How much must she deposit each month

Reference no: EM13688866

Buy new car finance no more than 10000 of the 26000 estimated prices in two years. Now, deposits 5000 in to a savings account now and will make monthly deposits for the next two years. If the saving s account pays a nominal interest rate of 3% per year with monthly compounding, how much must she deposit each month?

Reference no: EM13688866

Questions Cloud

What is the value of a preferred stock : Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..

Draw the graph of the total cost curve : Consider the following structure of the cost function: c(w, 0) = 0 and cy(w, y) = int(y), where int(y) is the smallest integer greater than or equal to y element of nonnegative real numbers. Draw the graph of the total cost curve.

What is the maximum annual withdrawal : A depositor puts $25,000 in a savings account that pays 5% interest, compounded semiannually. Equal annual withdrawals are to be made from the account, beginning one year from now and continuing forever. What is the maximum annual withdrawal?

How much must she deposit each month : Buy new car finance no more than 10000 of the 26000 estimated prices in two years. Now, deposits 5000 in to a savings account now and will make monthly deposits for the next two years.

Change in the price paid by domestic consumers for oil : Suppose that oil is sold not he world market at price pw, and is also produced domestically by a competitive industry. Assume that the world price of oil is fixed at pw=$100 per battle.

How many outcomes are there for the chance event : What is the decision to be made, what is the chance event and what is the consequence for this problem? How many outcomes are there for the chance event?

Analyze the impact of an increase in the minimum wage : Analyze the impact of an increase in the minimum wage from the current level to $15 per hours. How would the following be affected? employment of people previously earning less than $15 per hour

Capital and maintenance costs of the facility : A small town wants to acquire an electric generator facility for half a million dollars. It will cost approximately $4,500/year to maintain the facility. The facility has an expected useful life of about 50 years. The annual interest rate is 6%

User Account

All Pages