What amount must you deposit each year

Reference no: EM13258172

You want to have $82,000 in your savings account 13 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 7.30 percent interest, what amount must you deposit each year?

Reference no: EM13258172

Questions Cloud

Calculate the amount of dividend paid : In 2007, XYZ Company paid $45,000 of dividends to its stockholders. Calculate the amount of the $45,000 dividend paid in 2007 that was paid to common stockholders.

A commercial aircraft skin material having a density : Aluminum-lithium alloys have been developed by the aircraft industry to reduce the weight and improve the performance of its aircraft. A commercial aircraft skin material having a density of 2.55 g/cm^3 is desired.

Explain what is the net ionic equation for the reaction : What is the net ionic equation for the reaction that occurs when small amounts of hydrochloric acid are added to a HOCl/NaOCl buffer solution

Explain a solution is prepared by mixing of naocl : A solution is prepared by mixing 500. mL of 0.10 M NaOCl and 500. mL of 0.20 M HOCl. What is the pH of this solution? [Ka(HOCl) = 3.2 ? 10-8]

What amount must you deposit each year : You want to have $82,000 in your savings account 13 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 7.30 percent interest, what amount must you deposit each year?

Calculate snr given a noise specification of 680nv : For a Wien-bridge oscillator (a) Given R = 50Kohm and C = 100nF what is the frequency of oscillation (b) Given a required frequency of oscillation of f = 10kHz and R = 8kohm, what should the value of C be

Approximate total ordering cost : Her purchase price is $6 for each box of discs and she has determined that storage costs for one year are 25 percent of thepurchase price. What is her approximate total ordering cost?

What amount of principal would be due : If XYZ decides to pay off the entire mortgage in March, 2004 after just two monthly payments of $2,426.55 have been made, what amount of principal would be due?

Determine the incident and transmitted angles : Light is incident from air to glass at Brewster's angle. Determine the incident and transmitted angles. Glass has refractive index n2=1.45.

User Account

All Pages