What is the future value in 40 years of the income

Reference no: EM13204246

According to U.S. Census Bureau data (2004), average monthly income for a person with a degree in engineering was $5296 versus $3443 for a degree in liberal arts. What is the future value in 40 years of the income difference at an interest rate of 6% per year compounded monthly?

Reference no: EM13204246

Questions Cloud

What is the present worth of the contract through treatment : If the material costs were $140,000 per quarter and the service charges were calculated as 20% of the material costs, what is the present worth of the contract through the 3 year treatment period at an interest rate of 1% per month

Determine most recent report of the annual inflation rate : Find the most recent report of the annual inflation rate of a country of your choice as well as the type of currency used in that country. The equation S=C(1+r/100)^6 to find the inflated cost S, in 6 years, of an item, good or service

What is the price that the monopolist will charge : Consider a monopoly where the market demand is given by P = 170-2.5Q. The monopoly is facing the following costs: MC = 20, and TC = 20Q + 1,250. a) What is the marginal revenue of the monopolist What is the condition for profit maximization in mono..

The wilcoxon signed-rank test to find the critical value : Thirty days later, after regular training supplemented by vitamin E, they are tested again. The new results are listed below. Use the Wilcoxon signed-rank test to find the critical value to test the claim that the vitamin E supplement

What is the future value in 40 years of the income : According to U.S. Census Bureau data (2004), average monthly income for a person with a degree in engineering was $5296 versus $3443 for a degree in liberal arts. What is the future value in 40 years of the income difference at an interest rate of..

Explain how fast will the top of the ladder be moving away : a 17-ft ladder is leaning against a wall. If the bottom of the ladder is pulled alone the ground away from the wall at a constant rate of 5ft/sec, how fast will the top of the ladder be moving away

Why might a firm charged with violating section : Why might a firm charged with violating the Clayton Act, Section 7, try arguing that the products sold by the merged firms are in seperate markets. Why might a firm charged with violating Section 2 of the Sherman Act try convincing the court that ..

Compute how many of each type were sold : Solid-color neckwarmers sold for $9.90 each and print ones sold for $12.75 each. In all, $421.65 was taken in for the neckwarmers. How many of each type were sold?

State the base of the solid is the region in the xy-plane : The base of the solid is the region in the xy-plane bounded by the paraboles y=x^2 and x=y^2 . find the volume of this solid if every cross-section perpendicular

User Account

All Pages