Make a quarterly deposit, Jonathan wanted to make a

Make a quarterly deposit

Assignment Help Business Economics

Reference no: EM131387124

Jonathan wanted to make a quarterly deposit so that at the end of 10 years he will have $10,000 for a new BMW 1600 cc bike. If the account earns 6% annual interest, compounded quarterly, how much should Jonathan deposit each quarter?

Reference no: EM131387124

Questions Cloud

Making monthly contributions to savings program : Many persons prepare for retirement by making monthly contributions to a savings program. Suppose that $2, 300 is set aside each year and invested in a savings account that pays 20% interest per year, compounded continuously Determine the accumulated..

What is the optimal thickness of insulation : Fixed cost for a hot water line per meter of pipe is $100X + $250 per year. The cost for loss of heat from the pipe per meter is $5.4X^ -2 per year. Here, X represents the thickness of insulation in meters, and X is continious design variable. What i..

We present empirical evidence that the buffering effects : We present empirical evidence that the buffering effects of foreign banks in the Asian banking markets on the efficiency of monetary policy transmission during crisis periods become more conspicuous under conditions, when an expansionary monetary pol..

What will be their consumer surplus : Tim mows neighborhood lawns for extra money. Suppose that he would be willing to mow one lawn for $13 a second lawn for $18 and a third lawn for $24. If Tim offers to mow lawns for $24 each, what will be his producer surplus? onsidering Mrs. Jones, M..

Make a quarterly deposit : Jonathan wanted to make a quarterly deposit so that at the end of 10 years he will have $10,000 for a new BMW 1600 cc bike. If the account earns 6% annual interest, compounded quarterly, how much should Jonathan deposit each quarter?

Maintenance on machine is expected : Maintenance on a machine is expected to be $155 at end of the first year then increasing by $35 each year for the next 7 years. What sum of money would need to be set aside now to pay for the maintenance for the 8 year period? Assume 6% interest.

Calculate the consumer surplus and producer surplus : Assume that a monopolist has a demand curve given by P = 1500 − 4Q, and T C = 100 + 5Q2 with MC = 10Q. Graph the Demand, Marginal Revenue, Marginal Cost, and Average Total Cost curves. Calculate the consumer surplus. Calculate the producer surplus.

What tax level is the condorcet winner : Residents of a city vote directly over the level of public spending. There are 3005 voters in the city. Voters differ in their income Y : the mean income of the voters is $50, 000 and the median income is $40, 000. Set up the voter’s utility in terms..

What is the optimal thickness of the insulation : Fixed cost for a hot water line per meter of pipe is $100X+$250 per year. The cost for loss of heat from the pipe per meter is $5.4X^-2 per year. Here, X represents the thickness of insulation inmeters, and X is a continuous design variable. What is ..

User Account

All Pages