How much do you have to deposit each year make sure

Assignment Help Business Economics
Reference no: EM13149073

To provide an education for someone. They open an account in which equal payments are made from the first payment Jan 1995 to Jan 2012. The cost of the tuiton for 4 years is 8,000 dollars. Assume the interest rate is 5.75 %. how much do you have to deposit each year make sure that 8,000 can be withdrawn for the 4 years?

Reference no: EM13149073

Questions Cloud

Complete hypotheses testing using p value approach : Psychological test. For the sample data, n = 50,mean = 17.3 and S.D = 5.4.USE level of significance = .05. Complete hypotheses testing using P value approach.
Determining role the objective setting process : Describe the role the objective setting process plays in how and if auditing objectives are met. What are some steps you might take to ensure you consistently meet audit objectives?
Is the same true for fiscal expansion : Monetary expansion causes the current account balance to increase in the short run. Discuss this statement. Is the same true for fiscal expansion?
Atoms contain protons : Atoms contain protons. 2)Nuclei move out of the paths of the alpha particles. 3)Neutrons have zero charge.
How much do you have to deposit each year make sure : Assume the interest rate is 5.75 %. how much do you have to deposit each year make sure that 8,000 can be withdrawn for the 4 years?
Essential of allowance method of accounting : What are the essential of the allowance method of accounting for bad debts?
What is the difference between human and cow milk : What is the difference between human and cow milk? Which one has more protein, lipid, or lactose? Which one is better for humans?
Then what would be the payment : There is a loan for 5,00 dollars with interest of 8 % annually. There is another way to repay the 5,000 dollar by making 4 annual payments of 1,000. Then what would the 5th payment be?
Find confidence intervals for the coefficients : Explain briefly how each of the variables affects the value of an MLB franchise (i.e., use the variable definitions above to interpret, in words, the coefficient estimates with regard to each variable).

Reviews

Write a Review

Business Economics Questions & Answers

  How many lights to install

The three families are considering putting in streetlights on Main Street and are trying to describe how many lights to install. The table below shows each family's willingness to pay for each streetlight.

  Gap between real gdp and potential gdp

In which directions are they pushing or pulling the U.S. economy. Also, do you think the gap between real GDP and potential GDP will widen or narrow.

  Assume the current equilibrium price of cheese pizza

Assume the current equilibrium price of cheese pizza is $10 also 10 million pizzas are sold every month. After the federal government imposes

  Elucidate how these problems are interconnected

Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange. Elucidate how these problems are int..

  Write down mareko intertemporal budget constraint

Write down Mareko's intertemporal budget constraint in future value terms. How much pineapple will Mareko consume in each period.

  College education is far too expensive for students

The president of your college believes that the cost of a college education is far too expensive for students to afford and has decided.

  Practice costs american jobs in the long run

Wal-Mart is often criticized for importing many of the goods they sell. Why do they buy goods from foreign markets.

  What is profixt maximizing level of output and labor

If labor is paid $100 and your average tool price is $250 what is profixt maximizing level of output and labor? What is your maximum profit?

  Who should specialize in gathering nuts

Suppose that in an hour Chip can gather 8 pounds of fruit or 4 pounds of nuts. In an hour, Monk can gather 9 pounds of fruit or 3 pounds of nuts. Who should specialize in gathering nuts? Monk or Chip? both? or neither?

  Elucidate the balance sheet balances for assets

Elucidate the balance sheet balances if these are the only assets and liabilities. Supposing that the people hold no currency, what happens to each of these values.

  Compute an appropriate measure of association also decide

Compute an appropriate measure of association also decide how to present the results.How might this information involve the advertising approach.

  Explain why do cattle ranchers slaughtering a large number

Explain why do cattle ranchers slaughtering a large number of newborn calves and burying them in mass graves rather than transporting them to markets.

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