Determine how large was the each deposit

Reference no: EM13246421

Two equal deposits made 20 and 21 years ago, respectively, willallow a retiree to withdraw $10,000 now and $10,000 per year for 14more years. If the account earned interest at 10% per year,how large was each deposit?

Reference no: EM13246421

Questions Cloud

State a balance equation for each of the decomposition : Predict the products and write a balance equation for each of the following Decomposition

Find how many packages should be purchase per week : the price the supplier will charge the stores dependson the size of the total weekly order for all of the stores. weeklyorder price perpackge how many packages should be purchase per week,and at which of the five prices listed..

Explain the importance of building a foundation for critical : Explain the importance of building a foundation for critical and creative thinking when evaluating historical events such as the Boston Tea Party.

Determine the hight of the tower : An iron tower in is 340 meters tall on a cold day (=-8l4 degrees Celsius). What is the hight of the tower on a hot day whe the tempeture is 32.4 degrees Celsius

Determine how large was the each deposit : Two equal deposits made 20 and 21 years ago, respectively, willallow a retiree to withdraw $10,000 now and $10,000 per year for 14more years. If the account earned interest at 10% per year,how large was each deposit

Explain a compound breaks apart into its elements : Identify the type of reaction for each of the following as combination, decomposition, single replacement, double replacement, or combustion: a) a compound breaks apart into its elements

Depict the localized electron orbital model : Acetylene (C2H2) can be produced from the reaction of calcium carbide (CaC2) with water. Draw the localized electron orbital model (hybridized orbital model) for the acetylide anion (C22-), showing and lone pair electron orbital.

What rate of return did the company make on the investment : Danson Iron Works, Inc. manufactures angular contact ball bearings for pumps that operate in harsh environments. If the company invested $2.4 million in a process that resulted in profits of $760,000 per year for 5 years

Calculation the pressure inside the submarine : A Submarine dives to a depth of 312 feet in the ocean, What is the fource (in pounds) acting on a hatch that has an area of 4.7 square feet

User Account

All Pages