How much do you need to save each month for this purpose

Reference no: EM13287449

Even though you have no idea who you will marry, you are planning to have an elaborate wedding 4 years from now. The estimated cost of the wedding is $52,000 and you expect to earn 3.5 percent on your savings. How much do you need to save each month for this purpose assuming that you have no money saved as of today ?

Reference no: EM13287449

Questions Cloud

Explain how you will apply the concept of npv : Imagine you are a small business owner. Explain how you will apply the concept of NPV / payback rule to make a good financial decision.

Explain the stoiometry between oxalic acid and naoh : if I have .42N NaOH and the stoiometry between Oxalic acid and Naoh is 1:2 then does that mean i do .42/.5=mol Oxalic acid * vol of titrations = molarity of oxalic acid

How to write an expression for the forced response : The low pass filter G(s)= (s+5)/(s+10) is given. Derive the forced response y1(t) for x1(t)=10exp(-0.1t). Write an expression for the forced response y2(t) when the input is x2(t)=12exp(-0.1t)cos(2t).

What is the yield to maturity : The 7 percent annual coupon bonds of TPO, Inc. are selling for $1,021. The bonds have a face value of $1,000 and mature in 6.5 years. What is the yield to maturity?

How much do you need to save each month for this purpose : How much do you need to save each month for this purpose assuming that you have no money saved as of today ?

What is the emf around the square : A square loop of wire has sides of length 3 cm. A magnetic field points out of the screen; its magnitude is B = 3.0t2y, What is the emf around the square at t = 2.00 s

Find the inverse laplace transform by using the theorem : (a) Find the inverse Laplace transform of df(t)/dt by differentiating f(t) and then using the Laplace transformtables.(b) Find the inverse Laplace transform of df(t)/dt by using the theorem for differentiation.

What launch speed must the proton have : What is the electric field strength between the disks? A proton is shot from the negative disk toward the positive disk. What launch speed must the proton have

Mole of ethanol to carbon dioxide and water liberates : Assume that the complete combustion of one mole of ethanol to carbon dioxide and water liberates 1370 kJ (?G°\' = –1370 kJ/mol). If the energy generated by the combustion of ethanol is entirely converted to the synthesis of a hypothetical compound X,..

User Account

All Pages