What amount do you need to save today

Assignment Help Basic Computer Science
Reference no: EM132340408

Alternatively, P = F/ert. P tells you the most you should loan or the most you need now to save to meet future goal F. Thus, if a borrower tells you that he needs a loan for 6 years and 3 months and will pay you an annual rate of 5 1/2% for the loan but will give you only $141.02 back at the end of the loan term, you should only loan him $100 today. In 6 years, you plan to spend $35500 on a new car. Assuming you can earn 3 1/2% annually on your savings, what amount do you need to save today to meet your goal 6 years hence?

Reference no: EM132340408

Questions Cloud

What is the value of the stock per share : The company pays a $30 annual dividend on its preferred stock, and John believes he should earn 7 percent on the stock based on the company's risk profile.
Locate a research paper related to software testing : Federation University - ITECH7409 Software Testing Assignment - Research on Software Testing and Standards. Locate research paper related to software testing
Explain why and list specific factors : how would that affect the trade volume between these territories? If you believe trade volume will change, explain why and list specific factors that will bring
Examine the hypothesis that industry experience mediates : Examine the hypothesis that industry experience moderates the effect of customer service orientation on job performance. Examine the hypothesis.
What amount do you need to save today : Assuming you can earn 3 1/2% annually on your savings, what amount do you need to save today to meet your goal 6 years hence?
Consistent with the increase in revenue : What is the price elasticity of demand for the phones and is this consistent with the increase in revenue? Please give an explanation and show all calculations.
Context of risk-seeking and and adverse behavior : Explain the different approaches to banking in the context of risk-seeking and and adverse behavior.
What is the corelation between monetary theory : What is the corelation between monetary theory and game theory and why is it so important that they are studied alongside eachother.
Deregulation of the financial market entails : Give a detailed account of what deregulation of the financial market entails.

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Identifies the cost of computer

identifies the cost of computer components to configure a computer system (including all peripheral devices where needed) for use in one of the following four situations:

  Input devices

Compare how the gestures data is generated and represented for interpretation in each of the following input devices. In your comparison, consider the data formats (radio waves, electrical signal, sound, etc.), device drivers, operating systems suppo..

  Cores on computer systems

Assignment : Cores on Computer Systems:  Differentiate between multiprocessor systems and many-core systems in terms of power efficiency, cost benefit analysis, instructions processing efficiency, and packaging form factors.

  Prepare an annual budget in an excel spreadsheet

Prepare working solutions in Excel that will manage the annual budget

  Write a research paper in relation to a software design

Research paper in relation to a Software Design related topic

  Describe the forest, domain, ou, and trust configuration

Describe the forest, domain, OU, and trust configuration for Bluesky. Include a chart or diagram of the current configuration. Currently Bluesky has a single domain and default OU structure.

  Construct a truth table for the boolean expression

Construct a truth table for the Boolean expressions ABC + A'B'C' ABC + AB'C' + A'B'C' A(BC' + B'C)

  Evaluate the cost of materials

Evaluate the cost of materials

  The marie simulator

Depending on how comfortable you are with using the MARIE simulator after reading

  What is the main advantage of using master pages

What is the main advantage of using master pages. Explain the purpose and advantage of using styles.

  Describe the three fundamental models of distributed systems

Explain the two approaches to packet delivery by the network layer in Distributed Systems. Describe the three fundamental models of Distributed Systems

  Distinguish between caching and buffering

Distinguish between caching and buffering The failure model defines the ways in which failure may occur in order to provide an understanding of the effects of failure. Give one type of failure with a brief description of the failure

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd