How much must be deposited each month

Assignment Help Business Economics

Reference no: EM13737903

How much must be deposited each month for 9 months at an interest rate of 6.9% per month to allow for a single withdrawal of $50,854.48 at the same time as the last deposit?

Reference no: EM13737903

Questions Cloud

Aside investment funds now for replacing : British Airways Plc plans to set aside investment funds now for replacing 34 of the airline's aging long-haul fleet of Boeing 747s and 767s, which will be delivered 6 years from now. How much will the company need to have in its investment funded now..

What is the difference of the total interest paid : Arian is about to borrow $3,903.71 from his uncle. He has an option to repay the loan at the end of year 6 with 9.73% simple interest per year or with 6.77% interest per year, compounded annually. What is the difference of the total interest paid ove..

Calculate the present worth of geometric gradient series : Calculate the present worth of the following geometric gradient series cash flow: Annual interest Rate =9.64 %, Annual cash flow increases 29% each year, The first year value is $65 and the series is 9 yrs long.

International partnership for the marketing and distribution : Barney's Liquids and Aunt Bee's Lemonade plan to expand their international partnership for the marketing and distribution of ready-to-drink tea products by adding 11 countries to their current markets. If the agreement is reached, operations are exp..

How much must be deposited each month : How much must be deposited each month for 9 months at an interest rate of 6.9% per month to allow for a single withdrawal of $50,854.48 at the same time as the last deposit?

Geometric gradient series cash flow : Calculate the present worth of the following geometric gradient series cash flow: Annual interest Rate =7.07 %, Annual cash flow increases 20% each year, The first year value is $58 and the series is 8 yrs long. Present your answer with 2 decimal pla..

Defence supplier expects to generate additional revenue : A major defence supplier expects to generate additional revenue from its recently won government contract. The company expects the revenue will be $110 million in the first year and the revenue increasing by $2.5 million each year for the next 4 year..

Insurance premiums : What is the maximum it would be reasonable for the owner of a building to pay for a new sprinkler system if it would save $785 per year in insurance premiums. The owner's cost of money is 7.00%/yr. Assume the system would have a life of 20 yrs and a ..

What is the marginal effect of an increase : The demand curve for product X is given by QDx = 220 ? PX + 3PY + 0.001I where PY is the price of a related good Y, and I is income. The supply curve for good X is given by QSX =10+3PX. What is the marginal effect of an increase in PY on the equilib..

User Account

All Pages