (-4, -4), and (0,-6). When the triangle is dilated with a scale factor of 1/2.
Find the surface area of the plane : Find the surface area of the plane 2x + y + 2z = 16 bounded by x = 0, y = 0 and x 2 + y 2 = 64, above the first quadrant x = 0, y = 0 in the xy - plane.
Continuous compounding and an apr : Plan B is a single deposit into an account with continuous compounding and an APR of 3.5%.
Compose a linear function of the form : Compose a linear function of the form y = mt + b to represent the value y of the vehicle t years after purchase.
Measure of central tendency : If I added the number 19 to the data, which measure of central tendency would change the most?
Give the equation of the line parallel to a line : Give the equation of the line parallel to a line through (-3,4) and (-5,-6) that passes through the origin.
How many points can he expect to earn : However, he will lose 1 point for an incorrect guess. if there are 4 red, 2 green. and 2 yellow candy beans in the hat and Marcus guesses red every time

Reviews

Write a Review

Mathematics Questions & Answers

  Questions on ferris wheel

Prepare a Flexible Budget Gator Divers is a company that provides diving services such as underwater ship repairs to clients in the Tampa Bay area.

  Logistic map

This assignment has two question related to maths. Questions are related to bifurcation cascade and logistic map.

  Finding the probability of cards

This assignment has questions related to probabiltiy.

  Systems of ode

Find all the xed points, and study their stability and Draw the phase portrait of the system, as well as the graphs of the solutions in all relevant cases.

  Derive the boolean expression

Derive the Boolean Expression and construct the switching circuit for the truth table stated

  System of equations

Evaluate which equations are under-identified, just-identified, and over-identified.

  Linear programming problem

Linear programming problem consisting of only two constraints with one objective function.

  Find the natural domain

Find the natural domain of the given functions.

  Introduction to numerical methods

Compute the coecients of the polynomials using the term recurrence relation.

  Chart of the topological manifold

De?nition of smoothness of functions on a smooth manifold is chart independent and hence geometric.

  Mathematics in computing

Questions related on mathematics in computing.

  Complex problems

Complex problems

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