How much should the year end payments be

Reference no: EM13205377

Mary and Joe would like to save up $10,000 by the end of three years from now to buy new furniture for their home. they currently have $1500 in a savings account set aside for the durniture. They would like to make three eual year end deposits to this savings account to pay for the furniture when they purchase it three years from now. Assuming that this account pays ^% interest, how much should the year end payments be?

Reference no: EM13205377

Questions Cloud

Identify the six basic computer operations : Identify the six basic computer operations. Explain each operation's role in a computer program and indicate whether it is part of a program's input component, processing component, or output component.

What will be the nash equilibrium in the one-shot game : Now suppose the two doctors play this game twice. Also, suppose each doctor can play one of two strategies: it can play either "always charge the low price" or "tit for tat"- that is, it starts off charging the high price in the first period

What is the effect of the new technology on the society : the effect of new technology on consumers is that it makes life easier for society. Cell phones have become miniature computers that can do just about anything we want now. Our cell phone for the past few years have a lot more processing power tha..

Find the area of the largest rectangle that can be inscribed : Find the area of the largest rectangle that can be inscribed in the ellipse below.

How much should the year end payments be : Assuming that this account pays ^% interest, how much should the year end payments be?

What are the expected net operating cash flows per year : What is the beta of J Corp's stock and using the CAPM model, what is the expected rate of return on J Corp. stock for the coming year?

What is the marginal utility of the measure of very hot days : People like to earn money, but they don't like to work outdoors in the summer, due to the high heat. Suppose that the utility function is $U(w,x)=w^{1/2}-0.5h$ , where w is the wage and h is a measure of the number of very hot days.

Explain concentration was dissolved in hcl and dilute : concentration was dissolved in HCl and diluted to 100.0 mL. Aliquots of 10.00 mL of this unknown solution were added to different volumes of a 2.08 ÃŽ¼g/mL Ca standard solution and diluted to 200.0 mL. Find the weight percent of Ca in the rock sam..

Compute the change in ph : Calculate the change in pH to 0.01 pH units caused by adding 10. mL of 2.63-M NaOH is added to 440. mL of each of the following

User Account

All Pages