How much money will you accumulate for an interest rate

Assignment Help Econometrics

Reference no: EM13206709

One of life's great lessons is to start early and save all the money you can! If you save two dollars today and two dollars each and every day thereafter until you are 60 years old, how much money will you accumulate(say,$730 per year for 35 years) if the annual interest rate is 7%?

Reference no: EM13206709

Questions Cloud

Define the solids are mutually immiscible : Benzene (A) melts at 6 0C and diphenylmethanol (B) melts at 65 0C. The solids are mutually immiscible. There is a eutectic at 1 0C, the eutectic solution being 20 mol % in B, and an unstable compound, AB2,

How many different selections can a customer make : Customers selecting one of these cars have a choice of three engine sizes, four body styles, and three color schemes. How many different selections can a customer make?

Why is the soft drink industry so profitable : a. Why is the soft drink industry so profitable during the years in this case b. Update the profitability what has happened to Coke and Pepsi in the last five years c. Coke and Pepsi have been the dominant players in this market. Today, what market..

How does this relate to the greenhouse effect : Global warming is related to increased greenhouse gas emissions. Aren"t they the same? No Separate issues, separate pollutants. How does this relate to the greenhouse effect?

How much money will you accumulate for an interest rate : One of life's great lessons is to start early and save all the money you can! If you save two dollars today and two dollars each and every day thereafter until you are 60 years old, how much money will you accumulate

Characteristics of negro expression : What is Zora Neale Hurston's piece "Characteristics of Negro Expression" about and how does it contrast to Langston Hughes piece "The Negro Artist and the Racial Mountain"

State automobile clocked by law-enforcement radar : Consider a 2430-lb automobile clocked by law-enforcement radar at a speed of 85.5 mph (miles/hour). If the position of the car is known to within 5.0 feet at the time of the measurement, what is the uncertainty in the velocity of the car?

What is a stakeholder : What role does the target research population play in reference to recruitment and retention strategies? What are some possible recruitment and retention challenges a researcher may experience?

Compare the number of floating point operations : Compare the number of floating point operations (see "flops") needed by the two approaches to spectral differentiation which method is preferable?

User Account

All Pages