How much money can woman withdraw in equal payments

Assignment Help Econometrics
Reference no: EM13207207

A woman deposit $3500 dollars in a retirement account every year. If her account pays an average of 6% interest and she makes 38 deposits before she retires, how much money can she withdraw in 20 equal payments beginning one year after her last deposit?

Reference no: EM13207207

Questions Cloud

Re-write the formula by factoring right-hand side completely : In a study of worker efficiency at Wong Laboratories it was found that the number of components assembled per hour by the average worker t hours after starting work could be modeled by the formula.
Determine the present worth of the cranes repair costs : A construction company has purchased a crate that comes with a 3-year warranty. Repair costs are expected to average $3500 per year beginning in year 4 when the warranty expires. Determine the present worth of the crane's repair costs over its 15-..
Find the fincance charge or the monthly payment : The balance is to be paid in 60 equal monthly payments, with a finance charge equal to 8.6% add-on interest on the outstanding balance. Find the fincance charge or the monthly payment.
Assess the economic impact of war : Assess the economic impact of war (i.e. World war I, World War II, Korean War and t he Vietman War) on Japan and did the U.S. Occupation of Japan achieve its stated objectives of demilitarization and democratization? Be specifi
How much money can woman withdraw in equal payments : A woman deposit $3500 dollars in a retirement account every year. If her account pays an average of 6% interest and she makes 38 deposits before she retires, how much money can she withdraw in 20 equal payments beginning one year after her last de..
What is the average annual compounded rate : you can earn 5% per year compounded annually for the next 4 years, followed by 8% per year compounded quarterly for 5 years. What is the average annual compounded rate of return over the 9 year period? Express your answer with monthly compounding.
How many different breakfasts are possible : for its breakfast special a restaurant offers fried eggs or scrambled eggs with ham or bacon or sauage plus a choice of 5 different kinds of toast. how many different breakfasts are possible.
What will be the corresponding nominal interest rate : Suppose that the velocity of money is not constant but is growing at 1% per year. Real GDP is growing by 5% per year. If the central bank wants to reduce the rate of inflation to 3%, what must be the new rate of money growth? If the real rate if r..
Write an exponential fuction of the form : write an exponential fuction of the form y=ab^x that has a graph through the given points (-2,2/25)(1,10)

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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